Archived News

28/09/2022 (Tempo.com), Jakarta - Indonesia’s Minister of Home Affairs Tito Karnavian met with his Japanese counterpart Minoru Terada in Tokyo today, September 28, 2022, to discuss bilateral cooperation in various sectors under the management of the two ministries.

29/09/2022 (Geo TV) - ISLAMABAD: With a reduction in palm oil prices in the international market by 35%-40%, the ministry of industries has informed the National Price Monitoring Committee (NPMC) that they are expecting a Rs20 per kg decrease in the price of ghee and cooking oil in a month.

28/09/2022 (The Edge Markets), Jakarta - The Malaysian palm oil futures on Wednesday (Sept 28) extended losses for a fifth straight day, and hit a near 20-month low during the session, as recession fears hurt demand in edible oils market.

28/09/2022 (The Edge Markets), Kuala Lumpur - Kim Loong Resources Bhd’s net profit grew 37.4% to RM49.67 million for the second quarter ended July 31, 2022 (2QFY23), from RM36.15 million a year earlier, on the back of higher palm oil prices.

28/09/2022 (Reuters) - JAKARTA, Sept 28 (Reuters) - Indonesia plans to set its crude palm oil reference price at $792.19 per tonne for the Oct. 1-15 period, deputy coordinating economic minister Musdhalifah Machmud told Reuters on Wednesday, down from the $846.32 per tonne for Sept. 16-30.

28/09/2022 (Business Recorder), Kuala Lumpur - Palm oil may retest a support at 3,427 ringgit per tonne, a break below which could open the way towards 3,288-3,360 ringgit range.

28/09/2022 (wwlp.com), GREENFIELD, Mass. (WWLP) – Northeast Biodiesel will start production at a facility in Greenfield Wednesday.

27/09/2022 (The Star Online), Jakarta - Malaysian palm oil futures are down more than 8% as they hit their lowest in 15 months, after a leading industry analyst warned that prices would plunge by more than 30% by the end of this year due to ample supply and weaker demand.

27/09/2022 (The Edge Markets), Kuala Lumpur - Palm oil extended its retreat to cap the longest run of daily losses in almost three months, dragged down by weakness in energy prices and concerns about a global slowdown that could curb edible oil demand.

27/09/2022 (The Edge Markets), Jakarta - Malaysian palm oil futures recouped some losses as crude oil and US soy oil rebounded but still ended Tuesday (Sept 27)’s afternoon trade lower, as concerns of higher output and soft demand for the rest of the year remained.

27/09/2022 (The Star Online), Kuala Lumpur - The oil palm industry is hoping for a fundamental shift in strategy in the upcoming Budget 2023, focusing on intensive, yield and investment-driven growth in line with the increasing emphasis on sustainability by major producing nations and consuming markets.

27/09/2022 (Business Recorder), Singapore - Palm oil may retest a support at 3,427 ringgit per tonne, as it has pierced below the Sept. 8 low of 3,481 ringgit.