Archived News

16/07/2024 (Borneo Post), Kuala Lumpur - The palm oil industry should explore repurposing residuals as a crucial feedstock for sustainable aviation fuel (SAF), moving beyond traditional uses of palm oil, said Deputy Investment, Trade and Industry Minister Liew Chin Tong.

16/07/2024 (New Straits Times), Kuala Lumpur - A total of RM6.12 billion of windfall tax from the palm oil industry has been collected and deposited into the Federal Consolidated Fund from 1999 to 2023.

16/07/2024 (New Straits Times), Kuala Lumpur - The Agriculture and Commodities Ministry is taking various efforts to ensure that the Malaysian Sustainable Palm Oil (MYSPO) certification meets the requirements of the European Union's Forest Law Enforcement, Governance and Trade Regulation (EUDR).

16/07/2024 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures rose on Tuesday to snap a two-day decline, buoyed by stronger rival Dalian and Chicago contracts and higher export estimates.

16/07/2024 (Biofuels International) - Germany exported a total of just less than 1.7 million tonnes of rapeseed meal. This was up about 26% on the same period a year earlier.

15/07/2024 (The Star), Kuala Lumpur - Malaysia has secured over RM230 million in palm oil trade deals during Deputy Plantation and Commodities Minister Datuk Chan Foong Hin’s recent working visit to China.

15/07/2024 (The Edge Malaysia) - Palm oil is likely to extend its rally through the second half of the year (2H2024), as the looming onset of La Nina threatens already-strained supplies of the world’s most-consumed cooking oil.

15/07/2024 (New Straits Times), Kuala Lumpur - Malaysia's benchmark crude palm oil futures are expected to average between RM3,850 and RM4,000 (US$823.53 and $855.61) per metric ton this year, a slight increase from the RM3,800 per tonne average in 2023, the Malaysian Palm Oil Association (MPOA) said on Monday.

15/07/2024 (The Sun), Kuala Lumpur - The government does not plan to reinforce the oil palm replanting programme via grants for now, the Ministry of Plantation and Commodities (MPC) said.

15/07/2024 (Business Day) - Worried by the Nigeria dropped from being the largest palm oil producer in the world to the 5th position, the Incorporated Society of Planters (ISP), Africa chapter has planned a maiden symposium to be held in Malaysia.

14/07/2024 (New Straits Times), Kuala Lumpur - Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with a downside bias, given rising output expectation in the coming week, said palm oil trader David Ng.

14/07/2024 (New Straits Times), Kuala Lumpur - FGV Holdings Bhd has introduced its improved Sustainability Framework to support the nation's initiatives in transforming the palm oil industry and achieving broader sustainability objectives.