Archived News

19/11/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures closed higher onTuesday, supportedby bargain buying and a recovery in the Dalian palm olein market.

19/11/2024 (Reuters), Kuala Lumpur - Malaysia has raised its December export tax for crude palm oil to 10% from 8% and increased its reference price, a circular on the Malaysian Palm Oil Board website showed on Tuesday.

19/11/2024 (Business Today) - The Malaysian Palm Oil Council (MPOC) today announced the release of a pivotal palm oil report co-authored by Swinburne University of Technology that identifies innovative pathways for the Malaysian palm oil industry’s journey toward carbon neutrality and net zero emissions, according to a press statement circulated by MPOB.

20/11/2024 (The Star), Kuala Kangsar - The first palm oil mill in the world using artificial intelligence (AI) technology has been launched here.

19/11/2024 (The Edge Malaysia), Kuala Lumpur - Malaysia’s exports rebounded in October this year, as growth in deliveries of electronics and palm oil offset sharp contraction in shipments of petroleum, official data on Tuesday showed.

18/11/2024 (Bernama), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower on Monday following a recent price rally due to concerns about weak demand in the coming weeks, a dealer said.

18/11/2024 (Reuters), Kuala Lumpur - Palm oil prices are expected to remain above 4,750 ringgit in November, supported by export supply uncertainties and rising soft oil prices, state agency Malaysian Palm Oil Council (MPOC) said on Monday.

18/11/2024 (The Edge Malaysia), Kuala Lumpur - The Malaysian Palm Oil Council (MPOC) has called on the European Union (EU) to classify Malaysia as a “low risk” country under the EU’s new Deforestation-free Products Regulation (EUDR).

18/11/2024 (Reuters), Jakarta - Indonesia is looking to review the way it sets palm oil export levies to maintain competitiveness against rival edible oils, an official said on Monday, describing it as a regular move to evaluate its trade policy.

18/11/2024 (The Star), Kuala Lumpur - Almost RM10mil is allocated to improve Malaysia’s palm oil perception in Europe, says Deputy Plantations and Commodities Minister.

18/11/2024 (The Star), Petaling Jaya - Johor Plantations Group Bhd (JPG) has appointed Johor Corp’s indirect subsidiary, JL Projects Sdn Bhd, as the project management consortium (PMC) for the construction of an integrated sustainable palm oil complex, worth RM30.99mil.

16/11/2024 (Bernama), BAKU (Azerbaijan) - The Malaysian Palm Oil Council's (MPOC) maiden participation in the 29th Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC-COP29) reflected Malaysia's leading role in sustainable palm oil production.