Archived News

Kenya has hosted this year’s Malaysian Palm Oil Forum, which aims to establish strong relationships that enhance business opportunities between Malaysian palm oil suppliers and their buyers.

KOTA SAMARAHAN (July 5): The Sarawak Ministry of Food Industry, Commodity and Regional Development is projected to produce 600,000 metric tonnes of animal feed from palm oil a year, said its minister Dato Sri Dr Stephen Rundi.

KUALA LUMPUR: Malaysian palm oil futures reversed early gains on Wednesday after trading in a tight range, as traders weighed a forecast for a jump in June inventories against expectation for a recovery in July exports.

Soybean oil port differentials in South American markets have plunged to historic lows amid quiet demand from destinations and soaring Chicago Board of Trade futures.

European Union soybean imports in the 2022/23 season that ended on June 30 reached 13.02 million metric tons, down 10% from the 14.54 million tons imported in the 2021/22 season, European Commission data showed on Tuesday.

India’s June palm oil imports jumped 49% from the previous month to their highest in three months as buyers took advantage of a dip in prices to their lowest in 28 months to increase purchases, six dealers told Reuters.

KUALA LUMPUR, July 5 (Reuters) - Malaysian palm oil futures ticked up on Wednesday, rising for a third time in the past four sessions, on concerns over a build-up of June inventories in the world's second-largest producer amid slow exports.

A rebound in buying by the world's biggest vegetable oil importer would support Malaysian palm oil futures and help top producers Indonesia and Malaysia to trim inventories.

PETALING JAYA: The weather developments from July to August are key to near-term fresh price recovery for crude palm oil (CPO) prices, says Maybank Investment Bank (Maybank IB) Research.

NAIROBI, Kenya, July 4 – Malaysia is looking to export more palm oil to Kenya, coming at a time when prices of palm oil have skyrocketed due to disruptions in the global supply chain.

Malaysian palm oil futures fell on Tuesday in a retreat from the previous day’s more than three-month high, ending three sessions of gains, though losses were capped by global edible oil supply fears and a weak ringgit.

European Union soybean imports in the 2022/23 season that ended on June 30 reached 13.02 million metric tons, data published by the European Commission showed on Tuesday.