Archived News

29/05/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures rose for a second consecutive session on Wednesday, as demand from top buyers India and China and strength in rival Dalian contracts underpinned the market.

29/05/2024 (The Nation) - The Internal Trade Department has instructed palm oil extraction plants to buy palm fruit from farmers at the rate of at least 4.50 baht per kilogram to prevent prices from falling.

29/05/2024 (The Edge Malaysia), Kuala Lumpur - Genting Plantations Bhd (KL:GENP) reported on Wednesday a 10.37% increase in its first quarter net profit on higher palm product prices, which offset the impact of lower sales volume in the downstream manufacturing segment.

29/05/2024 (Market Screener), Manitoba - Intercontinental Exchange canola futures finished higher on Wednesday, due to positive spillover from other vegetable oils.

29/05/2024 (Power Progress) - Amaggi, a Brazilian commodities company reported to be the world’s largest producer of soybeans, has received the first authorisation from the national government to start testing of B100 biodiesel in a river vessel.

29/05/2024 (Open4Business) - In May, Ukrainian traders contracted 620 tons of Ukrainian sunflower oil for export, which is showing very fast growth, but in July-August, the export rate may slow down, according to the analytical cooperative “Start”, created within the framework of the All-Ukrainian Agrarian Council (AAC).

28/05/2024 (New Straits Times), Kuala Lumpur - FGV Holdings Bhd slipped into the red in the first quarter ended March 31, 2024 (1Q24) with a net loss of RM13.49 million from a net profit of RM12.09 million, dragged by lower profits across most divisions. Its quarterly revenue declined marginally by 1.09 per cent to RM4.54 billion from RM4.59 billion a year ago, on the back of lower average crude palm oil (CPO) price.

28/05/2024 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures rose on Tuesday to close over 2% higher after two straight sessions of falls, as gains in rival Dalian and Chicago oils and an improving export outlook underpinned the market.

28/05/2024 (Zawya), Cairo - The Malaysian Palm Oil Forum (MPOF) Egypt 2024 officially opened today in Cairo, marking the second edition of this significant event aimed at enhancing the exports of Malaysian palm oil and its derivatives in the North African region.

28/05/2024 (Forests News) - Can oil palm be produced in ways that benefit the environment and sustain livelihoods for smallholder farmers? That’s the question being explored in a recent study by researchers at the Centre for International Forestry Research and World Agroforestry (CIFOR-ICRAF) and partner institutions.

28/05/2024 (News18) - The Indian Council of Medical Research (ICMR), in collaboration with the National Institute of Nutrition, has recently released the dietary guidelines for the year 2024. According to a study conducted by ICMR, moderate consumption of palm oil can reduce blood cholesterol levels. The new dietary guidelines were issued with the aim to empower the citizens of the country with proper knowledge of nutrition. These guidelines will surely help people to make correct food choices. Palm is often said to be harmful for the human body. But do you know that this controversial vegetable oil also has some health benefits, if consumed in moderation? Let us know about the health benefits from nutritionist G Sushma.

27/05/2024 (Chemanalyst) - Biodiesel prices are presently exhibiting a divergent trend, characterized by a decrease in the APAC region attributed to subdued demand and heightened palm oil production. Conversely, in the European region, prices have surged owing to increased demand from importing nations. This dichotomy reflects varying market dynamics across regions, with factors such as demand-supply imbalances and regional economic conditions influencing price movements.