Archived News
31-03-2023
Malaysia keeps CPO export duty flat in April
Malaysia will keep its export duty on crude palm oil (CPO) unchanged at the top rate of 8pc in April for the 28th consecutive month, according to the Malaysian palm oil board.
31-03-2023
Indonesia Maintains Biodiesel Target Despite Slow Start to B35
Indonesia said the ramp-up toward its latest biodiesel mandate has been slow, but the country will stick to its target of producing fuel using a 35% blend of palm oil this year.
31-03-2023
EU expects oilseed output to hit record high in 2023/24
PARIS, March 30 (Reuters) - The European Commission expects 2023/2024 oilseed crops to increase by 7% from the previous year to a record 33.6 million tonnes, mainly because of a larger area sown, it said on Thursday.
31-03-2023
Indo palm oil farmers protest EUDR
JAKARTA: Dozens of palm oil farmers staged a protest rejecting the European Union Deforestation Regulation (EUDR) in front of the European Union Embassy Office in Jakarta.
30-03-2023
Simplify Mill Management
28/03/2023 (Malaysia Kini) - A palm oil mill is the central hub to produce crude palm oil or extract palm kernels for further refining. As the recipient of palm fruits from numerous sources from surrounding estates, then the first step in a long logistical chain downstream, a mill has many moving parts and operational challenges.
30-03-2023
VEGOILS-Palm rises for second day on stronger crude, edible oils
28/03/2023 (Nasdaq), Singapore - Malaysian palm oil futures extended gains on Tuesday to a second session, lifted by stronger Dalian edible oils and overnight gains in crude futures.
30-03-2023
MKH to list palm oil unit on Bursa Malaysia Main Market
29/03/2023 (The Malaysian Reserve) - MKH Bhd has proposed to list its wholly owned subsidiary, MKH Oil Palm (East Kalimantan) Bhd (MKHOP), on the Main Market of Bursa Malaysia by the fourth quarter of this year.
30-03-2023
VEGOILS-Palm oil eases after 2-day rally on fading premium worries
29/03/2023 (Nasdaq), Kuala Lumpur - Malaysian palm futures eased on Wednesday after rising for two straight sessions, as a report highlighting the vegetable oil's fading premium against rival oils weighed on prices.
30-03-2023
Palm Oil Farmers to Call For Boycott of EU Products in Protest of Deforestation Rule
29/03/2023 (Tempo.co), Jakarta - Palm oil farmers that joined in a number of associations stated that they planned to boycott European Union products, starting from Airbus planes, BMW cars, to Nestle goods, if the European Union Deforestation Regulation (EUDR) is not revoked.
30-03-2023
VEGOILS-Palm climbs for third day to one-week peak on output worries
29/03/2023 (Nasdaq), Kuala Lumpur - Malaysian palm futures reversed early gains on Wednesday in anticipation of tightening production, although the rise was capped by a report highlighting the vegetable oil's fading premium against rival oils.
30-03-2023
Record high deforestation hits Sumatra’s ‘orangutan capital’ as palm oil industry expands
28/03/2023 (Eco-Business) - Deforestation associated with oil palm cultivation has declined in recent years in Indonesia, but in a biodiversity haven at the northern tip of Sumatra, the forest is being cleared at record pace, a report shows.
29-03-2023
VEGOILS-Palm oil ticks down after 2-day rally, but output concerns limit losses
KUALA LUMPUR, March 29 (Reuters) - Malaysian palm oil futures slipped on Wednesday after a two-day climb, although expectations of slowing production and strong demand during the Ramadan festival limited losses.