Archived News

19/1/2023 (Xinhua) - Malaysia's exports were down in September amid slower global demand, uncertainties in commodity prices and high base effect last year, official statement said Thursday.

19/10/2023(Russia Briefing) - Russia and Malaysia, two diverse and dynamically growing nations, have traditionally maintained a robust trading relationship. As the shifts in global economy and connectivity take place, these two nations have continued to foster closer economic ties. This has been particularly evident during 2022 and 2023 when numerous negotiations, agreements, and joint ventures, were planned to expand the partnership. The two countries see that both geographically and potentially economically, they can serve as a window to greater cooperation between the Eurasian Economic Union (EAEU) and ASEAN.

19/10/2023 (New Straits Times), Kuala Lumpur - The allocation for the Plantation and Commodities Ministry (KPK) was increased to RM732.7 million in the 2024 Budget after taking into consideration feedback from the industry, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

19/10/2023 (Hindustan Times) - Special provisions are also being made to promote palm oil in northeast India keeping in mind the need for investment, the ministry of agriculture and farmers’ welfare said

19/10/2023 (The Star Online) - THE US soybean oil supplies have declined significantly in the last couple of months, but so have prices, which is counter intuitive.

18/10/2023 (Nikkei Asia), Jakarta - Musim Mas, a Singapore-based exporter of Indonesian palm oil, faces "a big challenge" over the European Union's new deforestation regulation, which will particularly impact the country's small individual farmers, a company executive told Nikkei Asia.

18/10/2023 (Business Recorder), Singapore - Malaysian palm oil futures were little changed on Tuesday after three consecutive sessions of gains, as strong exports and Chinese demand were offset by weaker Chicago soyoil prices.

17/10/2023 (New Straits Times), Kuala Lumpur - Malaysia has maintained its November export tax for crude palm oil at 8 per cent and lowered its reference price, a circular on the Malaysian Palm Oil Board website showed on Tuesday.

17/10/2023 (Malay Mail) - At least 20 per cent of oil palm are unharvested due to labour shortage, hence additional government initiatives are needed to ensure that the industry remains sustainable.

17/10/2023 (Antara News), Jakarta - The Ministry of Energy and Mineral Resources (ESDM) has called for the increased use of empty oil palm fruit bunches as biomass raw materials for co-firing (alternative fuel) in coal-fired power plants.

17/10/2023 (Nasdaq) Singapore - Malaysian palm oil futures were little changed on Tuesday after three consecutive sessions of gains, as strong exports and Chinese demand were offset by weaker Chicago soyoil prices

17/10/2023 (Samaa.tv) - The federal government has taken steps to reduce the prices of popular ghee and cooking oil brands by up to Rs38 per kilogram at Utility Stores across the country.