Archived News

Malaysian palm oil futures climbed for a third straight session on Tuesday, supported by strength in Dalian and Chicago vegetable oils, although gains were limited by a drop in exports so far this month.

Indonesia, the world’s largest palm oil producer, brought the case to the WTO dispute body in 2019 after the EU decided that palm oil-based diesel would not be considered a biofuel due to its link to deforestation and its use in transport fuel would be phased out between 2023 and 2030, according to the Indonesian News Agency Antara

It was reported that the EU's pending anti-deforestation law presents both challenges and opportunities for Malaysia's palm oil industry

Indonesia will require natural resource exporters to hold all proceeds onshore for at least one year, its chief economic minister said on Tuesday, a move that could boost the country's foreign exchange reserves by $90 billion a year and support the local currency

Malaysia’s palm oil exports are expected to experience a seasonal decline in January and February this year, primarily due to a drop in production, said the Malaysia Palm Oil Council (MPOC).

Leading this evolution is FGV Holdings Berhad, a key player in the agribusiness landscape and one of the largest producers of Crude Palm Oil (CPO) in the world.

The Indonesian Government is also boosting the business cluster-based KUR and KUR for agricultural tools and machinery as strategic steps to boost productivity in the agriculture sector

The council also expects Malaysia's palm oil exports to fall seasonally in January and February, primarily due to reduced production impacted by the monsoon season and public holidays

In a statement, the Prime Minister’s Office (PMO) said the renewed engagement marked a significant milestone in strengthening Malaysia’s economic ties with one of the world’s largest trading blocs

The Union agriculture ministry has launched its first-ever survey to assess edible oil consumption patterns in India, aiming to effectively implement the new Mission on Edible Oils-Oilseeds (NMEO-Oilseeds), a senior government official said

MOA initiated and implemented a project to increase the per unit yield of grain and oil crops, which achieved preliminary success

Upward price movement is constrained by the weakening demand from major importing countries, such as India and China