Archived News

14/03/2023 (New Straits Times), Kuala Lumpur - Companies in the palm oil sector should adopt the concept of Human Rights Due Diligence (HRDD), which is a key tool to support business practices and enhance businesses' positive impact.

13/03/2023 (New Straits Times), Kuala Lumpur - The domestic crude palm oil is expected to trade in the RM3,800-RM4,300 per tonne range this month, driven by the severity of the floods in Johor and its potential impact on Malaysia's palm oil output.

14/03/2023 (The Star Online), Petaling Jaya - Analysts generally have pegged the price of crude palm oil (CPO) to hover around RM4,000 per tonne till April given current strong fundamentals.

13/03/2023 (The Borneo Post Online), Kuching - Analysts believe that mixed earnings for planters in the fourth quarter of 2022 (4Q22) up to February this year was caused by the continuous wet weather.

13/03/2023 (Free Malaysia Today), Petaling Jaya - Research houses have maintained a “neutral” rating on the plantation sector saying crude palm oil (CPO) prices would likely be supported by lower palm oil exports from Indonesia and weaker supply growth from Malaysia.

12/03/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures traded lower in a tight range on Monday, under pressure from weakness in rival Dalian edible oils, although the contract was supported by lower inventories and upbeat export demand.

13/03/2023 (Mizzima) - The edible palm oil reference price set by the Edible Oil Import Storage and Distribution Supervision Committee rose by over 100 kyats from 4,470 kyat per viss (approx. 1.5 Kg) to 4,600 kyat.

13/03/2023 (Business Recorder), Singapore - Palm oil may drop more into a range of 4,006-4,052 ringgit per tonne, driven by a wave c. The fall on March 10 confirmed this wave. A projection analysis reveals a wide target zone from 3,931 ringgit to 4,052 ringgit.

13/03/2023 (The Star Online), Petaling Jaya - The labour woes in the oil palm plantation sector in Malaysia have eased with many planters expecting normalcy by the middle of this year, says Malaysian Palm Oil Association (MPOA) chief executive Joseph Tek.

11/03/2023 (New Straits Times), Sandakan - Sabah continues to be a significant regional palm oil producer, providing livelihood and shared prosperity for all Sabahans, said the Malaysian Palm Oil Association (MPOA).

10/03/2023 (The Star Online), Kuala Lumpur - Malaysia’s total palm oil stocks dropped by 6.56 per cent to 2.11 million tonnes in February 2023 from 2.26 million tonnes recorded in the preceding month, said the Malaysian Palm Oil Board (MPOB).

10/03/2023 (Malay Mail), Kuala Lumpur - Malaysia’s end-February palm oil inventories tumbled to the lowest in six months as production and imports plummeted, data issued by the nation’s palm oil board showed today.