Archived News

02/09/2022 (Hellenic Shipping News) - Malaysian palm oil futures closed at their lowest in nearly a month on Thursday, hit by weakness in rival oils and expectations of higher supply as the peak production season begins.

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 (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.

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 (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.

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.

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.

02/09/2022 (Hellenic Shipping News) - Malaysian palm oil futures closed at their lowest in nearly a month on Thursday, hit by weakness in rival oils and expectations of higher supply as the peak production season begins.

01/09/2022 (Hellenic Shipping News) - Indonesia on Wednesday tweaked its palm oil export levy rules to charge a maximum levy of $240 per tonne when the reference price hits over $1,430 per tonne, a regulation document showed.

31/08/2022 (The Economic Times) - Aiming to undertake oil palm plantation across 38,000 hectares in Arunachal Pradesh, Patanjali Foods will on Wednesday lay the foundation stone for setting up of a mill in the state's East Siang district.

31/08/2022 (Nation World News) - There is an increase in the price of FFB for the period 31 August to 06 September 2022 in each age group of Oil Palm.

31/08/2022 (Asean Briefing) - Indonesia’s parliament has approved the country’s membership in the Regional Comprehensive Economic Partnership (RCEP) trade pact and becomes the latest country in ASEAN to join in what is the world’s largest free trade agreement. The RCEP is estimated to cover 30 percent of the global GDP of US$25.8 trillion, and comprise 30 percent of the world’s population.