Archived News

10/10/2024 (Bernama), Kuala Lumpur - Crude palm oil (CPO) futures on Bursa Malaysia Derivatives continued their downtrend today to close mostly lower for the third consecutive day amid signs of higher stock levels in the country following the Malaysian Palm Oil Board's (MPOB) September 2024 data release, a trader said.

10/10/2024 (Bloomberg), Kuala Lumpur - Bursa Malaysia Bhd, the main exchange for the global palm oil market is considering launching a futures contract for used cooking oil as its demand as a biofuel feedstock grows.

10/10/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures reversed early gains on Thursday as profit-taking weighed on the market following the release of the Malaysia Palm Oil Board’s (MPOB) demand and supply data.

10/10/2024 (Reuters), Kuala Lumpur - Malaysia's palm oil stocks rose more than expected in September to hit an eight-month high, as a sharp fall in local consumption outweighed a modest increase in exports and reduced production, the industry regulator said on Thursday.

10/10/2024 (Business Today) - With the third Budget announcement by Prime Minister Datuk Seri Anwar Ibrahim since taking office is just a week away, palm oil industry player Pacific Inter-Link Sdn Bhd has listed out its wishlist hoping for crucial measures tabled during the session that could strengthen the sector, ensure its sustainability and continue to be globally competitive.

09/10/2024 (Bernama), Kuala Lumpur - Crude palm oil (CPO) futures on Bursa Malaysia Derivatives extended their decline on Wednesday due to profit-taking ahead of the Malaysian Palm Oil Board's (MPOB) September 2024 data due tomorrow, said a trader.

09/10/2024 (South China Morning Post) - The European Union’s decision to delay the implementation of a deforestation law has drawn mixed reactions in Indonesia, the world’s largest palm oil producer. Some farmers expressed concerns that compliance costs would increase due to the postponement, while others see it as an opportunity to raise important issues, such as on national security.

09/10/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures inched higher on Wednesday, reversing earlier losses, as market participants awaited a key official domestic supply and demand data for further direction.

09/10/2024 (Reuters), Jakarta - The Indonesian government is looking to include palm oil on its online tracking system in a bid to improve accountability and governance, senior minister Luhut Pandjaitan said on Wednesday.

09/10/2024 (Business Standard) - Malaysia remains optimistic about palm oil exports to India despite recent import duty hike, with the Malaysian Palm Oil Council (MPOC) Chairman Dato Carl Bek Nielsen emphasizing the long-standing trade relationship between the two countries.

09/10/2024 (Oils & Fats International) - Malaysian oil palm company Kuala Lumpur Kepong (KLK) has formed a joint venture with vegetable oil product and consumer goods firm Alami Commodities to manufacture, market and sell palm oil and speciality fats in the Middle East.

09/10/2024 (The Borneo Post), Kuching - Analysts RHB Investment Bank Bhd (RHB Research) remain upbeat on Sarawak Oil Palms Bhd’s (Sarawak Oil Palms) earnings prospects for its financial years 2024 (FY24) to FY26.