Archived News
26-06-2023
Indonesia mulls diverting palm oil exports to Africa over EUDR
24/06/2023 (Antara News), Jakarta - With European nations implementing the European Union Deforestation-Free Regulations (EUDR), the government is thinking of gradually diverting Indonesia’s palm oil exports to Africa, Coordinating Minister for Maritime Affairs and Investment, Luhut Binsar Pandjaitan, has said.
26-06-2023
Edible oil, ghee output grows
24/06/2023 (The Nation), Islamabad - The production of edible oil and vegetable in the country during 10 months of the current financial year grew by 4.97 percent and 16.72 percent respectively as compared to the production of the same period last year.
26-06-2023
State palm oil firm among stakeholders boosting conservation efforts in Sabah
24/06/2023 (New Straits Times), Lahad Datu - Senior reporter Jenne Lajiun's elation was evident as she planted a tree seedling at the Bagahak 1 estate here recently.
26-06-2023
CPO futures snap three days of losses to close firmer
23/06/2023 (The Sun Daily), Kuala Lumpur - Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives reversed three days of losses to end higher on Friday, tracking strength in the Chicago Board of Trade (CBOT) soybean oil market, a dealer said.
26-06-2023
Sabah palm oil mill guidelines vital for sustainability, says Liew
23/06/2023 (The Star Online), Kota Kinabalu - Palm Oil mill operators and industry players should follow waste management guidelines to reduce the environmental impact in Sabah, says Datuk Christina Liew.
23-06-2023
Palm oil sector to tap more opportunities in Asean
23/06/2023 (The Star Online), Petaling Jaya - The Malaysian palm oil industry is poised to capitalise on the vast opportunities offered by the Philippines, Vietnam and Myanmar following a two-day trade and networking session hosted by the Malaysian Palm Oil Council (MPOC) this week.
23-06-2023
India’s palm oil imports set to rise 46% as prices fall
23/06/2023 (Free Malaysia Today), Mumbai - India’s palm oil imports in June are set to jump 46% from a month ago to their highest in three months as buyers took advantage of a dip in prices to their lowest in 28 months to increase purchases, five dealers told Reuters.
23-06-2023
Malaysian palm oil industry set to tap more opportunities in ASEAN market
22/06/2023 (The Sun Daily) - The Malaysian palm oil industry is poised to capitalise on the vast opportunities offered by the Philippines, Vietnam and Myanmar following a two-day trade and networking session hosted by the Malaysian Palm Oil Council (MPOC) this week.
23-06-2023
VEGOILS-Palm extends losses after soybean selling momentum eases off
22/06/2023 (Nasdaq), Jakarta - Malaysian palm oil futures continued to fall for the third day on Thursday after a drop in soybean oil selling momentum, as well as a lower-than-expected U.S. biofuel mandate.
23-06-2023
Palm oil falls for second day on US biofuel mandate
22/06/2023 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures fell for a second day on Wednesday following news of a US plan to implement a smaller biofuel mandate than it had initially proposed.
23-06-2023
Surge in edible oil imports cripple local units, tariff hike sought
23/06/2023 (Financial Express) - A sharp fall in the global prices of soyabean, palm and sunflower oils and lower Customs duties of edible oil have led to 18% increase in imports, prompting the domestic manufacturers to seek a policy correction.
22-06-2023
Malaysia keeps July crude palm oil export duty at 8.0%
21/06/2023 (The Star Online), Kuala Lumpur - Malaysia has maintained its July export tax for crude palm oil at 8% and lowered its reference price, a circular on the Malaysian Palm Oil Board website showed on Wednesday.