Archived News
04-01-2023
Indonesian palm oil sector expresses concerns over EU deforestation legislation
03/01/2023 (Confectionery Production) - The Indonesian government and country’s palm oil trade bodies have reportedly expressed concerns over the EU deforestation regulations based on due diligence principles being put forward under the European parliament, writes Neill Barston.
03-01-2023
Malaysia’s crude palm oil price for 2022 projected to be 15.7 percent higher on year
31/12/2022 (Hellenic Shipping News) - Malaysian Palm Oil Board (MPOB) has on Friday projected the crude palm oil (CPO) prices to average at 5,100 ringgit (1,157 U.S. dollars) per tonne this year.
03-01-2023
CPTPP expected to boost palm oil exports, says MPOB
30/12/2022 (Free Malaysia Today), Petaling Jaya - The Malaysian Palm Oil Board (MPOB) said the country’s ratification of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) last September will boost demand for palm oil products and broaden access to new markets.
03-01-2023
Rice prices up 15%, Palm oil seen rising too
03/01/2023 (Economic Times) - Rice and palm oil are becoming more expensive in India. In the last one month, the price of rice has increased by up to 15 per cent, while that of palm oil is seen rising by Rs 5-7 a litre in the coming weeks.
03-01-2023
Indonesia Will Export Less Palm Oil to Keep Supplies at Home
30/12/2022 (Bloomberg) - 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%.
03-01-2023
Palm oil posts annual loss after three years of gains
02/01/2023 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures rose on Friday as top producer Indonesia tightened export rules, although the benchmark contract logged an annual loss after three years of gains.
03-01-2023
Lack of sustainability limits funds, markets for oil palm producers
31/12/2022 (Business Day, Nigeria) - The oil palm tree has a reputation for producing high-quality oil that is used for cooking, mostly in developing countries. It also finds its way into several food products, detergents, cosmetics and, to some extent, biofuel.
30-12-2022
Brighter year for palm oil
29/12/2022 (New Straits Times) - OUR palm oil industry is looking at a better performance for this year which we foresee will continue into 2023.
30-12-2022
Indonesia puts off 35% palm oil biodiesel rule to Feb 1
29/12/2022 (Free Malaysia Today), Jakarta - Indonesia will start its mandatory 35% palm oil biodiesel blending programme on Feb 1, a month later than initially planned, the energy ministry said.
30-12-2022
CPO futures end marginally higher
29/12/2022 (The Edge Markets), Kuala Lumpur - Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives (BMD) ended slightly higher on Thursday despite the weakness in commodities futures prices.
30-12-2022
Indonesia delays mandatory 35% palm oil biodiesel blending to Feb. 1
30/12/2022 (Hellenic Shipping News) - Indonesia will start its mandatory 35% palm oil biodiesel blending on Feb. 1, a month later than initially planned, the energy ministry said, without citing a reason.
30-12-2022
Palm oil ends flat, demand concerns weigh
30/12/2022 (Hellenic Shipping News) - Malaysian palm oil futures reversed losses on Thursday after trading in a tight range, but the contract ended virtually unchanged, weighed down by sluggish demand and as traders booked profits.