Archived News
28-09-2022
Export value of Malaysia's agriculture commodity products remains strong
26/09/2022 (New Straits Times), Kuala Lumpur - Agriculture commodity product exports saw an increase of 64 per cent during the Covid-19 movement control order (MCO) period in 2020 and 2021, compared to the pre-pandemic years of 2018 and 2019.
27-09-2022
Palm slumps nearly 7% on weaker rival oils
26/9/2022 (The Edge Markets) - Malaysian palm oil futures fell nearly 7% on Monday (Sept 26), tracking weakness in rival edible oils amid recession fears, and after a leading analyst warned prices would plunge by more than 30% by the end of this year due to ample supply and weaker demand.
27-09-2022
CPO futures to trade on downside bias this week
26/09/2022 (The Star Online), Petaling Jaya - Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives is expected to trade on downside bias due to weak demand, which may weigh on prices, a dealer says.
27-09-2022
Relief for food inflation looms as palm oil hits 1-year low
26/09/2022 (The Malaysian Reserve), Singapore - A sharp retreat in palm oil prices will likely help to cool the food inflation that’s been gripping the world.
27-09-2022
MPOB: Budget 2023 should focus on intensive, yield & investment-driven growth
26/09/2022 (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
USP publishes monograph for palm oil tocotrienols and tocopherols
26/09/2022 (Nutraceutical Business Review) - The United States Pharmacopeia (USP) has officially published the Palm Oil Tocotrienols and Tocopherols Monograph on 1 August, 2022, under Non-Botanical Dietary Supplements.
27-09-2022
Miri City Council warns of stern action against usage of used cooking oil
27/09/2022 (The Borneo Post) - Miri City Council (MCC) will not hesitate to take stern action against food operators who are found to be using recycled cooking oil in the preparation of food.
27-09-2022
Firms invite Kebs to testing duel after recall of cooking oil
27/09/2022 (Business Daily Africa) - Edible oil manufacturers are demanding that the Kenya Bureau of Standards (Kebs) now agrees to joint testing of iron in batches of their products whose sales have been suspended for non -compliance with standards.
26-09-2022
Indonesia's 2022 palm oil exports to fall, stocks to rise due to lower shipments, says trade official
25/09/2022 (The Star Online), AGRA, India - Indonesia's palm oil exports are set to jump in the second half of the year after the scrapping of export levies, but the 2022 total will still be lower than last year's 33.7 million tonnes due to earlier restrictions, an industry official told Reuters.
26-09-2022
Include smallholders in the palm oil value chain — Solidaridad Network
26/09/2022 (The Borneo Post) - In the face of new opportunities and external sustainability agenda, more attention has to be paid as to how companies can better support the three million smallholders worldwide who produce roughly 30 per cent of global palm oil, said international civil society organisation Solidaridad Network.
26-09-2022
Palm oil rout has further to go with Mistry predicting 30% slump
23/09/2022 (The Edge Markets), New Delhi - A severe rout in palm oil is about to get worse, with influential trader Dorab Mistry forecasting a slide to RM2,500 a tonne by year-end as production recovers strongly and demand languishes.
26-09-2022
Weakening crude oil, soybean oil prices pressure CPO futures to close lower
24/09/2022 (The Edge Markets), Kuala Lumpur - Crude palm oil futures contracts on Bursa Malaysia Derivatives ended lower on Friday pressured by weakening crude oil and soybean oil prices, a dealer said.