Archived News

PUTRAJAYA: For the first time in history, both Malaysia and Indonesia are on the same page in the efforts to defend the oil palm commodity against the threat posed by the anti-oil palm campaign.

SINGAPORE: Palm oil may retest a resistance at 3,372 ringgit per metric ton, a break above could lead to a gain into the 3,425-3,511 ringgit range.

07/06/2023 (The Borneo Post), Kuching - The Malaysian Institute of Plantation and Commodities (Impac) has produced a total of 2,500 programme trainees for the oil palm sector up to 2022, said Deputy Prime Minister Dato Sri Fadillah Yusof.

07/06/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures jumped on Wednesday, recouping losses from the previous session as it track a surge in rival soyoil prices overnight, but forecasts of growing supply limited gains.

07/06/2023 (Business Day) - Nigeria’s Palm Oil imports from Malaysia – a top global producer have surged by 353 percent in the first four months of 2023 despite local players ramping up production, data from the Malaysian Palm Oil Council shows.

07/06/2023 (Euractiv) - The EU’s new deforestation law was hailed as watershed in the fight to protect the world’s forests. So why is it provoking such a fierce backlash in Indonesia and Malaysia? In the wake of a high-level meeting in Brussels last week, Giorgio Budi Indrarto charts what went wrong, and how to rectify it.

07/06/2023 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures were virtually unchanged on Wednesday, weighed by forecasts of growing May inventories and production.

07/06/2023 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures jumped on Wednesday, recouping losses from the previous session as it track a surge in rival soyoil prices overnight, but forecasts of growing supply limited gains.

06/06/2023 (Reuters), Mumbai - India's palm oil imports sank to a 27-month low in May as buyers cancelled expensive cargoes of the edible oil and replaced them with cheaper soyoil and sunflower oil, six dealers told Reuters on Tuesday.

06/06/2023 (Malay Mail), Kuching - Sarawak shared its comprehensive plans to tackle energy transition and the climate crisis during the International Sustainable Palm Oil Forum (ISPOF) at the Caledonian Club in London recently.

06/06/2023 (Channel News Asia), Kuala Lumpur - Malaysia's palm oil inventories at the end of May are expected to rise as production swells to its highest so far this year while exports remain flat, a Reuters survey showed on Tuesday.

06/06/2023 (The Sun Daily) - The palm oil industry must be in tune with technological advancements as it is a crucial enabler in complying with the European Union’s Deforestation Regulation (EUDR).