Archived News

05/10/2024 (The Edge Malaysia), Kuala Lumpur - Although the palm oil sector has been the backbone of the Malaysian economy for over five decades, in recent years it has been beset by a myriad of problems, from rising production costs to stagnating yields to labour shortages.

04/10/2024 (Bernama), Islamabad - Prime Minister Datuk Seri Anwar Ibrahim’s three-day state visit to Pakistan secured potential trade deals worth RM2.65 billion, according to Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

04/10/2024 (Biofuels International) - The US biofuel market is experiencing dynamic growth, making canola cultivation increasingly attractive for farmers in the northern US.

05/10/2024 (Bernama), Kuala Lumpur – The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with an upward bias amid rising crude oil and soybean oil prices, a dealer said.

03/10/2024 (New Straits Times), Kuala Lumpur - The 2025 Budget may see the inclusion of two key proposals on the plantation sector namely a revision on the windfall profit levy on palm oil and additional allocations for palm oil replanting programme.

03/10/2024 (Bernama), Kuala Lumpur - Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed mostly lower on Thursday, driven by profit-taking following a recent price rally.

04/10/2024 (Bernama), New Delhi - India will spend 101 billion rupees (US$1.2 billion) over the next seven years to reduce its dependence on edible oil imports.

03/10/2024 (Reuters), Mumbai - India's palm oil imports in September fell by nearly a third compared to the previous month, hitting a six-month low as a surge in tropical oil prices made it more expensive than rival oils, forcing refiners to postpone purchases, five dealers said.

03/10/2024 (Reuters), Madrid - Olive oil exporters in Spain, the world's biggest producer, have warned there are no viable alternative routes to the lucrative U.S market amid a strike at U.S. East and Gulf Coast ports.

03/10/2024 (Barchart) - Soybeans are trading with just fractional losses on Thursday’s midday, after double digit losses earlier in the morning. CmdtyView’s national front month Cash Bean price is down 1/2 cent at $9.93 1/2. Soymeal is down $3.80-$4.10/ton across the front months but off the lows. Soy Oil futures are up 108 points in the December contract.

02/10/2024 (Bernama), Kuala Lumpur – Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed higher on Wednesday due to the escalation of tension in the Middle East, said a dealer.

02/10/2024 (Responses Source) - DAABON UK, part of the DAABON group, a global leader in sustainable agriculture, has launched the world’s first carbon-neutral organic palm oil.