Archived News

09/02/2023 (The Star Online), Kuala Lumpur - 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 (EU) that block the market access of the tropical oil.

07/02/2023 (The Star Online), Jakarta - Indonesia's state energy company Pertamina is targeting oil and gas lifting in 2023 of around 900,000 barrels of oil equivalent per day (boepd), up 5% from the previous year, chief executive Nicke Widyawati told a parliamentary hearing on Tuesday.

08/02/2023 (The Malaysian Reserve) - THE Philippines, which vies with Indonesia as the top producer of coconut oil, is embarking on an ambitious programme to boost output, betting on booming demand for the commodity used in food, lipsticks and biofuels.

07/02/2023 (The Sun Daily), Jakarta - Indonesia will suspend some palm oil export permits to secure domestic supply amid rising cooking oil prices ahead of upcoming Islamic festivals, senior cabinet minister Luhut Pandjaitan said on his official Instagram account on Monday.

KUALA LUMPUR, Feb 7 (Reuters) - A new European Union law preventing the import of commodities linked to deforestation risks sidelining small farmers who are unable to meet the burdensome cost of compliance, the head of the Roundtable on Sustainable Palm Oil (RSPO) said on Tuesday.

KUALA LUMPUR, Feb 8 (Reuters) - Malaysian palm oil futures ticked up for the third session in a row on Wednesday, underpinned by concerns of tightening Indonesian supply as the world's largest producer reviews its palm oil export quota.

Malaysia’s palm oil inventories at the end of January likely slipped to a five-month low, as exports and production both plummeted, a Reuters survey showed on Monday.

PETALING JAYA: CGS-CIMB Securities Sdn Bhd expects Malaysia’s palm oil stock to rise 3% month-on-month (m-o-m) to 2.26 million tonnes at end-January 2023 as production and imports exceeded exports and local usage.

JAKARTA: Indonesia will review the ratio of its palm oil export quota amid rising prices of domestic cooking oil, according to the Coordinating Ministry of Maritime and Investment Affairs.

TOKYO -- Indonesia has sent new shock waves through the palm oil industry as it devotes more to domestic use, less than one year after its brief ban on exports propelled international prices on a roller coaster ride.

05/02/2023 (Free Malaysia Today), Petaling Jaya - The withdrawal of the import ban on Sime Darby Plantation Bhd (SDP), after it was cleared of forced labour allegations, bodes well for Malaysia, says human resources minister V Sivakumar.

06/02/2023 (Reuters), Kuala Lumpur - Malaysia's palm oil inventories at the end of January likely slipped to a five-month low, as exports and production both plummeted, a Reuters survey showed on Monday.