Archived News

Jakarta (ANTARA) - The Ministry of Environment and Forestry has urged all palm oil companies who are based in forest areas to fulfill all licensing requirements before November 2, 2023.

Palm oil prices have drifted upward this month as investors focus on Indonesia’s export restrictions and El Nino trends. Malaysia’s palm oil was trading at MYR 3,902 on Monday, higher than the year-to-date low of MYR 3,200. Still, the price remains sharply lower than the pandemic high of MYR 7,104.

KUALA LUMPUR: Crude palm oil (CPO) prices are expected to spike in the near term as a knee-jerk reaction to Russia's move to suspend a humanitarian corridor to deliver key Ukrainian grains to global markets, hours before the agreement expires.

India’s palm oil imports jumped 56% to a three-month high in June, as buyers took advantage of a dip in prices to increase purchases, a leading trade body said.

Malaysian palm oil futures was little changed on Monday after trading in a tight range, with a surge in July exports so far underpinning the market.

KUALA LUMPUR, July 18 (Reuters) - Malaysian palm oil futures firmed on Tuesday for a third consecutive session as traders squared up positions ahead of a public holiday.

17/07/2023 (Business Recorder), Singapore - Malaysian palm oil futures ended with a modest recovery on Friday and logged a third consecutive weekly gain as the strength in rival edible oils countered a firmer yen.

16/07/2023 (Business Recorder), Mumbai - India’s palm oil imports jumped 56% to a three-month high in June, as buyers took advantage of a dip in prices to increase purchases, a leading trade body said on Friday. Imports rose to 683,133 metric tons in June, up from 439,173 metric tons in May as prices fell to their lowest in 28 months, the Mumbai-based Solvent Extractors’ Association of India (SEA) said in a statement.

16/07/2023 (The Malaysian Reserve) - The United Kingdom (UK) today officially joined Malaysia and 11 other founding countries in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), marking the first free trade agreement (FTA) between Malaysia and the UK.

16/07/2023 (The Guardian, Nigeria) - Stakeholders in the Oil Palm industry have raised concern over the importation of Olien – refined vegetable oil, prohibited by the Federal Government.

15/07/2023 (The Star Online), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is anticipated to experience an upward trend in the coming week influenced by the prevailing positive sentiment due to the strengthened prices of crude oil and soybean oil.

13/07/2023 (The Star Online), Kuala Lumpur - Palm oil has bounced back to track gains in soybean oil and energy prices, with a recovery in demand from top buyer India further underpinning the tropical oil.