Archived News

15/07/2024 (The Edge Malaysia) - Palm oil is likely to extend its rally through the second half of the year (2H2024), as the looming onset of La Nina threatens already-strained supplies of the world’s most-consumed cooking oil.

15/07/2024 (New Straits Times), Kuala Lumpur - Malaysia's benchmark crude palm oil futures are expected to average between RM3,850 and RM4,000 (US$823.53 and $855.61) per metric ton this year, a slight increase from the RM3,800 per tonne average in 2023, the Malaysian Palm Oil Association (MPOA) said on Monday.

15/07/2024 (The Sun), Kuala Lumpur - The government does not plan to reinforce the oil palm replanting programme via grants for now, the Ministry of Plantation and Commodities (MPC) said.

15/07/2024 (Business Day) - Worried by the Nigeria dropped from being the largest palm oil producer in the world to the 5th position, the Incorporated Society of Planters (ISP), Africa chapter has planned a maiden symposium to be held in Malaysia.

14/07/2024 (New Straits Times), Kuala Lumpur - Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with a downside bias, given rising output expectation in the coming week, said palm oil trader David Ng.

14/07/2024 (New Straits Times), Kuala Lumpur - FGV Holdings Bhd has introduced its improved Sustainability Framework to support the nation's initiatives in transforming the palm oil industry and achieving broader sustainability objectives.

14/07/2024 (Bastille Post Global) - In a bid to promote Malaysian palm oil to Chinese businesses and consumers, an official from the Southeast Asian country's plantation authority led a delegation to China from July 8 to 12.

14/07/2024 (New Straits Times), Tumpat - The Kelantan Domestic Trade and Cost of Living Ministry foiled an attempt to smuggle cooking oil in packets to Thailand with the seizure of 476kg yesterday.

13/07/2024 (The Star), IPOH - In order to purchase the 1kg subsidised cooking oil packets, customers visiting a sundry shop in Alor Pongsu, Parit Buntar, have been required to buy other items first.

Analysts are maintaining their “neutral” stance on the plantation sector, with pockets of positivity based on a projected increase in crude palm oil (CPO) stockpile in the second half of 2024 (2H24).

Malaysia’s total palm oil stocks increased by 4.35% to 1.83 million tonnes in June 2024 from 1.75 million tonnes in May 2024, according to the Malaysian Palm Oil Board (MPOB).

Malaysian palm oil futures settled higher on Thursday even as an industry regulator said inventories in June surged to a four-month high.