Archived News

KUALA LUMPUR, Feb 27 (Reuters) - Malaysian palm oil futures edged lower for a second consecutive session on Monday as traders booked profits, but robust exports and a weaker ringgit kept losses in check.

23/02/2023 (Bangkok Post) - Crude palm oil exports may reach 1 million tonnes this year, up from 919,000 tonnes last year, driven by a higher supply of oil palm and strong demand from India and China, according to the Commerce Ministry.

24/02/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures ended lower on Friday after trading in a tight range, although the contract recorded a third straight weekly jump, underpinned by concerns over tight supply amid improving demand.

26/02/2023 (The Daily Star) - Wholesale and retail prices of palm oil in Dhaka have increased by Tk 8 to Tk 10 per litre in the last couple of days, which importers and traders say was caused by price rises in international markets and a reduction in supply.

23/02/2023 (Health Shots) - Palm oil is not typically people’s first choice when choosing a cooking oil, yet it is frequently used. This edible vegetable oil is a subject of debate for both environmental and health-related concerns. Hence, if you’re unsure whether to get rid of it or consume palm oil, let’s help you decide.

23/02/2023 (Dawn), Karachi - Amid looming shortages in Ramazan due to a host of reasons mainly restrictions on palm oil imports, the PMLN-led coalition government has dire­cted provincial governments to provide monthly ghee and cooking oil consumption data and the number of mills in operations.

26/02/2023 (Daily Express) - RECENTLY, the United States enacted a law called the Inflation Reduction Act allocating USD374 billion in green incentives to tackle the climate crisis. The implementation of this law is intended to trigger a boom in clean energy, creating thousands of jobs.

24/02/2023 (Bugarian Military.com), Kuala Lumpur - The winner of the tender for 18 Royal Malaysian Air Force [RMAF] Light Attack Aircraft [LCA] has been announced. The winner of the tender with a budget of about 900 million dollars, for which six companies submitted bids, is the South Korean company KAI.

KUALA LUMPUR: There will be no new land clearing or deforestation for oil palm plantations, says Deputy Prime Minister Datuk Seri Fadillah Yusof.

PETALING JAYA: Malaysia must make it a priority to counter negative campaigns against its commodities, particularly palm oil, by the western media, says deputy prime minister Fadillah Yusof.

Malaysian palm oil futures rose 1% on Thursday, trading near a seven-week high scaled in the previous session, as higher crude oil prices made palm a more attractive option for biodiesel feedstock.

THE Malaysian Palm Oil Board (MPOB) always ensures that palm oil production does not affect the environment and wildlife in the country.