Archived News

28/12/2024 (New Straits Times), Kuala Lumpur - Beginning January, all palm oil dealers will be required to issue purchase receipts for commodities bought from smallholders, with non-compliance resulting in non-renewal of their licences.

26/12/2024 (Bernama), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with a bullish bias next week due to weaker output and lower stock levels, according to palm oil David Ng.

27/12/2024 (New Straits Times), Kuala Lumpur - Malaysian palm oil futures rose on Friday, buoyed by bargain buying and stronger rival edible oils, though weaker export estimates capped gains.

26/12/2024 (Bernama), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower on Thursday following concern over weaker demand in the coming weeks, which might raise the overall stock level in the country, said a dealer.

26/12/2024 (New Straits Times), Kuala Lumpur - Malaysian palm oil futures fell on Thursday after the Christmas break, driven lower by heavy selling and weakness in Dalian palm olein.

26/12/2024 (Cham Analyst News) – Malaysian palm oil futures remained largely unchanged on Tuesday, as profit-taking capped potential gains ahead of the Christmas holiday. The benchmark palm oil contract for March delivery on Bursa Malaysia Derivatives Exchange rose by 13 ringgit, or 0.28, ending the session at 4,555 ringgit ($1,015.83) per metric ton. According to the Malaysian Palm Oil Council (MPOC), crude palm oil futures traded sideways to lower due to profit-taking activities, as traders adjusted their positions before the festive break. The market had experienced at 2.46% gain on Monday, snapping a six-day losing streak. This recovery was largely driven by stronger Dalian soyoil prices and traders capitalizing on cheaper contracts after the recent price declines.

25/12/2024 (ILO News), Northen Sumatra, Southern Sumatra, Riau Islands And Kalimantan, Indonesia - A total of 406 representatives of employers and workers from 210 palm oil enterprises in four regions—Northern Sumatra, Southern Sumatra, Riau Islands and Kalimantan—have participated at the Training of Trainers on Participatory Action-Oriented Training (PAOT), jointly organized by the ILO and the Social Security Provider for Employment (BPJS Ketenagakerjaan). These series of training programmes were held within the months of September and October.

26/12/2024 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures slipped on Thursday after the Christmas break, weighed down by heavy selling and weakness in Dalian palm olein.

24/12/2024 (New Straits Times), Kuala Lumpur - Malaysian palm oil futures slipped on Tuesday as traders booked profits ahead of the Christmas holidays.

25/12/2024 (The Star Online), Jakarta - The Indonesian Palm Oil Association (Gapki) has warned that a plan to increase the levy on crude palm oil (CPO) exports to 10% next year could render local producers less competitive in the international market.

24/12/2024 (Bernama), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives reversed earlier losses to close mixed, following a volatile trading session, said Fastmarkets Palm Oil Analytics senior analyst Sathia Varga.

22/12/2024 (The Borneo Post) - It’s that time of year again —the monsoon season in Malaysia, when the entire country seems to morph into one giant splash zone. Floods dominate the headlines, the east coast is practically submerged, and Sarawak and Sabah are gearing up for their share of soggy days.