Archived News

06/02/2023 (Business Recorder), Jakarta - Malaysian palm oil futures edged higher on Friday on a weaker ringgit and profit-taking ahead a long weekend, but they still posted weekly losses.

06/02/2023 (Reuters), 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.

07/02/2023 (Taipei Times) - Just as the pace of Indonesia’s economic growth returned to pre-COVID-19 pandemic levels, a slowing global economy has emerged as the biggest threat to sustaining that performance.

06/02/2023 (Hellenic Shipping News) - India’s wheat plantings remained steady despite a rally in price of the staple to a record as farmers in a key producing central state shifted to rapeseed to take advantage of even higher prices for the oilseed, farm ministry data showed on Monday.

02/02/2023 (New Straits Times), Kuala Lumpur - Ekovest Bhd's subsidiary, PLS Plantation Bhd is planning to reduce its oil palm plantation business from 80 per cent currently to just about 15 per cent over the next few years.

03/02/2023 (Free Malaysia Today), Petaling Jaya - The United States has cleared Sime Darby Plantation Bhd (SDP) of allegations of forced labour in the production of its palm oil and derivative products, a filing under the US Federal Register showed.

02/02/2023 (Business Recorder), Singapore - Palm oil is expected to test a support at 3,796 ringgit per tonne, a break below which could be followed by a drop into a range of 3,683-3,721 ringgit.

03/02/2023 (Daily Times) - Islamabad Chamber of Commerce and Industry (ICCI) on Thursday urged the Indonesian authorities for restoring the normal export of palm oil to Pakistan as it was a major importer of palm oil from Indonesia.

02/02/2023 (The Star Online), Putrajaya - The maximum retail prices for bottled pure cooking oil will remain unchanged for the Feb 8 to March 7 period, according to the Domestic Trade and Cost of Living Ministry.

02/02/2023 (Vox) - In the last two decades, palm oil has become an environmental boogeyman, an ingredient that conscious consumers should try to avoid.

01/02/2023 (Business Recorder) - KUALA LUMPUR: Malaysian palm oil futures slid 3% on Tuesday, ending a three-day climb as Indonesia maintained its domestic sales rule and traders fretted about slow export demand.

01/02/2023 (Argus Media) - Indonesia has decreased export taxes and levies on palm products for 1-15 February after the crude palm oil (CPO) reference price for the same period dropped below $880/t, triggering the lower band of duties and levies.