Archived News

25/10/2024 (The Edge Malaysia), Kuala Lumpur - While bullish drivers for crude palm oil (CPO) prices may be strong in the immediate term, they are expected to dissipate through end-2024, said BMI, a Fitch Solutions company.

27/10/2024 (Business Standard) - With crude palm oil prices on the rise, companies have started to jack up rates of soaps and edible oils in order to pass on the hike to consumers.

27/10/2024 (The Daily Star) - The move came at a time when inflation has been hovering over 9 percent since March 2023. Food inflation has remained above 10 percent since April this year.

27/10/2024 (Bernama), Seremban - It all began with wanting to help the community earn income by selling sell used cooking oil about five years ago, Mohd Hazim Mohd Mustazar, 33, is now able to earn a five-figure income a month.

24/10/2024 (Bernama), Kuala Lumpur - Crude palm oil (CPO) futures on Bursa Malaysia Derivatives rallied to above RM4,600 per tonne for the January 2025 benchmark contract, boosted by positive sentiment amid expectations of weaker output and lower stock levels, said a trader.

24/10/2024 (Reuters), Kuala Lumpur - Malaysian palm oil jumped more than 2% on Thursday, supported by expectations of palm production declines and lower national stockpiles.

24/10/2024 (Indonesia Business Post) - The Indonesian Palm Oil Association (GAPKI) remains optimistic that the European Union Deforestation Regulation (EUDR) will not significantly impact Indonesia’s palm oil exports to Europe.

24/10/2024 (Oils & Fats International) - The introduction of higher biodiesel blending mandates by Indonesia is likely to tighten palm oil, according to a leading analyst quoted in a Reuters report.

25/10/2024 (The Borneo Post), Kuching - The Malaysian Palm Oil Board (MPOB) and Sarawak Oil Palm Plantation Owners Association (Soppoa) further strengthened their collaboration this year through a webinar focused on bagworm management.

Oct 24 (Reuters) - Indian consumer goods maker Patanjali Foods (PAFO.NS) reported a 21% rise in second-quarter profit on Thursday, aided by strong demand at its mainstay cooking oils business.

23/10/2024 (Bernama), Kuala Lumpur - Crude palm oil (CPO) futures on Bursa Malaysia Derivatives rallied to a two-year high, driven by expectations of weak production and lower stock levels in both Malaysia and Indonesia, a trader said.

24/10/2024 (The Star), Petaling Jaya - Buyers of crude palm oil (CPO) are stocking up ahead of the higher export duties both in Malaysia and Indonesia, where over 80% of the world’s CPO is produced.