Archived News

01/11/2024 (The Edge Malaysia) - Palm oil rallied for a third day to its highest level in more than two years, on strong demand amid concerns over tightening supply.

03/11/2024 (New Straits Times), Rembau - The Plantations and Commodities Ministry is committed to ensuring all industry players, including oil palm smallholders, obtain Malaysian Sustainable Palm Oil (MSPO) certification.

03/11/2024 (New Straits Times), Iskandar Puteri - Johor has signed an agreement with Japanese food industry leader Fuji Oil Holdings Inc. (Fuji Oil) to build a RM500 million specialized palm oil and fats refinery in Pasir Logok, Kota Tinggi.

01/11/2024 (Chemanalyst) - In late October 2024, global Stearic Acid prices continued to rise due to increased production costs and shortages of feedstock Palm Oil in key Southeast Asian markets, particularly Malaysia and Indonesia. These developments led to higher-priced imports of Stearic Acid across Asia, North America, and Europe

01/11/2024 (Food Business News), Kansas City - Soybean oil futures have been on a rollicking ride during this year’s soybean harvest. On Aug. 16, the nearby CME Group soybean oil futures contract tumbled to a four-year low after a bearish August Crop Production report from the US Department of Agriculture forecast record-high soybean production and yield for the 2024 crop that was even larger than initially anticipated by many in the trade. As a result, soybean oil futures prices fell to multi-year lows, but they didn’t stay there long, even as harvest of the massive domestic crop advanced and stocks began to build.

29/10/2024 (Bernama), Kuala Lumpur - Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher on Tuesday, reaching a two-year high, said Fastmarket Palm Oil Analytics senior analyst Sathia Varqa.

29/10/2024 (New Straits Times), Kuala Lumpur - The government is actively implementing efforts to enhance operational efficiency and yields to empower palm oil smallholders across the country.

29/10/2024 (The Edge Malaysia), Kuala Lumpur - Johor Plantations Group Bhd (KL:JPG) on Tuesday unveiled its 10-year roadmap aimed at transforming the company into a next-generation integrated palm oil producer to lead the palm oil industry.

29/10/2024 (Oils & Fats International) - Higher export duties set to be introduced by leading palm oil producers Malaysia and Indonesia are expected to increase demand for the commodity, according to a report by The Star.

29/10/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures rose on Tuesday, driven by expectations of reduced palm production and lower inventory levels in the country.

29/10/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures traded sideways on Monday, as technical buying and a weaker ringgit limited its losses.

28/10/2024 (Bernama), Kuala Lumpur - Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower today, extending its losses from last Friday, as lower crude oil and soybean oil prices continue to weigh on sentiment, said a palm oil trader.