Archived News

13/03/2024 (XM), Kuala Lumpur - Malaysian palm oil futures rose on Wednesday to their highest closing in over a year, as strengthin rival edible oilsand firmer crude oil prices underpinned the market.

13/03/2024 (Bernama), Berlin – Malaysia, the world’s second-biggest palm oil producer, has urged Germany to adapt a more inclusive and fair approach regarding palm oil exports to Europe.

13/03/2024 (XM) - India's palm oil imports plunged to their lowest level in nine months in February, as higher prices prompted buyers to reduce purchases of the tropical oil in favour of rival sunflower oil, a leading trade body said on Wednesday.

13/03/2024 (New Straits Times) - SIME Darby Plantation Bhd (SD Plantation) plans to widen the use of technology in its operations on the ground to attract more Malaysians to work in oil palm plantations and change their perception of what is often regarded as 3D (dangerous, difficult, and dirty) jobs in the sector.

13/03/2024 (The Star Online), Ipoh - A shop in Tanjung Rambutan here has landed in hot water after refusing to sell bagged cooking oil to the public.

13/03/2024 (New Straits Times), Kota Baru - A smuggling attempt involving 10,175kg of 1kg Malaysian-subsidised cooking oil packed in polybags, destined for Thailand, was thwarted yesterday, leading to the arrest of a lorry driver and his attendant, both in their 30s.

14/03/2024 (Financial Express) - The imports of edible oils – palm, soybean and sunflower — in the first four months of the 2023-24 oil year (November-October) declined by 21% to 4.61 million tonne (MT) compared to same period last oil year. The high base of last year and an incipient spurt in global prices of the oils are the reason for the drop in imports on annual basis.

13/03/2024 (Business Standard) - India's vegetable oils import fell 13 per cent year-on-year in February to nearly 9.75 lakh tonne, according to industry data.

13/03/2024 (The Star Online), Petaling Jaya - The weak palm oil harvest for February is neutral for the market given it was seasonally a low production season.

12/03/2024 (New Straits Times), Kuala Lumpur - To promote sustainable practices in the palm oil industry, FGV Holdings Bhd has signed a strategic collaboration with Malaysian Sustainable Palm Oil (MSPO) to promote the latter's certification label on its Saji cooking oil products.

12/03/2024 (XM), Kuala Lumpur - Malaysian palm oil futures rose on Tuesday, buoyed by strength in Dalian edible oils and lower production figures in Malaysia,the world's second-biggest producer.

12/03/2024 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures were little changed on Tuesday after closing at near 8-month highs in the previous session, as stronger rival oils and crude oil prices offset a decline in exports.