Archived News

18/11/2024 (Reuters), Kuala Lumpur - Palm oil prices are expected to remain above 4,750 ringgit in November, supported by export supply uncertainties and rising soft oil prices, state agency Malaysian Palm Oil Council (MPOC) said on Monday.

18/11/2024 (The Edge Malaysia), Kuala Lumpur - The Malaysian Palm Oil Council (MPOC) has called on the European Union (EU) to classify Malaysia as a “low risk” country under the EU’s new Deforestation-free Products Regulation (EUDR).

18/11/2024 (Reuters), Jakarta - Indonesia is looking to review the way it sets palm oil export levies to maintain competitiveness against rival edible oils, an official said on Monday, describing it as a regular move to evaluate its trade policy.

18/11/2024 (The Star), Kuala Lumpur - Almost RM10mil is allocated to improve Malaysia’s palm oil perception in Europe, says Deputy Plantations and Commodities Minister.

18/11/2024 (The Star), Petaling Jaya - Johor Plantations Group Bhd (JPG) has appointed Johor Corp’s indirect subsidiary, JL Projects Sdn Bhd, as the project management consortium (PMC) for the construction of an integrated sustainable palm oil complex, worth RM30.99mil.

16/11/2024 (Bernama), BAKU (Azerbaijan) - The Malaysian Palm Oil Council's (MPOC) maiden participation in the 29th Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC-COP29) reflected Malaysia's leading role in sustainable palm oil production.

16/11/2024 (Bernama), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade sideways next week amid uncertainty over the fresh demand from the destination markets.

18/11/2024 (VOI), Jakarta - Indonesia as the largest palm oil producer in the world is considered to have a strategic role in supporting food and energy availability at the global level as the human population increases.

16/11/2024 (inews) - Spanish olive oil maker Deoleo says the most challenging time in the industry’s history appears to be coming to a close.

16/11/2024 (The Star), Kuala Lumpur - The Malaysian Communications and Multimedia Commission (MCMC) and the Malaysian Palm Oil Board (MPOB) have joined forces to advance future technological initiatives in the palm oil industry.

14/11/2024 (Business Today) - US President Trump’s plans to roll out blanket import tariffs could reduce or stop imported vegetable oil and fat supplies, pushing the US crush industry to build new plants and expand capacity, as American farmers are worried that US’ protectionist stance will limit their access to top soy buyers from China, reported Reuters on Wednesday.

14/11/2024 (Reuters), Winnipeg - ICE canola futures fell for a third straight session on Thursday, dropping below a moving average that had recently acted as a support level on signs of slowing commercial demand, traders said.