Archived News
12-07-2023
CPO prices may end up stronger than expected due to El Nino
11/07/2023 (New Straits Times), Kuala Lumpur - Crude palm oil (CPO) prices may end up higher than the currently expected average of RM3,700 per tonne for 2023 to 2024, Kenanga Research said.
12-07-2023
VEGOILS-Palm oil extends gains on strong exports, tight stockpiles
10/07/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures rose for a second session on Tuesday, underpinned by improving export demand and a slower-than-anticipated rise in inventories.
12-07-2023
VEGOILS-Palm ends lower on rising production outlook, improving demand underpins
11/07/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures reversed early gains to end lower on Tuesday as traders weighed expectations of rising production against improving export demand.
12-07-2023
Domestic trade ministry, agencies to curb smuggling of subsidised cooking oil
11/07/2023 (The Star Online), Putrajaya - The Domestic Trade and Cost of Living Ministry will work with the relevant enforcement agencies to beef up controls on distribution of controlled goods, especially cooking oil, at the country’s borders.
12-07-2023
Bangladesh lowers cooking oil prices; bottled soybean oil prices cut by Tk 10 a litre
11/07/2023 (BD News24.com) - The government has lowered cooking oil prices by Tk 5-12 per litre following a fall in prices on the global market.
11-07-2023
Anticipation of higher stocks to weigh on CPO
10/07/2023 (The Star Online), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade lower this week given the expectation of higher stocks and muted demand.
11-07-2023
Malaysia end-June palm oil stocks rise slower than expected as output falls
10/07/2023 (Nasdaq), Kuala Lumpur - Malaysia's palm oil inventories rose at the end of June but at a slower than expected pace, as production declined and exports jumped, data by the nation's palm oil board showed on Monday.
11-07-2023
Ministry, RSPO agree to boost capacity of oil palm farmers
11/07/2023 (Antara News), Jakarta - The Ministry of Cooperatives and Small and Medium Enterprises (SMEs) and the Roundtable on Sustainable Palm Oil (RSPO) have signed a memorandum of understanding (MoU) to strengthen small farmers' capacity to accelerate the implementation of sustainable palm oil in Indonesia.
11-07-2023
VEGOILS-Palm oil set to rise on smaller-than-expected stocks, higher July exports
10/07/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures ticked up on Monday after trading in a tight range, with data showing a surge in July exports and a slower rise in June inventories likely to further support prices.
11-07-2023
VEGOILS-Palm oil trades in tight range ahead of key data
10/07/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures traded in a tight range on Monday ahead of key data, with concerns of higher June inventories weighing on the market.
10-07-2023
Rationalising distribution of subsidised cooking oil will solve shortages in future, says Salahuddin
09/07/2023 (The Star Online), Kota Kinabalu - The Domestic Trade and Cost of Living Ministry will initiate a rationalisation process in the allocation of subsidised cooking oil or quota for cooking oil to overcome future shortages in the market.
10-07-2023
Cooking oil: Why consumers will pay more
09/07/2023 (The East African) - It will take longer – if at all – for consumers in the region to enjoy a drop in retail prices of edible oils following the decision by Kenya to impose a 25 percent duty on crude palm oil.