Archived News

14/11/2023 (Xinhua), Kuala Lumpur - Analysts have foreseen El Nino weather pattern to support crude palm oil (CPO) prices.

13/11/2023 (The Star Online), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to see profit-taking this week, with the price seen moving between RM3,400 and RM3,650 per tonne.

13/11/2023 (The Edge Malaysia), Shanghai - Malaysia, via the Malaysian Palm Oil Board (MPOB), will continue its research and development (R&D) to increase palm oil-based value-added products for companies in China to export to Muslim regions within the country, Deputy Prime Minister Datuk Seri Fadillah Yusof said.

13/11/2023 (Reuters), Mumbai - India's imports of palm oil and sunflower oil in 2022/23 surged by 24% and 54%, respectively, to record highs on a rebound in consumption and as both oils were available at a steep discount compared to rival soyoil, a leading trade body said on Monday.

10/11/2023 (The Star Online), Kuala Lumpur - Malaysia's palm oil stocks at the end of October rose 5.84% from the previous month to 2.45 million metric tons, data from industry regulator the Malaysian Palm Oil Board (MPOB) showed on Friday.

12/11/2023(The Malaysia Reserve), Labuan - The economic partnership between Indonesia and Malaysia is consistently advancing, marking a significant strengthening of bilateral ties, said Indonesian Ambassador to Malaysia Datuk Hermono.

10/11/2023 (The Star Online), Kuala Lumpur - Palm oil industry experts remain optimistic for a recovery in crude palm oil (CPO) prices, which are expected to surpass the RM4,000 per tonne mark in 2024.

09/11/2023 (News Straits Times), Kuala Lumpur - Palm oil experts expects crude palm oil (CPO) prices to rise next year on the back of flattish global supply due to weather developments such as El-Nino and climate change.

09/11/2023 (Daily Express), Semporna - The Marine Police Force (MPF) foiled an attempt to smuggle out 4,216kg of cooking oil via the waters off here on Tuesday.

09/11/2023 (The Hindu Business Line) - Indian vegetable oil imports would be around 16.20 million tonnes (mt) for the oil year 2023-24 (November to October), according to Sudhakar Desai, President of Indian Vegetable Oil Producers Association (IVPA).

09/11/2023 (The Star Online), Kuala Lumpur - The federal government is seeking to foster greater cooperation between major players in the palm oil industry and smallholders with the aim of boosting overall productivity.

08/11/2023 (Malay Mail) - Prime Minister Datuk Seri Anwar Ibrahim today launched the Sawit Intelligent Management System (SIMS) which is designed to facilitate transactional data management along the palm oil supply chain.