Archived News

24/01/2023 (The Star Online), Petaling Jaya - Plantation companies are maintaining a cautious outlook for 2023, on the back of lower crude palm oil (CPO) and palm kernel (PK) prices and unresolved labour issues.

25/01/2023 (New Straits Times) - MALAYSIA and Indonesia's commitment to strengthening cooperation through the Council of Palm Oil Producing Countries (CPOPC) to fight discriminative trade policies against palm oil is an encouraging development for the oil palm industry.

25/01/2023 (Channel News Asia), Jakarta - Indonesia's palm oil exports fell 8.5 per cent last year because of a volatile regulatory environment and sluggish output that is expected to continue this year, the Indonesia Palm Oil Association (GAPKI) said on Wednesday.

25/01/2023 (Business Recorder) - International palm oil prices have stabilized, having hit record highs last year. Pakistan’s import unit cost for palm oil in December 2022 at $1,043/ton was the lowest in 21 months – having hit a high of $1646/ton six months ago. Import quantities have largely remained unchanged for 1HFY23 despite significant increases in retail prices. The jury is out on whether Pakistan is doling out the precious foreign exchange to satiate the demand of neighboring Afghanistan for palm oil as well – in addition to pulses and wheat.

JAKARTA : Indonesia plans to launch a crude palm oil benchmark price by June, the country's trade minister said on Thursday.

KUALA LUMPUR, Jan 19 (Reuters) - Malaysian palm oil prices are set to fall for the first time in three years in 2023 amid a mild recovery in production, but will likely remain above pre-pandemic levels as Indonesian policies constrict global supplies, Reuters poll showed.

KUALA LUMPUR, KUALA LUMPUR, MALAYSIA, January 20, 2023 /EINPresswire.com/ -- The Palm Oil Industry's First-of-its-Kind Blockchain Platform & Digital Marketplace - DIBIZ and the National Association of Smallholders (NASH)-Malaysia sign a MOU through which 150,000 smallholders will have Free access to DIBIZ App.

India’s soymeal exports could more than double in the 2022/23 marketing year, as drought in top exporter Argentina lifted global prices, prompting buyers to turn to the south Asian country with cheaper rates, four industry officials told Reuters.

This week, the EU Deforestation Regulation text was approved by the EU Parliament Environmental Committee (ENVI).

China's Ministry of Agriculture and Rural Affairs (MOA) met on Thursday with soybean industry participants, urging them to boost domestic cultivation, production and sales to further stabilize supplies of soybean, an important strategic good, as the nation expects a market rebound.

MOSCOW, Jan 19 (Reuters) - Russia's agriculture ministry is proposing to raise export tariffs on soybeans from 20% to 50% to stimulate domestic processing capacity in the country's Far East, the head of its oil and fat producers' union told Reuters on Thursday.

19/01/2023 (Free Malaysia Today), Petaling Jaya - Deputy prime minister Fadillah Yusof’s threat to stop selling palm oil to the EU will have a greater impact if Indonesia cooperates, according to an economist.