Archived News

28/02/2024 (New Straits Times), Kuala Lumpur - The palm oil industry loses an annual export value of up to RM7.9 billion due to worker shortage, the Dewan Rakyat was told today.

28/02/2024 (XM), Jakarta - Malaysian palm oil futures fell on Wednesday, snapping three sessions of gains, weighed down by softer Chicago soyoil prices and weak export data.

28/02/2024 (Nikkei Asia), Jakarta - Indonesian palm oil producers are voicing concerns that the continuing rise in domestic demand for biofuels could harm the country's food security and take a toll on exports amid stagnant production of the commodity.

28/02/2024 (ET Auto), The slump in prices for the credits, known as Renewable Identification Number (RINs), could reduce incentives for investments in biofuels production, the EIA warned. This could hinder the energy transition away from fossil fuels.

27/02/2024 (XM), Jakarta - Indonesia's palm oil output this year is expected to rise by 5% year-on-year to 57.6 million metric tons as more newly matured crops come into fruition, the Indonesia Palm Oil Association (GAPKI) said on Tuesday.

27/02/2024 (XM), Jakarta - Indonesia plans to double its palm oil replanting subsidy, chief economic minister Airlangga Hartarto said in a statement on Tuesday, to boost farmer participation in the programme.

27/02/2024 (The Edge Malaysia), Kuala Lumpur - Perak-based plantation firm United Plantations Bhd's share price rallied further to reach a record high on Tuesday, after the company reported record earnings and dividends for the financial year ended Dec 31, 2023 (FY2023).

27/02/2024 (The Edge Malaysia), Jakarta - Indonesia's palm oil exports in 2023 dropped by 2.7% on a yearly basis to 32.2 million metric tonnes from 33.1 million tonnes shipped in 2022, the Indonesia Palm Oil Association (Gapki) said on Tuesday.

27/02/2024 (BNN Breaking) - In an era where the clarion call for climate action reverberates across the globe, London Gatwick has taken a bold step forward. Embracing innovation and sustainability, the airport has dramatically reduced its carbon footprint by transitioning its diesel vehicle fleet to Hydrotreated Vegetable Oil (HVO), a move that has slashed carbon emissions by an impressive 90%. This strategic pivot forms the cornerstone of Gatwick's ambitious 'Decade of Change' plan, marking a significant leap towards environmental stewardship and operational efficiency. But what makes this transition particularly noteworthy? Let's delve into the heart of Gatwick's green journey.

26/02/2024 (The Edge Malaysia), Kuala Lumpur - FGV Holdings Bhd’s net profit fell 12-fold to RM103 million in 2023 from RM1.33 billion in 2022 as the group’s mainstay plantation business' earnings plummeted amid lower average crude palm oil (CPO) prices.

26/02/2024 (Nasdaq), Jakarta - Malaysian palm oil futures closed higher on Monday, after posting a weekly gain last week, even as subdued exports data weighed on the contract.

26/02/2024 (Singapore Business) - Share price will get a boost should Wilmar be definitively cleared from the China palm oil fraud.