Archived News
08-09-2022
Rising CPO stock may undermine prices
07/09/2022 (The Star Online), Petaling Jaya - The rising palm oil inventory potentially staying above two million tonnes in the coming months could undermine the price of crude palm oil (CPO) in the final quarter of this year, say analysts.
08-09-2022
Labour shortages set up Malaysia for third year of palm oil losses
08/09/2022 (Malaysia Kini) - Malaysian palm oil planters are letting thousands of tonnes of fruits rot as the third year of a worker shortage has left companies unable to increase their harvesting during the peak production season.
08-09-2022
CPO futures close lower for sixth consecutive session as weak market sentiment persists
08/09/2022 (The Edge Markets), Petaling Jaya - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives (BMD) ended lower for the sixth consecutive session as overnight weakness on the Chicago bean oils market continued to weigh on sentiment for CPO.
08-09-2022
Labour shortages set up Malaysia for third year of palm oil losses
07/09/2022 (Free Malaysia Today), Kuala Lumpur - Malaysian palm oil planters are letting thousands of tonnes of fruits rot as the third year of a worker shortage has left companies unable to increase their harvesting during the peak production season.
08-09-2022
Shareda lauds move to create free zone in Palm Oil Industrial Cluster
08/09/2022 (Daily Express), Kota Kinabalu - The Sabah Housing and Real Estate Developers Association (Shareda) lauded the move to establish a free trade zone in Lahad Datu’s Palm Oil Industrial Cluster (POIC) to spur economic growth in Sabah’s east coast region.
08-09-2022
SOEs Minister urges Indonesians to reduce reliance on fuel oil
07/09/2022 (Antara News), Jakarta - Minister of State-Owned Enterprises (SOEs) Erick Thohir during an interview here on Wednesday, urged Indonesians to reduce their reliance on fuel oil and begin to shift to alternative energy.
08-09-2022
Diverse, sustainable biofuels crucial for Indonesia’s energy transition
07/09/2022 (The Jakarta Post) - Indonesia is at the forefront of biofuel advancement worldwide, especially with regard to biodiesel, both in terms of blending rate and production scale, but its contribution to decarbonization is questionable since the biodiesel is heavily dependent on palm oil as the sole feedstock, risking further environmental damage resulting from unsustainable oil palm plantation practices.
07-09-2022
Palm oil hits six-week low on swelling reserves and demand worry
06/09/2022 (The Edge Markets), Kuala Lumpur - Palm oil posted its lowest close since late July on a retreat in rival soybean oil, concerns about bulging stockpiles in top growers and lackluster demand from Chinese buyers.
07-09-2022
Palm oil smuggling: Triple whammy to the country
07/09/2022 (Business Mirror) - I have been writing in this space that smuggling is costing the Philippine government up to P250 billion in foregone value added tax every year. Now comes another big issue, which is the smuggling of palm oil that could kill the country’s coconut industry that employs millions of Filipinos.
07-09-2022
Govt urged to accelerate free-trade zone set-up in Sabah east coast
06/09/2022 (New Straits Times), Kota Kinabalu - The federal government should allocate funds to accelerate the establishment of a free-trade zone in Lahad Datu's Palm Oil Industrial Cluster (POIC) to boost economic growth in Sabah's east coast region.
07-09-2022
Cross River cautions palm oil dealers against adulteration
06/09/2022 (People Gazette) - Cross River’s Commodity and Quality Control Board has warned palm oil dealers in the state to refrain from adulterating the product, citing its effect on human health.
07-09-2022
MITI: Malaysia secures RM9.3 bil investment from Japan
06/09/2022 (New Straits Times), Kuala Lumpur - Malaysia has secured investments worth RM9.3 billion via the latest Trade and Investment Mission (TIM) to Japan led by Senior Minister of International Trade and Industry Datuk Seri Mohamed Azmin Ali.