Archived News

07/03/2023 (The Star Online), Kuala Lumpur - Demand for Malaysia’s palm oil is forecast to notch higher to 19.85 million tonnes this year from 19.01 million tonnes in 2022 as exports are set to grow to 16.44 million tonnes from 15.73 million tonnes previously.

07/03/2023 (Devdiscourse) - Malaysia palm oil companies must replant its vast hectarage of old, unproductive palm oil trees to overcome stagnant yields and maintain its competitiveness as the world's second-largest producer, an industry executive said on Tuesday.

07/03/2023 (Reuters), 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.

KUALA LUMPUR: Demand for Malaysia’s palm oil is forecast to increase to 19.85 million tonnes this year from 19.01 million tonnes in 2022 with exports set to grow to 16.44 million tonnes from 15.73 million tonnes previously

KUALA LUMPUR: The Ministry of Plantation and Commodities (KPK) and related agencies will continue to enhance the export of palm oil downstream products and its derivatives.

KUALA LUMPUR: Palm oil production may be impacted if heavy rain continues into the second quarter, said one industry player.

MUMBAI/NEW DELHI, March 6 (Reuters) - India, the world's biggest importer of vegetable oils, is considering raising its import duty on palm oil to help support local farmers reeling from a crash in domestic rapeseed prices, government and industry officials said on Monday.

KUALA LUMPUR, March 6 (Reuters) - The European Union's deforestation law is unlikely to have a meaningful impact on demand for Southeast Asian palm oil as the surplus is shrinking amid rising consumption from developing countries, a leading industry analyst said on Monday.

SINGAPORE: Malaysian palm oil futures fell on Monday, snapping a three-session rally, as significant profit-taking, weaker rival vegetable oils, and lower crude prices weighed on prices.

SINGAPORE: Palm oil may climb into a range of 4,418 ringgit to 4,459 ringgit, as it has broken a resistance at 4,343 ringgit per tonne. The resistance is identified as the 161.8% projection level of a wave 3 from 3,851 ringgit.

02/03/2023 (Malay Mail), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is at the highest level in four months, said Fastmarkets senior analyst Sathia Varqa.

03/03/2023 (Borneo Post Online), Serian - The government is committed to helping smallholders to obtain the Malaysian Sustainable Palm Oil Certification (MSPO) for sustainable palm oil production, says Deputy Minister of Food Industry, Commodities and Regional Development, Martin Ben.