Archived News

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.

30/06/2024 (Malay Mail), Putrajaya - As 2024 marks five decades of diplomatic relations between Putrajaya and Beijing, it’s noteworthy that Malaysia holds the distinction of being China’s inaugural palm oil exporter, a milestone achieved in the mid-1980s.

30/06/2024 (The Borneo Post), Kota Kinabalu - Malaysia’s first facility utilizing refined palm oil by-products to produce tocotrienols is under construction in Kunak.

28/06/2024 (Financial Times) - Sales of olive oil have plunged in its Mediterranean heartland as Spaniards and Italians shunned their most beloved culinary ingredient following steep price rises.

28/06/2024 (Energy News) - Brazil, the world’s second largest soybean oil exporter, could see its exports come to a halt in the next few years due to growing domestic demand for biodiesel. Biodiesel blending mandates are reaching record levels, increasing domestic consumption of soybean oil, the main ingredient in this biofuel. Biodiesel is developing rapidly in Brazil, and the country imports foreign biodiesel alongside its own production.

27/06/2024 (The Edge Malaysia), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher on Thursday on concerns over weaker-than-expected palm oil production going forward, said a trader.

27/06/2024 (Business Today) - The MPOC collaborated with the European Forest Institute (EFI) and key stakeholders to discuss preparations, challenges, and solutions for EU operators and Malaysian exporters to comply with the EU Deforestation Regulation (EUDR). With the compliance deadline of December 30, 2024, approaching, EU operators and traders must ensure that products entering the EU are deforestation-free and produced according to relevant local laws.

27/06/2024 (Selangor Journal), Kuala Lumpur - The Malaysian Palm Oil Board (MPOB) will launch innovative technologies and services in conjunction with the Transfer of Technology (TOT) MPOB on July 4.

27/06/2024 (The Edge Malaysia), Kuala Lumpur - United Malacca Bhd (KL:UMCCA) on Thursday reported a 77.81% rise in quarterly net profit to RM15.3 million from RM8.6 million a year earlier, driven by stronger revenue contributions from its main business segments which offset losses from its investment activities.