Archived News

07/11/2024 (The Nation) - Oil palm growers in Surat Thani recently assured a senior Commerce Ministry official that the price of cooking palm oil will drop in January once the fruit yield returns to normal.

07/11/2024 (Bernama), Kuala Lumpur - Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended higher on Thursday amid a weaker production outlook in Malaysia, a trader said. Palm oil trader David Ng said the stronger expected demand for palm oil with lndonesia looking to increase its biofuel mandate also lifted market sentiment.

07/11/2024 (Antara), Bali - The Ministry of Agriculture is implementing DNA tracing technology to identify parent palm oil trees and preserve their seeds for planting, aiming to sustain productivity in the national palm oil industry.

07/11/2024 (New Straits Times), Kuala Lumpur - Hong Leong Investment Bank Bhd (HLIB Research) anticipates positive growth for Malaysia's plantation sector in the third quarter of 2024 (3Q24), driven by a surge in crude palm oil (CPO) prices.

06/11/2024 (Free Malaysia Today), Mumbai - India’s palm oil imports surged 59% in October to a three-month high compared to the previous month, as refiners boosted purchases to replenish stocks depleted by lower-than-usual imports in recent months and strong festive demand, five dealers said.

06/11/2024 (Oils & Fats International) - Brazil’s privately owned Grupo Potencial is planning to invest BRL 600M (US$108.86M) to increase biodiesel output at one of its plants, according to a Reuters report.

06/11/2024 (Reuters), Jakarta - Malaysian palm oil futures closed up on Wednesday, supported by gains in rival vegetable oils and a weaker ringgit, while investors look for cues from an industry conference in Indonesia starting later this week and Malaysian Palm Oil Board data due next week.

06/11/2024 (Biodiesel Magazine) - The U.S. exported 67,975.3 metric tons of biodiesel and biodiesel blends of B30 or greater in September, according to data released by the USDA Foreign Agricultural Service on Nov. 5. Biodiesel imports were at 88,055.9 metric tons for the month.

05/11/2024 (The Edge Malaysia), Kuala Lumpur - Palm oil prices will strengthen in 2025, as tight supply of edible oil boosts earnings of Malaysian planters, AmInvestment Bank said in recommending that investors add exposure to the sector.

05/11/2024 (The Nation) - The Department of Internal Trade is intensifying monitoring in southern border areas to prevent smuggling of palm oil amid rising domestic prices.

05/11/2024 (Bernama), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended a four-day winning streak closing lower, taking the cue from the weakness in Chicago Board of Trade (CBOT) soybean oil futures, a dealer said.

05/11/2024 (Biofuels International) - US biodiesel imports have been plentiful over the past few months and since 2022 import volumes have doubled.