Archived News

13/02/2025 (Oils and Fats International) - The benchmark United Nations’ Food and Agriculture Organization (FAO) Vegetable Oil Price Index dropped by 5.6% in January compared to the previous month.

12/02/2025 (Reuters), Kuala Lumpur - Malaysian palm oil futures rose more than 2% on Wednesday, tracking gains in rival edible oils and buoyed by a supportive US report on world agricultural supply and demand estimates.

12/02/2025 (Bernama), Kuala Lumpur - Malaysia exported 54,665 tonnes of palm oil and palm-based products worth RM288.23 million to Uzbekistan, Kazakhstan, Tajikistan, Kyrgyzstan, and Turkmenistan in Central Asia in 2024, said Plantation and Commodities Deputy Minister Datuk Chan Foong Hin.

12/02/2025 (New Straits Times), Kuala Lumpur - Malaysian palm oil stocks are expected to fall by another seven per cent month-on-month (MoM) to 1.48 million tonnes in February due to continued low production.

12/02/2025 (The Edge Malaysia), Kuala Lumpur - BIMB Securities Research said pure upstream plantation companies, such as Hap Seng Plantations Holdings Bhd (KL:HSPLANT) and Sarawak Plantation Bhd (KL:SWKPLNT), are expected to report stronger earnings for the fourth quarter of 2024 (4Q2024).

12/02/2025 (Antara), Denpasar, Bali - Indonesia's Deputy Minister of Agriculture, Sudaryono, has emphasized the need to improve sustainable palm oil productivity to support the government's priority programs, particularly food and energy self-sufficiency, as well as natural resource downstreaming.

12/02/2025 (News 18) - India’s palm oil imports plunged 65 per cent year-on-year to 2,75,241 tonne in January 2025, the lowest in 13 years, as buyers shifted to cheaper soybean oil, industry body Solvent Extractors Association of India (SEA) said on Wednesday. Total vegetable oil imports dropped 13 per cent to 10.49 lakh tonne in January from 12 lakh tonne a year earlier.

12/02/2025 (Bloomberg), Kuala Lumpur - Palm oil output in Malaysia fell the most since 2016 as heavy rain and floods disrupted harvesting in the world’s second-biggest grower.

10/02/2025 (Bernama), Kuala Lumpur - Malaysia’s palm oil exports in January 2025 slipped 12.94% to 1.17 million tonnes from 1.34 million tonnes in December 2024, according to the Malaysian Palm Oil Board (MPOB).

10/02/2025 (Reuters), Kuala Lumpur - Malaysian palm oil futures rose for the fourth straight session on Monday, after data from the industry regulator showed a decline in the country's stocks and expectations of improving demand added to market's bullish sentiment.

11/02/2025 (Brownfield) - Soybeans were lower on profit taking and technical selling. The USDA left 2024/25 U.S. ending stocks unchanged, while the production guess for Argentina was down and there was no change for Brazil. The USDA did lower its outlook for Paraguay’s crop but left exports steady. Imports by China held at 109 million tons. AgRural says 15% of Brazil’s soybean crop has been harvested, compared to 23% a year ago. CONAB’s updated numbers for Brazil are out Thursday, while the USDA’s next round of supply, demand, and production projections is out March 11th. Soybean meal was lower and bean oil was higher on the adjustment of product spreads, with no adjustments to the domestic balance sheets. Globally, the changes for soybean meal were modest, the USDA did raise the export guess for Brazil, while leaving Argentina unchanged. World soybean oil stocks were unchanged and production was slightly higher on an increase for Brazil.

11/02/2025 (Euro Weekly News), - Spain, the world’s largest producer of olive oil, has seen a significant drop in prices, with costs falling by 55 per cent in the past year, according to The Spanish Ministry of Agriculture.