Archived News

11/12/2024 (Bernama), Kuala Lumpur – The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower on Wednesday, weighed by weaker demand, a trader said.

12/12/2024 (The Star Online), Petaling Jaya - Analysts mostly have upgraded the plantation sector to an “overweight” call with crude palm oil (CPO) prices likely to stay buoyant given anticipations of tighter global supply, low stock levels and increasing biodiesel demand in 2025.

10/12/2024 (The Edge Malaysia), Kuala Lumpur - Rising palm oil imports, combined with recovering Indonesian output and a sharp drop in exports, may signal demand rationing, according to agricultural commodity advisory firm Glenauk Economics.

09/12/2024 (XM.com), Jakarta - Malaysian palm oil futures fell on Monday, tracking a decline in rival vegetable oils on the Dalian and Chicago exchanges, while traders await data from the Malaysian Palm Oil Board (MPOB) for further cues.

09/12/2024 (Business Today) - Pacific Inter-Link Sdn Bhd (PIL) has marked a significant milestone with the departure of its largest palm oil shipment, carrying 70,000 metric tonnes (MT) of palm oil from Port Klang, Malaysia. The record-breaking cargo was transported aboard a 229-metre Long Range tanker, typically designed for crude oil or refined petroleum products, highlighting PIL’s capability in large-scale export operations.

09/12/2024 (Tempo.co), Jakarta - Arief Prasetyo Adi, head of the National Food Agency (Bapanas), denied reports that the price of MinyaKita cooking oil had risen due to an increase in the global price of crude oil (CPO). According to Arief, the raw material for MinyaKita comes from the allocation of CPO for domestic market requirements (DMO) by palm oil producers.

09/12/2024 (New Aged Bangladesh) - The government has raised the prices of both the soya bean and palm oil by Tk 8 a litre as per the demand from the businesses to align price with international market rates.

09/12/2024 (TBS News) - Soybean market traders in Bangladesh have blamed the price hike in the international market and the halt in imports by S Alam for the shortage of soybean oil in the local market.

08/12/2024 (New Straits Times), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with an upside bias next week on the prospects of weaker output going forward.

06/12/2024 (Bernama), Jakarta - The Council of Palm Oil Producing Countries (CPOPC) forecasts palm oil prices could range between RM4,000 and RM5,000 per tonne in 2025, driven by stagnating production in key markets, particularly Indonesia and Malaysia.

08/12/2024 (Business Recorder), Jakarta - Malaysian palm oil futures declined on Friday on easing supply concerns, as weather improved in the world’s second-largest producer Malaysia; however, the contract rose for a second week.

06/12/2024 (Bernama), Kuala Lumpur - Palm oil's versatility, nutrient profile, and sustainable potential make it an essential yet often underappreciated resource, according to two academicians from the United States.