Archived News

05/12/2024 (Mizzima News) - The reference price of edible palm oil set by the junta is continuously rising while the price is also rising in the open market.

04/12/2024 (Bernama), Kuala Lumpur – The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives reversed yesterday’s gains to end lower today in anticipation of sluggish export demand.

04/12/2024 (New Straits Times), Kuala Lumpur - Plantation companies recorded a mixed performance in the third quarter (Q3) earnings season, weighed down by lower crude palm oil (CPO) production, research firms said.

04/12/2024 (OFI Magazine) - The first palm oil mill in Malaysia to use artificial intelligence (AI) was launched by Malaysia’s Plantation and Commodities Minister Johari Abdul Ghani on 19 November, The Star reported.

04/12/2024 (Chemical Analyst News) - Malaysian palm oil futures posted modest gains on Tuesday, driven by escalating supply concerns linked to severe flooding in peninsular Malaysia and a significant increase in Indonesia’s export tax and levy. However, an anticipated dip in November exports tempered the upward momentum.

04/12/2024 (Food and Drink Technology) - Krohne’s specialised measurement solutions for the food and beverage industry enable edible oil producers to improve hygienic procedures.

03/12/2024 (New Straits Times), Jakarta - Malaysian palm oil futures rose on Tuesday, underpinned by supply concerns due to floods in peninsular Malaysia and a higher Indonesian export tax and levy in December, but an expected decline in November exports capped gains.

03/12/2024 (The Manila Times), Jakarta - IAT (Singapore) Technology Pte. Ltd. (IAT), a leading provider of professional Near-Infrared (NIR) analysis products and services, has signed a Memorandum of Understanding (MoU) with the Aspekpir (Aspek Perkebunan Inti Rakyat or Nucleus-Plasma Plantation Partnerships). This partnership aims to revolutionize quality analysis in the palm oil industry. With its flagship product, the IAS-6100, IAT introduces advanced technology capable of delivering real-time data in less than two minutes, offering highly accurate assessments of oil palm fruit and its by-products.

03/12/2024 (Bernama), Kuala Lumpur – Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher today, with the futures trying to find support at the RM5,000 a tonne level.

03/12/2024 (The Edge Malaysia), Mumbai - India's edible oil imports in November jumped to their highest level in four months as refiners raised purchases of palm oil, soyoil and sunflower oil to replenish inventories after robust demand during festival season, five dealers said.

03/12/2024 (Business Recorder), Jakarta - Malaysian palm oil futures rose on Tuesday, tracking strength in Dalian palm oil prices and Chicago soyoil, while supply concerns due to floods in peninsular Malaysia and a higher Indonesian export tax and levy in December adding support.

02/12/2024 (Bernama), Kuala Lumpur – The Council of Palm Oil Producing Countries (CPOPC) must actively develop strategic plans to address the persistent regulatory challenges faced by palm oil-producing nations, urged Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani.