Archived News

12/07/2023 (Nasdaq), Jakarta - Indonesia is planning to set its crude palm oil (CPO) reference price at $791.02 per metric ton for July 16-31, senior economic ministry official Musdhalifah Machmud said on Wednesday, up from $747.23 per tonne in July 1-15.

13/07/2023 (The Star Online) - MALAYSIA’S premier agribusiness and food company FGV Holdings Berhad has been hard at work sharing with oil palm smallholders FGV’s commitment in implementing the sustainable development policy of the country’s palm oil industry.

13/07/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures extended early losses on Thursday, weighed down by forecast of improving production in the world's second-largest producer, while estimates of all-time high U.S soybean output also dampened sentiment.

13/07/2023 (China Dialogue) - The EU’s unprecedented effort to eliminate deforestation from its supply chains fails to consider the poorest growers that form the backbone of palm oil production, say businesses and civil society in Southeast Asia. The oversight could cost developing countries dear and ultimately risks thwarting the bloc’s plan to protect the world’s forests, they add.

12/07/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures fell on Thursday, surrendering gains from the previous session, tracking losses in rival edible oils after the U.S government forecast a all-time high production of soybeans.

12/07/2023 (Malay Mail), Kuala Lumpur - Effective diplomacy between Malaysia and the United Kingdom (UK) plays a vital role in understanding differing perspectives on issues such as palm oil and human rights, said British High Commissioner to Malaysia, Charles Hay. Palm oil, a contentious issue between Malaysia, the UK, and the European Union, has prompted discussions aimed at deepening understanding, he said on Bernama TV’s The Nation today.

12/07/2023 (New Straits Times), Kuala Lumpur - The government's willingness to consider drastic measures to help rubber settlers switch to other commodity crops such as oil palm will help provide them with a better income in the future.

12/07/2023 (Nasdaq) - Malaysian palm oil futures ended 1% higher on Wednesday, recouping losses on robust demand and as the market digested smaller-than-expected end-June inventories.

11/07/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures rebounded on Wednesday, lifted by robust demand for the commodity and tracking higher rival soyoil prices.

12/07/2023 (Business Recorder) - Malaysia’s palm oil inventories rose at the end of June but at a much slower than expected pace, as production declined and exports jumped, data by the country’s palm oil board showed on Monday.

12/07/2023 (The Star Online), Kuala Lumpur - The plantations sector could be poised for an upcycle should the El Nino weather phenomenon play out as expected.

11/07/2023 (The Star Online), Petaling Jaya - Malaysia’s total palm oil stock increased by 1.92% to 1.72 million tonnes in June 2023 from 1.69 million tonnes in the preceding month.