Archived News

28/12/2022 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures surged more than 6% on Tuesday, its biggest one-day jump in three months, on demand optimism after key market China said it would further ease border controls for inbound travellers.

28/12/2022(Bangkok Post) - Thailand's Manufacturing Production Index (MPI) fell in November by 5.6% year-on-year to 95.11 points, the lowest in 15 months, as oil refineries were shut down for maintenance while a global economic slowdown began to affect exporters, say the Office of Industrial Economic (OIE).

27/12/2022 (Sinar Harian) - Food labels generally give an overview of the ingredient content information of a product for consumer reference such as nutritional content, meal recommendations, serving steps and so on.

27/12/2022 (The Star Online) - WHILE there is a broad plan for the country to achieve net-zero – the target for the complete reduction in global emissions of carbon dioxide by 2050 – companies are also drawing up their strategies towards this end.

27/12/2022 (Successful Farming) - Chicago Board of Trade soybean futures inched higher on Tuesday, paring gains after earlier hitting a six-month high as traders weigh the impacts of China's lifted COVID lockdown measures and assess crop conditions in parched Argentina, analysts said.

26/12/2022 (Scand Asia) - The European Union in Malaysia drawed attention to Michalis Rokas, European Union Ambassador to Malaysia, expressing his views on EU’s decision not to ban import of palm oil. The statement was released by Free Malaysia Today.

23/12/2022 (Eco Business) - “With the way the environment is being destroyed, the way climate change is happening, the way we travel, the way we consume, it’s just a matter of when the next pandemic will happen.”

23/12/2022 (New Straits Times) - Crude palm oil (CPO) price will likely sustain at above RM4,000 per tonne over the next few months, possibly until the first quarter (Q1) of 2023, Hong Leong Investment Bank Bhd (HLIB) said.

26/12/2022 (Antara News), Jakarta - The construction of a red cooking oil factory, which was set for early 2023 in Deli Serdang, North Sumatra, is still pending as a legal basis for its establishment is yet to be formulated.

23/12/2022 (Monitor) - The government has unveiled a plan to plant at least 100,000 hectares of oil palm to meet the increasing demand for edible oils and also substitute imports. The government is also targeting to increase the growth of sunflower, sesame, and soya beans.

23/12/2022 (Business Recorder) - Palm oil may test a support at 3,806 ringgit per tonne, with a good chance of breaking below this level and falling into 3,721-3,762 ringgit range.

26/12/2022 (Thai PBS World) - Oil palm growers across Thailand plan to submit simultaneous petitions to authorities in each province, seeking government help to boost the prices of raw oil palm seed, which have fallen to an average of 4 baht/kg.