Archived News
13-02-2025
Local palm oil stocks expected to drop 7pct in February
12/02/2025 (New Straits Times), Kuala Lumpur - Malaysian palm oil stocks are expected to fall by another seven per cent month-on-month (MoM) to 1.48 million tonnes in February due to continued low production.
13-02-2025
Strong 4Q2024 earnings for upstream planters amid higher CPO prices, stable fertiliser costs — analysts
12/02/2025 (The Edge Malaysia), Kuala Lumpur - BIMB Securities Research said pure upstream plantation companies, such as Hap Seng Plantations Holdings Bhd (KL:HSPLANT) and Sarawak Plantation Bhd (KL:SWKPLNT), are expected to report stronger earnings for the fourth quarter of 2024 (4Q2024).
13-02-2025
Indonesia stresses sustainable palm oil for food, energy security
12/02/2025 (Antara), Denpasar, Bali - Indonesia's Deputy Minister of Agriculture, Sudaryono, has emphasized the need to improve sustainable palm oil productivity to support the government's priority programs, particularly food and energy self-sufficiency, as well as natural resource downstreaming.
13-02-2025
Palm Oil Imports Hit 13-Year Low As Soybean Oil Surges
12/02/2025 (News 18) - India’s palm oil imports plunged 65 per cent year-on-year to 2,75,241 tonne in January 2025, the lowest in 13 years, as buyers shifted to cheaper soybean oil, industry body Solvent Extractors Association of India (SEA) said on Wednesday. Total vegetable oil imports dropped 13 per cent to 10.49 lakh tonne in January from 12 lakh tonne a year earlier.
12-02-2025
Malaysia palm oil output sinks most in nine years as rain hits crops
12/02/2025 (Bloomberg), Kuala Lumpur - Palm oil output in Malaysia fell the most since 2016 as heavy rain and floods disrupted harvesting in the world’s second-biggest grower.
12-02-2025
Palm oil exports slip 12.94% to 1.17 mil tonnes in January — MPOB
10/02/2025 (Bernama), Kuala Lumpur - Malaysia’s palm oil exports in January 2025 slipped 12.94% to 1.17 million tonnes from 1.34 million tonnes in December 2024, according to the Malaysian Palm Oil Board (MPOB).
12-02-2025
Malaysian palm oil futures up more than 2pct on expectation of improving demand
10/02/2025 (Reuters), Kuala Lumpur - Malaysian palm oil futures rose for the fourth straight session on Monday, after data from the industry regulator showed a decline in the country's stocks and expectations of improving demand added to market's bullish sentiment.
12-02-2025
Down day for soybeans, corn, wheat
11/02/2025 (Brownfield) - Soybeans were lower on profit taking and technical selling. The USDA left 2024/25 U.S. ending stocks unchanged, while the production guess for Argentina was down and there was no change for Brazil. The USDA did lower its outlook for Paraguay’s crop but left exports steady. Imports by China held at 109 million tons. AgRural says 15% of Brazil’s soybean crop has been harvested, compared to 23% a year ago. CONAB’s updated numbers for Brazil are out Thursday, while the USDA’s next round of supply, demand, and production projections is out March 11th. Soybean meal was lower and bean oil was higher on the adjustment of product spreads, with no adjustments to the domestic balance sheets. Globally, the changes for soybean meal were modest, the USDA did raise the export guess for Brazil, while leaving Argentina unchanged. World soybean oil stocks were unchanged and production was slightly higher on an increase for Brazil.
12-02-2025
Spain’s olive oil prices fall over 50%: Good news for shoppers, bad for farmers
11/02/2025 (Euro Weekly News), - Spain, the world’s largest producer of olive oil, has seen a significant drop in prices, with costs falling by 55 per cent in the past year, according to The Spanish Ministry of Agriculture.
10-02-2025
Palm oil sets third weekly gain on Ramadan demand, production declines
07/02/2025 (Reuters), Kuala Lumpur - Malaysian palm oil futures closed higher on Friday, logging a third straight week of gains, supported by a weaker ringgit, anticipated Ramadan demand and seasonal production declines.
10-02-2025
CPO Futures Rise Above RM4,500 A Tonne On Supply Concerns, Pre-Ramadan Demand
07/02/2025 (Bernama), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher on Friday, with the April 2025 benchmark contract surpassing RM4,500 per tonne, driven by concerns over weak output and anticipated demand ahead of Ramadan.
10-02-2025
State oil and gas firm PT Pertamina advances Indonesia's clean energy goals with biodiesel for fleet
08/02/2025 (The Star), Jakarta, Xinhua - Indonesia's state oil and gas firm, PT Pertamina, has supported and implemented the government's clean energy programme by adopting B40 biodiesel fuel for its ships, an official has announced.