Archived News
24-10-2023
Palm tracks rival oils lower; exports, weaker ringgit cap losses
Malaysian palm oil futures fell on Monday, weighed by weakness in rival Dalian vegetable oils and crude oil, although weakness in the Malaysian ringgit and strong export data limited losses.
24-10-2023
Ensuring fair CPO prices
It is not Indonesia’s position as the world’s largest crude palm oil (CPO) producer, with a 60 percent share of the global supply, but market confidence in the pricing mechanism at the newly established Crude Palm Oil Futures Exchange in Jakarta, that will determine the success of the bourse in becoming a credible price-discovery center.
24-10-2023
Two alternative sources of renewable energy Malaysia could harness
Malaysia has a couple of alternative sources of renewable energy that could be harnessed:
24-10-2023
U.S. Soybeans Facing Increased Export Competition as Brazilian Soybeans to China Jump
Bloomberg writer Tarso Veloso Ribeiro reported last week that, “A sevenfold jump in Brazilian soybean shipments to China for next month highlights how the US is losing influence over one of the world’s most important agricultural markets.
24-10-2023
HLIB raises 2024 CPO price assumption to RM4,000/mt
KUALA LUMPUR (Oct 24): Hong Leong Investment Bank (HLIB) Research has maintained its “neutral” rating on the plantation sector and said the current weakness in crude palm oil (CPO) price will likely be temporary (and recover from 2024), supported by favourable palm oil, gas oil (POGO) spread and heightened supply risk from El Nino.
23-10-2023
CPO futures to sustain its positive momentum
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to sustain its positive momentum on better demand this week
23-10-2023
Nigeria’s palm oil imports from Malaysia increased by 65.3% – Report
Nigeria’s palm oil imports from Malaysia, a leading global producer, increased by 65.3 per cent in the first nine months of 2023.
23-10-2023
Cargoes begin trading on Indonesia’s ICDX crude palm oil exchange
The first trading began on Friday on Indonesia’s palm oil exchange, part of an effort by the world’s biggest producer of the vegetable oil to create credible benchmark prices.
23-10-2023
OPGAN, NIFOR collaborate with Cross River to refine, export palm oil
The Oil Palm Growers Association of Nigeria (OPGAN) and Nigerian Institute for Oil Palm Research (NIFOR), in collaboration with Cross River State government, will soon begin to refine palm oil for export from Calabar, the state capital.
23-10-2023
Indonesians urged to invest in palm oil cultivation in Pakistan
ISLAMABAD-A delegation of Islamabad Chamber of Commerce and Industry (ICCI), led by its Vice President Engr Azhar ul Islam Zafar, is in Indonesia these days to participate in the 38th Trade Expo Indonesia Hybrid Edition 2023, which is being organized by the Ministry of Trade of the Republic of Indonesia at Indonesia Convention Exhibition Centre, Jakarta from October 18-22, 2023.
23-10-2023
Malaysian palm oil futures gain
JAKARTA: Malaysian palm oil futures posted a weekly gain on Friday as strong export data and rising crude oil prices offset largely weaker rival oils.
20-10-2023
Indonesia ready to cooperate with Malaysia to fight against EUDR
19/10/2023 (Antara News), Tangerang, Banten - Indonesia is ready to collaborate with Malaysia to fight against the European Union Deforestation Regulation (EUDR) that it deems discriminatory, the Commodities Futures Trading Regulatory Agency (Bappebti) stated on Thursday.