Archived News

19/04/2023 (New Straits Times), Kuala Lumpur - The Malaysian Palm Oil Council (MPOC) is optimistic that Malaysia can maintain and even grow its palm oil market share in India, Europe, Central Asia and the Middle East.

19/04/2023 (China Dialogue) - India’s ambitious drive to expand domestic palm oil production fails to consider the subcontinent’s changing climate, analysis shows. It’s an oversight which may derail the country’s plans to become self-sufficient in the oil.

20/04/2023 (The Manila Times) - PALM oil is one of the biggest agricultural commodities in Southeast Asia, and up until a couple of years ago, was viewed — despite there being no rational justification for doing so — as a key ingredient in various emissions-reduction ideas, such as using it as an additive in diesel fuel. However, with much of the rest of the world slowly coming to the realization that palm oil is actually environmentally horrifying, a potential economic headache is brewing for two of the Association of Southeast Asian Nations' (Asean) biggest economies and the largest producers of the stuff — Indonesia and Malaysia.

19/04/2023 (Zee Business) - Palm oil prices continue to remain bullish amid reports of lower production in Indonesia – the largest producer of palm oil in the world – and other variables such as higher demand, Islamic month fasting Ramadan, DMO (domestic market obligation) restrictions by the Indonesian government, and other geo-political issues, experts told Zee Business.

19/04/2023 (Nasdaq), Singapore - Malaysian palm oil futures rose on Wednesday, extending gains for a second session on the back of strength in rival vegetable oils.

19/04/2023 (Business Recorder), Singapore - Malaysian palm oil futures edged higher on Wednesday, extending their climb for a second session, as the benchmark contract tracked gains in rival vegetable oils.

19/04/2023 (Business Recorder), Singapore - Malaysian palm oil futures finished lower on Wednesday, as a sharp drop in crude prices weighed on sentiment, while profit-taking and the off-loading of positions ahead of the long weekend added pressure.

19/04/2023 (Business Recorder), Singapore - Palm oil may extend gains into a range of 3,864-3,934 ringgit per tonne, driven by a wave C. The strong rise on Tuesday confirmed this wave, which is capable of travelling into a wide range of 3,864-4,007 ringgit.

THE FEDERATION of Philippine Industries (FPI) urged the government to review its policy of allowing the tax-free importation of palm oil, citing the adverse impact on the domestic coconut industry.

Malaysian palm oil futures rose more than 3% on Tuesday, tracking strength in related edible oils amid threats to the Black Sea grain corridor deal, while a weaker Malaysian ringgit lent some support.

SINGAPORE: Palm oil may retest a support at 3,577 ringgit per tonne, a break below which could cause a fall to 3,520 ringgit.

There has been a sharp spike in edible oil imports during the first five months of the current oil year (November-December) due to softening global prices of palm, soybean and sunflower oils.