Archived News
09-03-2023
Malaysia palm oil stocks could fall below two million tonnes by end April, says official
08/03/2023 (Malay Mail), Kuala Lumpur - Malaysia's palm oil stocks could fall below 2 million tonnes by the end of April, which would be the lowest since July, as exports are increasing after Indonesia restricted overseas sales, a senior Malaysian official told Reuters.
09-03-2023
Asian palm oil buyers seek stable export policies from producers
07/03/2023 (Channel News Asia), Kuala Lumpur - The Asian Palm Oil Alliance (APOP), a body of palm oil buyers, want producing countries to make sure they have stable export policies after changes last year caused volatility in the trading of the tropical oil, the head of the group said.
09-03-2023
Coordinated approach needed to iron out issues in palm oil industry
08/03/2023 (The Sun Daily), Kuala Lumpur - A palm oil industry player has called for a coordinated approach to deal with the issues in the palm oil industry, including the treatment of foreign labour in Malaysia.
09-03-2023
Palm oil to trade between RM4,000-RM5,000 a tonne until August- analyst Mistry
08/03/2023 (The Star Online), Kuala Lumpur - Malaysian palm oil is expected to trade between RM4,000 and RM5,000 per tonne from now until August as Indonesia's ambitious biodiesel mandate will keep stocks tight in the first half of 2023, industry analyst Dorab Mistry said on Wednesday.
09-03-2023
Palm oil may test support of 4,225 ringgit
07/03/2023 (Business Recorder), Singapore - Palm oil may test a support of 4,225 ringgit per tonne, a break below which could trigger a drop into 4,153-4,197 ringgit range. The drop on Monday does not look like the second pullback towards the Jan. 3 high of 4,276 ringgit.
09-03-2023
BMD on defensive mode
08/03/2023 (The Star Online), Kuala Lumpur - Malaysia’s regulatory officials and its global partners in the East and West sought to highlight and reinforce Bursa Malaysia Derivatives’ (BMD) price-setting and discovery role for crude palm oil (CPO) prices.
08-03-2023
Palm oil firms must replace old trees or perish, says watchdog
07/03/2023 (Free Malaysia Today), Kuala Lumpur - Malaysia’s palm oil companies must replant their vast hectarage of old, unproductive palm oil trees to overcome stagnant yields and maintain the country’s competitiveness as the world’s second-largest producer, an industry executive said.
08-03-2023
El Nino may hit palm oil output, warns FGV Holdings
07/03/2023 (Free Malaysia Today), Kuala Lumpur - Malaysia’s palm oil output in 2023 could be lower than expected if the El Nino weather pattern develops in the second half of the year as forecast by some weather agencies, the country’s biggest palm oil producer FGV Holdings Bhd told Reuters.
08-03-2023
Malaysia palm oil production, exports expected to rise this year
07/03/2023 (Nikkei Asia) - Crude palm oil production in Malaysia and exports of the commodity are both expected to increase this year, the chairman of the country's stock exchange said on Tuesday, citing an expansion of areas under cultivation and overseas demand.
08-03-2023
Heavy rainfall, floods to affect Malaysia’s 2023 CPO production, says researcher
06/03/2023 (The Edge Market), Kuala Lumpur - Palm oil production in 2023 is expected to be impacted by the current heavy rainfall and flooding phenomenon in parts of Malaysia, said a researcher at the UOB KayHian Palm Oil Outlook Seminar on Monday (March 6).
08-03-2023
India’s palm oil imports may hit 4-year high on lower prices
07/03/2023 (Free Malaysia Today), Kuala Lumpur - India’s palm oil imports could jump 16% in 2022/23 to a four-year high of 9.17 million tonnes, as consumption is set to jump after two years of contraction due to Covid-led lockdowns, a senior industry official told Reuters on Tuesday.
08-03-2023
All-out war against anti-palm oil campaign
07/03/2023 (Free Malaysia Today), Petaling Jaya - The government is working with plantation industry players to counter the negative campaign against palm oil, deputy prime minister Fadillah Yusof said today.