Archived News

11/10/2024 (The Edge Malaysia) - India's palm oil imports in September fell by nearly a third from a month ago because of higher prices, hitting a six-month low, while sunflower oil imports plunged to a ten-month low, a leading trade body said on Friday.

13/10/2024 (New Straits Times), KUALA LUMPUR - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with a positive bias next week on the back of strong export performance, a trader said.

14/10/2024 (The Edge Malaysia) - The Malaysian palm oil industry is undergoing a transformative journey towards sustainability. Having faced criticism in the past, the sector has been making great strides in prioritising environmental, social and governance (ESG) factors through a range of pioneering initiatives that go beyond regulatory compliance.

12/10/2024 (Biodiesel Magazine) - The USDA maintained its forecast for 2024-’25 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released Oct. 11. The outlook for soybean oil prices is also unchanged.

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.