Archived News

03/07/2024 (The Star) - The Malaysian Palm Oil Council (MPOC) hosted a delegation from the United Kingdom, to showcase the industry’s sustainable practices and socio-economic contributions.

03/07/2024 (The Star), Petaling Jaya - TA Research is maintaining a “neutral” call on the plantation sector with no changes to its crude palm oil (CPO) price assumptions of RM4,000 per tonne for 2024 and RM3,800 per tonne for 2025.

02/07/2024 (Free Malaysia Today), Kuala Lumpur - Plantation and commodities minister Johari Ghani has proposed that the windfall tax derived from the country’s palm oil industry be channelled back to oil palm growers for replanting.

02/07/2024 (Reuters), Jakarta - Malaysian palm oil futures closed higher, extended gains to a fifth consecutive session on Tuesday, underpinned by concerns about weak production and tracking a rise in rival oils.

02/07/2024 (The Edge Malaysia), Kuala Lumpur - India's palm oil imports rose by 3% in June from the previous month to reach the highest level in six months on robust demand from refiners for upcoming festivals and as the oil traded at a discount to rival oils, five dealers told Reuters.

02/07/2024 (New Straits Times), Kuala Lumpur - Johor Plantations Group Bhd (JPG) saw a substantial rise in its net profit, surging by 111.5 per cent to RM49.5 million in the first quarter ending March 31, 2024 (1Q24), compared to RM23.4 million in the same period a year ago.

01/07/2024 (Reuters), Jakarta - Malaysian palm oil futures extended gains for the fourth straight session on Monday, underpinned by worries over subdued production and tracking rival edible oils higher.

01/07/2024 (Bloomberg) - A drone buzzes between trees on a humid Malaysian morning, monitoring the oil palm fruits as they ripen. Self-driving trucks rumble over the vast plantation’s uneven ground, laying fertilizer and picking up the densely packed harvested bunches.

01/07/2024 (Fastmarkets) - This came with an ample supply of soybean oil, a relatively significant price differential between soybean oil and sunflower oil, and falling prices for other vegetable oils, combining to put pressure to the entire complex and encouraging buyers to turn to alternatives.

01/07/2024 (Barchart) - Soybeans found some assistance from bean oil on Monday, as futures were up 7 to 12 ½ cents across most contracts. Soymeal were up $3 to $5.20/ton in the nearbys, but down 90 cents to $3.10 across the other contracts. Soy Oil futures were up 168 to 206 points on some help from crude oil.

01/07/2024 (Malay Mail), Madrid - Olive oil producers are improving irrigation and seeking new varieties of olives to safeguard production as climate change upends harvests, causing prices of the staple of the Mediterranean diet to soar.

01/07/2024 (InfoSAWIT), Jakarta - Reference price of crude palm oil oil ( CPO) to decide out fee (OF) and tariff on Palm Oil Oil Plantation Fund Management Agency (PFMA) or known as levy in July 2024 would be US$ 800,75/metric ton (MT). The numbers got escalated US$ 21,93 or 2,82 percent from June 2024 that were US$ 778,82/MT.