Archived News

22/12/2022 (Succesful Farming), Jakarta - Indonesia's 2022 palm oil exports are estimated at 34.67 million tonnes, down from last year's 37.78 million tonnes, partly due to a temporary export stoppage in April, the chief executive of its palm oil fund (BPDPKS) said on Thursday.

23/12/2022 (The Western Producer) - Indonesia’s palm oil production is forecast to rise three percent to 48.1 million tonnes in 2023, and exports are forecast at 33.5 million tonnes, an eight percent increase. However, that would likely drop if the government followed through with its plan to increase the biodiesel mandate. | Reuters/Antara Foto Agency photo The higher mandate would likely increase palm oil use domestically and decrease the amount that the country exports

22/12/2022 (Philstar Global), Manila - Some of the best and most well-loved Filipino snacks and dishes are often deep-fried — from kwek-kwek and lumpiang shanghai to fried fish and lechon kawali. Hence, a kitchen essential is present in almost every Filipino household: a bottle of oil.

21/12/2022 (Business Recorder), Singapore - Palm oil looks neutral in a range of 3,861-3,945 ringgit per tonne, and an escape could suggest a direction.

22/12/2022 (The Edge Markets), Kuala Lumpur - Bursa Malaysia rebounded to open slightly higher on Thursday (Dec 22), tracking Wall Street's rally overnight amid improving consumer confidence, said an analyst.

22/12/2022 (Biodiesel Magazine) - Whether buying Christmas presents, purchasing a new car or shopping for food, everyone’s feeling the pinch of inflation. Grocery prices have increased 21 percent (from January 2020 to August 2022), and retail fat and oil prices have increased 30 percent — soybean oil being a key ingredient for frying, baking, margarine, cooking oils and salad dressings. Pair that with soy oil used for biofuel production, which has quadrupled over the past decade, and it’s no wonder soy oil is a hot topic right now. But a new study only adds to evidence that U.S.-grown soybeans are well suited for people looking to cook, fuel up or find other sustainable solutions.

21/12/2022 (Free Malaysia Today) - I would like to clarify the statement made by the Malaysian Palm Oil Board (MPOB) on the European Union’s (EU) legislative proposal “on the making available on the Union market as well as export from the Union of certain commodities and products associated with deforestation and forest degradation”.

21/12/2022 (Borneo Post Online) - CONVERSATIONS about Malaysian palm oil involving Borneo Malaysia – Sabah and Sarawak – can often veer into misinformation. The overarching narrative in these conversations usually focuses on illegal logging, foreign labour, and commercial profiteering.

22/12/2022 (Hellenic Shipping News) - Malaysian palm oil futures jumped on Wednesday to hit a 12-day closing high as concerns over flood-related supply disruptions in the world’s second-largest producer lifted prices.

21/12/2022 (Successful Farming), Jakarta - Indonesia's palm oil fund (BPDPKS) revised down its estimate of crude palm oil inventory by the end of 2023 to 4.37 million tonnes as the country expands its mandatory biodiesel blending programme, the agency's data showed on Wednesday.

21/12/2022 (PKB News) - The Malaysia exchange fell 1.5 percent, while the Chicago exchange is currently up 0.3 percent, sources familiar with the matter said.

21/12/2022 (The Edge Markets), Jakarta - Indonesia will ban exports of bauxite, the main ore source of aluminium, starting from June next year to encourage domestic processing of the material, President Joko Widodo announced on Wednesday (Dec 21).