Archived News
08-06-2023
Palm oil little changed as forecast of strong supply weighs
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.
08-06-2023
Palm oil rebounds on soyoil strength, rising supply caps gains
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.
07-06-2023
India's palm oil imports hit 27-month low, buyers pick cheaper soft oils - dealers
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.
07-06-2023
Sarawak shares comprehensive energy transition, climate crisis plans at London palm oil forum
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.
07-06-2023
Malaysia's end-May palm oil stocks seen rising as output hits 5-month high
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.
07-06-2023
Technology key to palm oil industry’s compliance with EU deforestation regulation
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).
07-06-2023
Malaysia’s end-May palm oil stocks seen rising
07/06/2023 (The Daily Star) - 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.
07-06-2023
VEGOILS-Palm eases after two-day surge, weaker ringgit limits losses
06/06/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures fell on Tuesday after two consecutive sessions of gains, with traders awaiting an industry survey on May inventories, while a softer ringgit lent some support to the market.
07-06-2023
VEGOILS-Palm ends lower on prospects of higher May stockpiles, output
06/06/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures closed lower on Tuesday after a survey forecast higher stockpiles as production swelled to a five-month high, while a softer ringgit lent some support to the market.
06-06-2023
UK set to recognise Malaysian Sustainable Palm Oil certification, says DPM
02/06/2023 (The Star Online), London - Deputy Prime Minister Datuk Seri Fadillah Yusof's official visit to the United Kingdom (UK) ended on a high note as policymakers here have given their commitment to recognise the Malaysian Sustainable Palm Oil (MSPO) certification in the country's due diligence guidelines for ensuring commodities entering the country are sustainable.
06-06-2023
Palm oil production seen surging in Malaysia as workers return
02/06/2023 (Free Malaysia Today), Kuala Lumpur - Palm oil supply in Malaysia is set to soar as a labour crunch eases in the world’s second-biggest producer, paving the way for a bumper crop in the second half of the year, said a senior plantation executive.
06-06-2023
Palm oil mission ends on high note with UK set to recognise MSPO
03/06/2023 (Free Malaysia Today) - Deputy prime minister Fadillah Yusof’s official visit to the United Kingdom (UK) ended on a high note as policymakers here have given their commitment to recognise the Malaysian Sustainable Palm Oil (MSPO) certification in the due diligence guidelines for ensuring that commodities entering the country are sustainable.