Archived News
20-10-2022
CPO futures continue to rise on expectation output would be lower due to bad weather
19/10/2022 (The Edge Markets), Kuala Lumpur - Crude palm oil (CPO) futures on Bursa Malaysia Derivatives continued their upward momentum to end higher on Wednesday (Oct 19), on expectation that bad weather would result in lower output of the commodity, a dealer said.
20-10-2022
Palm oil subsidy scheme to seek cabinet approval
20/10/2022 (Bangkok Post) - The Commerce Ministry plans to ask the cabinet shortly to approve the state-sponsored price guarantee scheme for palm oil farmers for the 2022/23 harvest season, while pledging to support crude palm oil exporters.
19-10-2022
India examining proposal to raise palm oil import tax
18/10/2022 (Reuters), Mumbai /New Delhi - India is examining whether there is a need to raise palm oil import taxes, government and trade sources said, as part of efforts by the world's biggest vegetable oil importer to help millions of its farmers reeling from lower oilseed prices.
19-10-2022
Unilever engaging with palm oil supplier accused of abuses
18/10/2022 (The Edge Markets), London/Jakarta/New York - Unilever is working with an Indonesian palm oil supplier accused of land-rights abuses and environmental harm to try to fix the problems highlighted by campaign groups and address the grievances of local communities.
19-10-2022
Mosta recommends RM60m strategic fund to enhance oil palm sustainability and tech enhancements
18/10/2022 (The Edge Markets), Kuala Lumpur - The Malaysian Oil Scientists and Technologists Association (Mosta) has proposed the establishment of a strategic fund to incentivise productivity improvements, technological developments and innovations across the oil palm industry, including the use of biomass for energy supply.
19-10-2022
Sustainability pledges help Indonesia produce palm oil with less deforestation
18/10/2022 (Mongabay), Jakarta - Sustainability commitments and greater scrutiny of supply chains is helping bring down deforestation rates associated with palm oil in Indonesia, a new analysis suggests.
19-10-2022
VEGOILS-Palm oil climbs to six-week high on weak ringgit, supply woes
17/10/2022 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures rose for a third consecutive session to its highest in six weeks on Tuesday, helped by the decline in the ringgit and concerns over global edible oil supply.
19-10-2022
Palm jumps to highest close in almost seven weeks
19/10/2022 (Hellenics Shipping News) - Malaysian palm oil futures jumped on Tuesday to their highest close in almost seven weeks, helped by a weakening ringgit and concerns over global edible oil supply.
19-10-2022
Making Sabah a global oil palm heavyweight
17/10/2022 (Daily Express) - A POLICY initiative will be put in place to protect the resilience of the palm oil sector and set Sabah up as a global leader in sustainable palm oil, said Chief Minister Datuk Seri Hajiji Noor.
19-10-2022
Palm rises for second day
18/10/2022 (Business Recorder), Jakarta - Malaysian palm oil futures recovered from early losses on Monday to close higher for a second straight session, as stronger US soyoil lent support amid disappointing export data.
19-10-2022
Palm oil may rise into 3,958-4,001 ringgit range
18/10/2022 (Business Recorder), Singapore - Palm oil may break a resistance at 3,924 ringgit per tonne, and rise into 3,958-4,001 ringgit range.
18-10-2022
CPO seen at RM3,400 to RM4,000
17/10/2022 (The Star Online), Kuala Lumpur - Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives are expected to trade with a downward bias this week, given the country’s large stockpile, says palm oil trader David Ng.