Archived News

25/09/2022 (The Edge Markets), Kuala Lumpur - 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% of global palm oil, said international civil society organisation Solidaridad Network.

24/09/2022 (New Straits Times), New York - The Covid-19 pandemic has slowed down efforts to achieve Sustainable Development Goals (SDGs), which require efforts from all parties, said Prime Minister Datuk Seri Ismail Sabri Yaakob.

24/09/2022 (Fast Market, Agricensus) - Indonesia is unlikely to remove its current Domestic Market Obligation (DMO) policy on palm oil but may move to raise the current export quota instead, a senior official from the Indonesian Palm Oil Association (Gapki) told Agricensus on Friday.

21/09/2022 (The Edge Markets), Kuala Lumpur - United Malacca Bhd’s net profit rose 16.59% to RM24.3 million for the first quarter ended July 31, 2022 (1QFY23), from RM20.85 million a year earlier, on higher earnings contribution from its Malaysia operations on the back of higher palm oil prices.

21/09/2022 (The Edge Markets), AGRA, India - India's palm oil imports in 2022/23 could jump 9% from a year earlier on a rise in domestic consumption and as competitive prices allow the tropical oil to regain its share in the world's biggest market, a Reuters survey showed on Wednesday.

21/09/2022 (The Edge Markets), Kuala Lumpur - Malaysia should further expand its market share in China’s bakery fats market, said Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin.

21/09/2022 (The Edge Markets), Kuala Lumpur - The crude palm oil futures contract on Bursa Malaysia Derivatives ended higher for the second consecutive day on Wednesday on growing export demand and sluggish production pace, a dealer said.

21/09/2022 (Financial Post) - The European Union has declared war on palm oil — the oil derived from palm trees, which have to be cut down to extract it. Several new proposals suggest the EU is set on forcing the innocuous vegetable oil out of the European market. Perhaps most importantly, Renewable Energy Directive II will phase out palm oil imports for use as a biofuel by 2030.

22/09/2022 (Hellenic Shipping News) - Malaysian palm oil futures rose to a week’s high on Wednesday, buoyed by strong demand from top buyer India and higher crude prices that make palm an attractive option for biodiesel feedstock.

21/09/2022 (Business Recorder), Singapore - Palm oil may retest a resistance at 3,796 ringgit per tonne, a break above which could lead to a gain into 3,847-3,897 ringgit.

21/09/2022 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures ended higher after volatile trade on Tuesday, lifted by a surge in exports during Sept. 1-20 amid rising demand from top buyer India ahead of a key festival there.

21/09/2022 (The Edge Markets), Kuala Lumpur - United Malacca Bhd’s net profit rose 16.59% to RM24.3 million for the first quarter ended July 31, 2022 (1QFY23), from RM20.85 million a year earlier, on higher earnings contribution from its Malaysia operations on the back of higher palm oil prices.