Archived News

23/11/2024 (The North Africa Post) - Libya has been elected to chair the International Olive Council (IOC), formerly the International Olive Oil Council, for a one-year term.

21/11/2024 (Bernama), Kuala Lumpur - Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower on Thursday, pressured by expectations of weaker domestic demand, according to market sources.

22/11/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures closed lower for a second consecutive session on Thursday, as fears of US tariffs imposed on China and muted demand for palm sparked a sell-off in the vegetable oils market.

21/11/2024 (Bernama), Kuala Lumpur - BMI, a Fitch Solutions company, has forecast an annual average palm oil price of RM3,900 per tonne in 2025, down from an estimated RM4,050 per tonne in 2024.

21/11/2024 (ANTARA), Jakarta - The Industry Ministry stated that the palm oil processing industry helped to improve productive business activities, especially in the remote, frontier, and outermost (3T) areas.

21/11/2024 (Biodiesel Magazine) - The Iowa Biodiesel Board is celebrating a milestone in the adoption of biodiesel blends, with sales in 2023 reaching 486.5 million gallons, nearly tripling from the 160.8 million gallons recorded in 2007. The news comes from the state’s new Biofuel Tax Credits Program Evaluation Study, published by the Iowa Department of Revenue.

20/11/2024 (The Edge Malaysia), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower on Wednesday following concerns over an expectation of weaker demand in the coming weeks, which might raise the overall stock level in the country, said a dealer.

20/11/2024 (The Edge Malaysia), Kuala Lumpur - Hap Seng Plantations Holdings Bhd (KL:HSPLANT) logged its highest quarterly net profit in nearly three years boosted by strong palm oil prices and lower operating expenses but flagged rising costs ahead.

19/11/2024 (The Edge Malaysia), Kuala Lumpur - SD Guthrie Bhd (KL:SDG), formerly known as Sime Darby Plantation Bhd, reported a 36.75% drop in net profit for the third quarter on Wednesday due to the absence of a gain on land disposal, despite higher crude palm oil (CPO) prices.

20/11/2024 (Chemanalyst.news) - The Indonesian government is currently considering a review of the export levy on Crude Palm Oil (CPO), which is presently set at 7.5%, according to the several media reports. Dida Gardera, Deputy of Food and Agribusiness Coordination at the Coordinating Ministry for Economic Affairs, emphasized that the review is crucial to ensure two main objectives: enhancing farmer welfare by raising Fresh Fruit Bunch (FFB) prices while ensuring the global competitiveness of CPO prices.

20/11/2024 (New Straits Times), Jerantut - Felda settlers are reaping a windfall, earning up to RM20,000 a month thanks to the surge in oil palm prices.

19/11/2024 (Bernama), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher on Tuesday, tracking stronger soybean oil prices on the Chicago Board of Trade (CBOT), said Palm oil dealer David Ng.