Archived News

11/09/2024 (The Edge Malaysia), Kuala Lumpur - The plantation sector is facing increasing pressure, as crude palm oil (CPO) loses its traditional price edge over soybean oil, raising concerns about palm oil's future competitiveness, analysts said.

11/09/2024 (Bernama), Rotterdam - The Malaysian Palm Oil Board (MPOB) is actively developing technology solutions to help smallholders meet the additional requirements of the European Union Deforestation Regulation (EUDR).

11/09/2024 (Azernews) - Azerbaijan has maintained its palm oil imports from Southeast Asia in 2024, purchasing 23,818 tons in the first half of the year—a slight increase of 0.6% compared to last year. However, the cost of crude palm oil has decreased by 3.2% due to lower prices, Azernews reports.

11/09/2024 (Oils & Fats International) - Researchers have found that olive mill wastewater (OMW) – a bitter-tasting and previously discarded by-product of the production process – has protective and anti-inflammatory properties, The Guardian reported.

10/09/2024 (Reuters), New Delhi - Malaysian palm oil futures fell on Tuesday after data showed inventories in the world's second-largest producer rose more than expected last month.

10/09/2024 (The Edge Malaysia), Rotterdam - Malaysia has consistently taken proactive steps to ensure that the environmental sustainability of its palm oil industry meets European standards and deforestation regulations, said Ministry of Plantation and Commodities (KPK) secretary-general Datuk Yusran Shah Mohd Yusof.

10/09/2024 (Eco-Business) - Industrial waste is often treated in most sectors as a disposal challenge, but agribusinesses have long leveraged on the organic by-products of their crops as valuable resources. Malaysia’s palm oil companies are no exception, using regenerative agricultural techniques such as mulching and organic composting to enrich the soil and improve yields.

10/09/2024 (Scandasia) - A new EU law set to take effect on December 30 has sparked concern in Indonesia’s palm oil industry. Eddy Martono, head of the Indonesian Palm Oil Association (GAPKI), told The Financial Times that the regulation could cause chaos if implemented without delay.

10/09/2024 (Reuters), Dubai - The lowest offer presented at an Egyptian state purchasing tender for vegetable oils on Tuesday was $1,036 per metric ton cost and freight (c&f) for 12,000 tons of soyoil, traders said.

09/09/2024 (Bernama), Kuala Lumpur - Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower on Monday as it tracked the weakness of the soybean oil market on the Chicago Board of Trade (CBOT), according to palm oil trader David Ng.

09/09/2024 (Reuters), New Delhi - Malaysian palm oil futures ended lower on Monday after a sell-off in rival soyoil, while the market awaits the Malaysian Palm Oil Board's widely watched data on output and inventories.

09/09/2024 (Business Today) - Indonesia is considering a reduction in export levies on crude palm oil (CPO) and palm derivatives, a move expected to positively impact regional planters. The proposal aims to enhance price competitiveness against rival vegetable oils by simplifying levies to a flat rate of 7.5% for CPO, 4.5% for RBD Palm Oil and RBD Palm Olein, and 3% for biodiesel. This follows recent relaxations in domestic market obligation (DMO) rules, which are anticipated to benefit exporters as well.