Archived News
05-01-2023
Indonesian court jails former trade official, palm oil company execs
04/01/2023 (Malay Mail), Jakarta - An Indonesian court today sentenced a former senior official at the trade ministry and three palm oil company executives to jail in a case about improper palm oil export permits, according to lawyers.
05-01-2023
Lower palm oil prices likely but markets wary of supply, recession risks
04/01/2023 (Hellenic Shipping News) - Crude palm oil prices may ease in 2023 after hitting record highs last year, but “wild cards” such as Malaysia’s labor crunch at its palm plantations, China’s re-opening, and looming recession fears could upend forecasts, industry sources warned.
05-01-2023
Indonesia will export less palm oil to keep supplies at home
03/01/2023 (The Malaysian Reserve) - INDONESIA, the world’s biggest palm oil producer, is set to export less of the commodity overseas as it tightens a policy requiring companies to keep more supply at home. Prices jumped more than 2%.
05-01-2023
Palm slides from near 5-week high, likely tight supply limits losses
04/01/2023 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures fell on Wednesday after scaling a near five-week peak in the previous session, though expectations of tightening supplies reined in losses.
05-01-2023
Ceiling prices of bottled cooking oil unchanged
04/01/2023 (The Star Online), Kuala Lumpur - The maximum retail prices for bottled cooking oil will remain unchanged for the Jan 8 to Feb 7 period, although the average price of crude palm oil (CPO) in the world market rose last month, says Datuk Seri Salahuddin Ayub.
04-01-2023
Domestic workers and palm oil in the spotlight
03/01/2023 (The Star Online), Petaling Jaya - Malaysia and Indonesia are expected to review the existing agreement on migrant workers and discuss challenges facing the palm oil industry during the Prime Minister’s working visit to Indonesia.
04-01-2023
CPO to trade between RM3,400 and RM3,700 per tonne this week
02/01/2023 (The Star Online), Kuala Lumpur - Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade in yo-yo mode this week in the absence of market participants due to new year holidays.
04-01-2023
Ceiling price for bottled cooking oil unchanged
03/01/2023 (Free Malaysia Today), Kuala Lumpur - The ceiling price for bottled cooking oil will remain the same for the Jan 8 to Feb 7 period although the average price of crude palm oil (CPO) in the world market rose in December 2022, said Salahuddin Ayub.
04-01-2023
Indonesia to tighten palm oil exports to shore up supply ahead of Ramadan
02/03/2023 (The Jakarta Post) - Indonesia will tighten export rules for palm oil from Jan. 1 by allowing less shipments overseas for every tonne sold domestically, to ensure sufficient and affordable cooking oil supply at home, officials said on Friday.
04-01-2023
Slight recovery for palm oil
03/01/2023 (The Malaysian Reserve) - THE Malaysian palm oil market is expected to remain uncertain and experience only a little growth in 2023.
04-01-2023
VEGOILS-Palm oil edges up on tighter supply outlook
03/01/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures ticked up in the first trading session of the year on Tuesday, underpinned by expectations of slowing production and tighter Indonesian supply.
04-01-2023
Palm oil scales near 5-week closing high on tighter supply outlook
04/01/2023 (Hellenic Shipping News) - Malaysian palm oil futures jumped to a near five-week closing high in the first trading session of the year, underpinned by production slowdown and tighter Indonesian supply.