Archived News

24/09/2024 (The Star), Petaling Jaya - The competitiveness for Malaysia’s downstream palm oil products will decrease following the move by Indonesia to amend its export tax policy for crude palm oil (CPO) and refined palm oil export, says RHB Research.

23/09/2024 (The Edge Malaysia), Mumbai - Indian refiners cancelled 100,000 metric tons of palm oil purchases for delivery between October and December, as New Delhi's move to raise import duties due to a rally in overseas prices prompted them to book profits, five trade officials told Reuters.

23/09/2024 (The Bridge Chronicle), Pune - As the festive season approaches, consumers are facing a significant surge in the prices of essential commodities, particularly edible oils and coconut products.

23/09/2024 (Biofuels International) - Imports of biodiesel from China dropped to 9,835 mt in July down from 109,457 mt in June.

20/09/2024 (New Straits Times), Kuala Lumpur - SD Guthrie Bhd has delivered its first shipments of 40,250 tonnes of palm oil to Europe and the United Kingdom that is fully compliant with the European Union's Deforestation Regulation (EUDR).

21/09/2024 (New Straits Times), Kuala Lumpur - Public Investment Bank Bhd (PublicInvest Research) has kept a "neutral" call on the plantation sector with a full-year crude palm oil (CPO) forecast of RM3,800 per tonne.

20/09/2024 (The Edge Malaysia), Mumbai - Malaysian palm oil is likely to trade between RM3,700 to RM4,500 a metric tonne from now until June, as demand is expected to be buoyant during the Chinese Lunar New Year and the holy month of Ramadan, industry analyst Dorab Mistry said.

20/09/2024 (PRNewswire), New York - Following the success of the June event dedicated to journalists, opinion leaders and food professionals, the EU Olive Oil project returned to New York to participate in the Plant Based Expo (Sept. 11-12), the benchmark event in the United States for 100% plant-based products.

20/09/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures rose for a third straight session on Friday and logged a weekly gain, buoyed by strength in rival Dalian contracts, though weaker crude oil prices, a firmer ringgit and demand concerns capped the rise.

19/09/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures extended gains to a second consecutive session onThursday, underpinned by firmer soyoil prices and production concerns in the world's second-biggest producer.

19/09/2024 (Reuters), Jakarta - The world's biggest palm oil exporter Indonesia will introduce a new set of monthly levies in a bid to improve competitiveness against rival edible oils, a regulation published on Thursday by its finance ministry showed.

19/09/2024 (Reuters), Mumbai - Indonesia's palm oil exports are expected to decline in 2024 due to increased domestic consumption because of a higher biodiesel blending mandate and a slight decrease in production, an industry official told Reuters on Thursday.