Archived News

12/10/2023 (The Korea Economic Daily) - South Korea’s POSCO International Corp. and GS Caltex Corp. on Thursday signed a $210 million deal to build a bio feedstock refinery facility in Indonesia.

12/10/2023 (Investing.com) - Malaysian palm oil futures surged 0.99% as Indonesia clarified it won't mandate exports through its new exchange. Anticipated aggressive sales subsided, supporting prices. However, global palm oil faces challenges from a flood of cheap sunflower oil, impacting prices and driving a notable rise in Malaysian exports.

12/10/2023 (Business Recorder), Mumbai - Malaysian palm oil futures erased early gains on Wednesday to close near their lowest level in 3-1/2 months as higher stocks and cheaper supplies of sunflower oil outweighed hopes for improved exports at lower price levels.

12/10/2023 (The Sun Daily) – The conversation about palm oil often focuses around environmental considerations. This focus, however, largely overshadows its role in medical applications. Although the topic may not be at the forefront of people’s thoughts, there are several good reasons to pay attention to palm oil’s medical benefits.

12/10/2023 (The Star Online), Petaling Jaya - A continued peak production season may result in the local palm oil stocks staying high, thus putting pressure on the crude palm oil (CPO) price performance, say analysts.

11/10/2023 (The Edge Malaysia), Mumbai - A flood of cheap sunflower oil from Russia and Ukraine is putting downward pressure on palm oil prices, as the two top producers take advantage of currency depreciation to grab a larger share of the edible oils market.

11/10/2023 (Free Malaysia Today), Petaling Jaya - MIDF Research forecasts the average local crude palm oil (CPO) delivery price will close 4.4% month-on-month (m-o-m) higher at RM3,891 per tonne in October, due to moderate El-Nino events.

11/10/2023 (The Edge Malaysia), Kuala Lumpur - Malaysian palm oil stocks are expected to remain above the two-million-tonne mark until the end of this year, even when demand is expected to pick up towards the end of the year, as the sector undergoes a peak output season.

11/10/2023 (Times of India), Jakarta - Indonesia, the world's biggest palm oil exporter, will launch its crude palm oil (CPO) futures exchange mandatory, its chief regulator told Reuters on Wednesday.

10/10/2023 (Channel News Asia), Jakarta - Flag carrier Garuda Indonesia said on Tuesday it has completed a test flight using a palm oil-blended jet fuel on a Boeing 737-800NG aircraft.

10/10/2023 (Nasdaq), Mumbai - Palm oil futures fell in early trade on Tuesday to their lowest level in 3-1/2 months on fears of an inventory build-up in Malaysia, where industry officials forecast production grew more than the exports during September.

10/10/2023 (The Hindu) - The Congress on Tuesday said the liberal import policy of the Modi government is causing a "huge crisis" for the farmers in the country.