Archived News

27/10/2024 (Bernama), Seremban - It all began with wanting to help the community earn income by selling sell used cooking oil about five years ago, Mohd Hazim Mohd Mustazar, 33, is now able to earn a five-figure income a month.

24/10/2024 (Bernama), Kuala Lumpur - Crude palm oil (CPO) futures on Bursa Malaysia Derivatives rallied to above RM4,600 per tonne for the January 2025 benchmark contract, boosted by positive sentiment amid expectations of weaker output and lower stock levels, said a trader.

24/10/2024 (Reuters), Kuala Lumpur - Malaysian palm oil jumped more than 2% on Thursday, supported by expectations of palm production declines and lower national stockpiles.

24/10/2024 (Indonesia Business Post) - The Indonesian Palm Oil Association (GAPKI) remains optimistic that the European Union Deforestation Regulation (EUDR) will not significantly impact Indonesia’s palm oil exports to Europe.

24/10/2024 (Oils & Fats International) - The introduction of higher biodiesel blending mandates by Indonesia is likely to tighten palm oil, according to a leading analyst quoted in a Reuters report.

25/10/2024 (The Borneo Post), Kuching - The Malaysian Palm Oil Board (MPOB) and Sarawak Oil Palm Plantation Owners Association (Soppoa) further strengthened their collaboration this year through a webinar focused on bagworm management.

Oct 24 (Reuters) - Indian consumer goods maker Patanjali Foods (PAFO.NS) reported a 21% rise in second-quarter profit on Thursday, aided by strong demand at its mainstay cooking oils business.

23/10/2024 (Bernama), Kuala Lumpur - Crude palm oil (CPO) futures on Bursa Malaysia Derivatives rallied to a two-year high, driven by expectations of weak production and lower stock levels in both Malaysia and Indonesia, a trader said.

24/10/2024 (The Star), Petaling Jaya - Buyers of crude palm oil (CPO) are stocking up ahead of the higher export duties both in Malaysia and Indonesia, where over 80% of the world’s CPO is produced.

23/10/2024 (Bloomberg), Palm oil — the world’s most widely used vegetable oil — rallied to the highest level in more than two years as supply woes persist, rekindling concerns about rising consumer food costs.

23/10/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures rose to their highest levels in more than two years on Wednesday, supported by anticipated production declines and policy moves from two top producers.

23/10/2024 (Bernama), Kuala Lumpur - The Malaysian Palm Oil Council (MPOC) expects the European Parliament to approve a proposal to delay implementing the European Union Deforestation Regulation (EUDR).