Archived News

21/06/2023 (The Borneo Post), Miri - Sarawak Dayak Oil Palm Planters Association (Doppa) has called upon Malaysian Palm Oil Board (MPOB) to allow independent smallholders to purchase oil palm seedlings from the commercial plantation nurseries close to their farms to slash transportation costs.

31/06/2023 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures fell for a second day on Wednesday following news of a U.S. plan to implement a smaller biofuel mandate than it had initially proposed.

22/03/2023 (Daily News) - MINISTER for Finance and Planning, Dr Mwigulu Nchemba has dropped a hint on plans for East African Community Common External Tariff (EAC CET) on scrapping of imported crude palm oil tariff.

21/06/2023 (Business Recorder) - In a year of economic gloom and doom, Pakistan is all set to increase its edible oil imports by almost 10 percent during the now concluding FY23, building on gains from a crash in the global commodity prices. During 11MFY23, domestic solvent industry imported 3.6 million metric tons of crude edible oil or raw material equivalents (oilseeds), more than the volume imported in full fiscal year 2022-23. Pakistan’s total edible oil supply during FY23 is expected to clock in at 4.2 million metric tons, after accounting for 0.6 million metric tons extracted from locally produced oilseeds.

21/06/2023 (Economic Times) - We are quite hopeful of this year. We are doing better than the previous years. Some of our businesses have been challenged like Astec LifeSciences has been challenged, but we have our new R&D centre and there is a lot of interest for the new products that will come out of our R&D centre," says Nadir Godrej, Godrej Agrovet.

20/06/2023 (New Straits Times), Kota Kinabalu - Sabah government will introduce its own policy to regulate oil palm biomass, said Sabah Industrial Development and Entrepreneurship Minister Phoong Jin Zhe.

20/06/2023 (The Sunday Daily), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives snapped five consecutive days of gains to end lower today amid lacklustre trading.

20/06/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures inched up on Tuesday for a sixth straight session as the ringgit weakened and traders fretted about lower output estimates.

20/06/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures rose for a sixth straight session on Tuesday, hovering near a six-week high touched in the previous session, as the ringgit weakened and traders fretted about lower output estimates.

20/06/2023 (The Jakarta Post) - Seeking to avoid the fiasco of finalizing negotiations during next year’s elections in Indonesia, the European Union wants to conclude trade negotiations by the end of this year, while its more controversial deforestation policy, which could hammer Indonesia’s palm oil industry, continues to cast a heavy pall in Jakarta.

20/06/2023 (Fast Markets) - India’s edible vegetable oil imports in May rose 3% from April to 1.053 million tonnes, with palm oil continuing to cede its import share to rivals sunflower and soybean oil, data from the Solvent Extractors Association of India (SEA) showed on Thursday.

19/06/2023 (Free Malaysia Today), Kuala Lumpur - The Malaysian Palm Oil Council (MPOC) has “strongly” urged retailers to remove all products and advertising materials displayed and sold that bear discriminatory logos against palm oil from their premises.