Archived News

22/02/2023 (Business Recorder) - Malaysian palm oil futures ended lower on Tuesday on profit-taking after a three-day rally tracking weakness in rival edible oil prices, although concerns over potentially lower production limited losses.

21/02/2023 (New Straits Times), Kuala Lumpur - Boustead Plantations Bhd (BPB) registered a revenue of RM1.2 billion for the financial year December 31, 2022 (FY22) from RM1.1 billion gained in FY21.

20/02/2023 (Zawya), Egypt - Minister of Trade and Industry Ahmed Samir has met with a delegation of one of the largest Malaysian companies, which is currently visiting Egypt, to discuss investment opportunities in the field of palm oil.

19/02/2023 (Jakarta Globe), Jakarta - The B35 policy -- which increases the palm-oil based biodiesel blend from 30 percent to 35 percent -- could increase domestic demand for palm oil by 2 million tons, an industry executive has said.

A DELEGATION from Quanzhou, China recently met with the Malaysian Palm Oil Board (MPOB) to procure palm oil to fulfil China’s demand for peak food production season in the third quarter of this year (3Q23). 

JAKARTA, Feb 20 (Reuters) - Malaysian palm oil futures rose for a third consecutive session on Monday, tracking strength in rival edible oils in China and crude oil.

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives (BMD) ended higher today as a bullish recovery from last week continued, said a dealer.

KUALA LUMPUR: Sime Darby Plantation Bhdhttps://cdn.thestar.com.my/Themes/img/chart.png's outlook remains challenging as it faces pressure on its margins amid the prospect of softer palm oil prices in 2023.

Soybean prices have seen some positive movement recently due in large part to weather conditions impacting the South American soybean crop.

Jakarta (ANTARA) - UD Trucks Indonesia supports the government's policy on using B35 biodiesel, under the commitment to address the impacts of climate change as stated in the Conference of the Parties (COP)-27 of the UNFCCC in Egypt.

Malaysian palm oil prices have continued to surge and were trading at six-week highs. The prices increased because rival edible oil prices were rising, so proxy inflation was coming into the prices and because weak Malaysian ringgit was making the product expensive.

20/02/2023 (The Star Online), Kuala Lumpur - Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade on a downward bias this week after recording strong trading in the week just ended, palm oil trader David Ng says.