Archived News
05-09-2022
With the heavy rain comes issues
05/09/2022 (The Star Online) - Continuous and heavy rains coupled with the steep increase in production costs have significantly impacted the yields of fruits and vegetables around the country, say farmers.
05-09-2022
Indonesian, Japanese economic ministers discuss trade cooperation
04/09/2022 (Antara News) - Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto received Japanese Minister of Energy, Trade and Industry Nishimura Yasutoshi and they discussed trade and investment cooperation, Indo-Pacific Economic Framework (IPEF), and G20 Summit.
05-09-2022
Plantation sector earnings have peaked — Analysts
04/09/20222 (The Borneo Post) - Plantation sector earnings have peaked, AmInvestment Bank Bhd (AmInvestment Bank) opines, following the second quarter of 2022 (2Q22) results which were largely within consensus but above the research firm’s expectations.
05-09-2022
Malaysian palm oil futures drop
04/09/20222 (Business Recorder) - Malaysian palm oil futures on Friday were set for a 6.5% weekly loss as fresh Covid-19 curbs in top buyer China added to demand worries, with expectations of higher output in Malaysia weighing on prices further.
05-09-2022
Surging price of palm oil sidelines Japanese power plant projects
04/09/2022 (The Asahi Shimbun) - With no end in sight to sky-high prices for palm oil, Japanese businesses have idled their power plants that burn it to generate electricity.
05-09-2022
Indonesia’s farmers yet to benefit from crude palm oil levy waiver
05/09/2022 (Asia News), Jakarta - The extension of the crude palm oil (CPO) export levy waiver, despite being successful in stabilizing CPO prices, has proved to be less effective in resolving the chronic issue of falling fresh fruit bunch (FFB) prices, which the government has been trying to tackle for the past few months.
02-09-2022
Palm oil output expected to drop due to acute labour shortages
02/09/2022 (The Star Online), Petaling Jaya - The palm oil industry is expecting a major hit in production as it’s pushed to a “breaking point†due to severe labour shortages.
02-09-2022
Mid-sized oil palm planters in Sabah coming together for sustainability, a right move — MPOC
02/09/2022 (The Edge Matkets), Kuala Lumpur - The news that medium-sized oil palm producers in Sabah will soon adopt sustainable practices under the Malaysian Sustainable Palm Oil (MSPO) and Roundtable on Sustainable Palm Oil (RSPO) certification standards is a huge step in the right direction, the Malaysian Palm Oil Council (MPOC) said.
02-09-2022
Strengthening the roles of oil palm smallholders
01/09/2022 (New Straits Times) - Smallholders play a vital role in the oil palm industry which is one of the main sectors that generate economic growth for Malaysia. Almost 27 per cent of the country's total oil palm area is cultivated by more than 440,000 smallholders either independently or under the management of the federal and state government agencies.
02-09-2022
CPO futures end weaker on lower export estimates, weaker crude oil prices
02/09/2022 (The Edge Markets), Kuala Lumpur - The crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives (BMD) ended weaker amid lower export estimates and weaker oil market prices, said palm oil trader David Ng.
02-09-2022
Ceiling price for 5kg bottled palm cooking oil set at RM33.50 from Sept 8, says Annuar
01/09/2022 (The Edge Markets) - The ceiling price of 5kg bottled [palm] cooking oil will be reduced to RM33.50 from RM34.70 from Sept 8 to Oct 7, said chairman of the Special Task Force on Jihad against Inflation Tan Sri Annuar Musa.
02-09-2022
Malaysia's August palm oil exports rose 0.3 pct –SGS
01/09/2022 (Channel News Asia), Singapore - Exports of Malaysian palm oil products for August rose 0.3 per cent to 1,309,801 tonnes from 1,306,393 tonnes shipped during July, cargo surveyor Societe Generale de Surveillance said on Thursday.