Archived News
22-08-2022
Workers shortage still plaguing oil palm sector, says Soppoa
KUCHING (Aug 22): The oil palm sector continues to face a multitude of challenges that require government’s support from time to time.
22-08-2022
Malaysian palm oil gains
JAKARTA: Malaysian palm oil futures rebounded on Friday on stronger other vegetable oils after tumbling to a near two-week low in the previous session but headed for a weekly drop.
22-08-2022
Getting more done with fewer workers
PETALING JAYA: The labour crunch that many industries in Malaysia face today has led some companies to automate their operations.
22-08-2022
CPO futures likely to see profit-taking activities next week
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trend downward next week on profit-taking activities.
22-08-2022
CPO futures close higher tracking better soybean oil futures during Asian hours
KUALA LUMPUR (Aug 19): The crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives (BMD) rebounded from Thursday's losses to end higher, supported by soybean oil futures recovering performance during the Asian hours, a dealer said.
19-08-2022
CPO futures end lower on concerns over rising production
19/08/2022 (The Edge Markets) - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower on Thursday, weighed by ongoing concerns over rising production and lower soybean oil prices, a dealer said.
19-08-2022
MPOCC has never endorsed other parties to provide consultation services for palm oil dealers – MPIC
17/08/2022 (The Star Online) - The Malaysian Palm Oil Certification Council (MPOCC) has never endorsed any consultants, companies and representatives to provide consultation services for palm oil dealers, said the Ministry of Plantation Industries and Commodities (MPIC).
19-08-2022
VEGOILS-Palm rises after Malaysia cuts export tax reference price
19/08/2022 (Hellenic Shipping News) - Malaysian palm oil futures extended gains on Wednesday after the world’s second-largest producer lowered its exports tax reference price, but gains were capped by demand concerns.
19-08-2022
Palm oil: store prices to stay high
18/08/2022 (Business Recorder) - Pakistan palm oil imports were back near $300 million in July 2022, having nearly halved in June 2022. The decline in June was attributed more towards the Indonesian government ban on palm oil exports (that proved short-lived) than rising inventory levels. But the sharp decline in international spot market has not really benefitted Pakistan – with the unit values staying virtually unchanged from the peak.
19-08-2022
Palm oil to fall to 3,857 ringgit
18/08/2022 (Business Recorder), Singapore - Palm oil is poised to break a support at 4,085 ringgit and fall towards the next support at 3,857 ringgit per tonne.
19-08-2022
Mixed views on Kuala Lumpur Kepong’s 4Q outlook
19/08/2022 (The Star Online), Petaling Jaya - Analysts are mixed over Kuala Lumpur Kepong Bhd’s (KLK) fourth quarter (4Q) outlook, as the company could see higher sales from its plantation segment as well as weaker product prices.
19-08-2022
Malaysia-Indonesia ties ride on a new wave under Ismail Sabri
18/08/2022 (The Edge Markets), Jakarta - Indonesian diplomatic circles, media and political analysts view Malaysian Prime Minister Datuk Seri Ismail Sabri Yaakob as a prudent and pragmatic leader in his efforts to strengthen bilateral economic, social and cultural ties between Malaysia and Indonesia.