Archived News

15/06/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures on Thursday tracked rival soyoil prices higher for a third consecutive session, although bigger stockpiles and weak demand capped the gains.

15/06/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures traded in a tight range on Thursday as traders weighed bigger May stockpiles against concerns over weak demand and dry weather hitting production.

15/06/2023 (Nasdaq), Jakarta - Indonesia's palm oil exports, including refined products, fell 1.93% annually to 2.13 million tonnes in April, data from the Indonesian Palm Oil Association showed on Thursday.

14/06/2023 (The Star Online), Kuala Lumpur - The palm oil industry has the potential to lead in sustainable agricultural practices, said Malaysian Palm Oil Council (MPOC) chairman Datuk Carl Bek-Nielsen.

15/06/2023 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures rose on Thursday for a third consecutive session, lifted by concerns over hot weather cutting output of both the edible oil and rival U.S. soybeans.

14/06/2023 (The Hindu Business Line) - In April 2022, Indonesia (one of the major palm oil producers in the world) announced a ban on the export of palm oil, which resulted in a shortage of edible oils in the global market. It also proved to be a turning point for Thailand, which till then was a minor supplier of crude palm oil (CPO) to India.

14/06/2023 (The Borneo Post), Kuala Lumpur - The implementation of the European Union Deforestation-free Regulation (EUDR) will not affect Malaysia’s palm oil growth and revenue as European Union imports are insignificant compared to other countries.

14/06/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures surged on Wednesday for a second straight session, hitting a two-week high, tracking a rally in rival edible oils underpinned by concerns over dry weather conditions.

14/06/2023 (The Star Online), Petaling Jaya - The soft demand for crude palm oil (CPO) could potentially lead to higher stockpile expectations in the near future.

14/06/2023 (Free Malaysia Today), Petaling Jaya - Retail king Ameer Ali Mydin has urged Putrajaya to consider scrapping the subsidies on cooking oil, while welcoming the decision to maintain subsidies on chicken and eggs.

15/06/2023 (Live Mint) - The government has lowered import duty on refined soyoil and refined sunflower oil to 12.5% from 17.5%, which will come into effect from Thursday, according to a government notification.

13/06/2023 (The Star Online), Kuala Lumpur - The adoption of mechanisation in Malaysia’s oil palm plantations is still relatively low at less than 50 per cent for overall field activities, and less than 15 per cent for harvesting, according to the Malaysian Palm Oil Board (MPOB).