Archived News

The government will lay down a strong policy framework to further develop the oil palm industry and provide assistance, as well as a supporting environment to ensure sustainable development alongside the industry's competitiveness.

KUALA LUMPUR (July 3): Malaysian palm oil exporters have been encouraged to take advantage of the U.S. and China trade dispute to promote more palm oil products to the Chinese market.

Jakarta. Indonesia and the Netherlands will continue to work together to address the European Union's biofuel ban, which has placed the Southeast Asian country's palm oil exports at a disadvantage, Foreign Minister Retno Marsudi said after a meeting with her Dutch counterpart, Stef Blok, in Jakarta on Tuesday (03/07).

NEW YORK: Malaysia’s palm oil exports stand to benefit from rising imports of edible oils by the United States (US), including palm oil, thanks to the country’s continued economic growth trajectory in the current year.

ROTTERDAM: Palm oil on the European vegetable oils market continued to ease on Tuesday, tracking losses in Malaysian palm oil on slack demand and slow exports and due to weaker CBOT soyoil futures.

PETALING JAYA: MIDF Research has lowered its average crude palm oil (CPO) price forecast to RM2,400 per tonne for this year.

KUALA LUMPUR: UOB Kay Hian Malaysia Research is maintaining its sell call for plantation heavyweight IOI Corp with a target price of RM3.70 compared with Tuesday's share price of RM4.50 due to the weaker results expected.

OSLO, Norway — Banning palm oil in favor of other vegetable oils deemed less destructive to the environment could lead to greater biodiversity losses, a new report says.

KUALA LUMPUR: Malaysian palm oil futures moved into positive territory on Monday evening, reversing losses as traders forecast declining monthly production in the world’s second-largest producer.

KUALA LUMPUR (July 2): Malaysian palm oil futures marginally declined in early trade on Monday, tracking weaker crude oil prices and were set for a second straight session of losses.

PETALING JAYA: Palm oil prices are expected to stay weak into the second half of the year with supplies likely to be higher into the third quarter amid lackluster demand, said OCBC Bank economist Barnabas Gan.

The Roundtable on Sustainable Palm Oil (RSPO) has suspended Nestlé’s membership over the company’s failure to submit an annual progress report for 2016, and for delivering a 2017 report without the required time-bound plan for working toward sustainable palm oil.