Archived News
13-02-2023
Investments and savings the key
Malaysia’s stellar economic performance momentum, which is anticipated to start moderating this year, can be mitigated by a sustainable growth model centred on investments and savings, say economists.
13-02-2023
U.S. soybeans tick up, corn dips on sluggish exports
U.S. soybean futures edged higher while corn and wheat slipped in choppy Asian trading on Friday, following uninspiring export data and with traders monitoring production prospects in drought-hit Argentina.
13-02-2023
CPO prices to hover between RM3,500 and RM4,000: Kenanga Research
Crude palm oil (CPO) prices are expected to hover between RM3,500 and RM4,000 per tonne, said Kenanga Research.
13-02-2023
Massive hike in ghee, cooking oil prices test people’s patience
Ghee and cooking oil manufacturing companies have become completely unbridled as the price of ghee in retail has shot up by Rs80 per kilo in Karachi while that of cooking oil by Rs45 per liter.
10-02-2023
Joint mission by Indonesia, Malaysia to EU in bid to counter ‘discrimination’ against palm oil industry
09/02/2023 (Channel News Asia), Jakarta - Indonesia and Malaysia have agreed to conduct a joint mission to the European Union (EU) to discuss the impact of the bloc’s regulations on the two countries’ palm oil industries.
10-02-2023
Top palm oil growers send team to EU to fight deforestation law
09/02/2023 (The Edge Markets), Jakarta/Kuala Lumpur - The world’s top palm oil producing nations will send a team to the European Union (EU) to discuss the bloc’s new deforestation law and prevent “unintended consequences” for the industry and its millions of small farmers.
10-02-2023
Can the EU succeed on closing Indonesia trade deal?
08/02/2023 (DW) - The EU has been negotiating an economic partnership agreement with Indonesia for almost seven years. Talks this week present a new opportunity for a breakthrough.
10-02-2023
DPM: Malaysia, Indonesia agree to send palm oil mission to EU
09/02/2023 (New Straits Times), Jakarta - Malaysia will formulate strategies with Indonesia for a mission to the European Union (EU) to find out and give feedback on the bloc's policy development on palm oil, said Deputy Prime Minister Datuk Seri Fadillah Yusof.
10-02-2023
Palm oil retreats from one-month high on profit-taking
10/02/2023 (Hellenic Shipping News) - Malaysian palm oil futures retreated from a one-month high on Thursday as traders booked profits, while losses in rival edible oils due to higher-than-expected U.S. supplies added pressure.
10-02-2023
Presco posts record N83.1bn annual revenue as Russia-Ukraine War spurs palm oil boom
09/02/2023 (Premium Times) - Oil palm producer Presco Plc logged its peak turnover since 2011 as Russia-Ukraine war disrupted the global supply chain of sunflower oil, details of the firm’s 2022 financials have shown.
10-02-2023
Indonesia Hands-over CPOPC Chair to Malaysia
09/02/2023 (Tempo.Co) - Indonesia has officially handed over the leadership of the Council of Palm Oil Producing Countries (CPOPC) to Malaysia for 2023. The hand-over ceremony took place at the Hotel Mandarin Oriental in Jakarta on Thursday, February 9.
09-02-2023
Malaysia weighs trade curbs to fight EU’s anti-palm oil policies
08/02/2023 (Free Malaysia Today), Putrajaya - Malaysia, the world’s second-biggest palm oil producer, is weighing a range of trade curbs to strike back against what it calls unfair policies from the European Union that block market access for the tropical oil.