Archived News
20-06-2023
CPO Futures set to trade lower on profit-taking this week
19/06/2023 (New Straits Times), Kuala Lumpur - The local crude palm oil (CPO) futures market is expected to trend lower this week on profit-taking activities.
20-06-2023
VEGOILS-Palm oil rise as weather concerns lend support
19/06/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures ticked up on Monday as concerns over dry weather taking a toll on global production of palm and soybeans kept the contract near six-week highs.
19-06-2023
Govt will ensure smallholders are not left out of palm oil supply chain, says DPM Fadillah
17/06/2023 (Malay Mail) - The government is committed to ensuring that smallholders are not left out of the palm oil supply chain following the introduction of new palm oil regulations by foreign countries.
19-06-2023
CPO futures set to trade lower on profit-taking next week
17/06/2023(The Star Online), Kuala Lumpur - The local crude palm oil (CPO) futures market is expected to trend lower next week on profit-taking activities.
19-06-2023
All parties must play their role in ensuring palm oil countries to be accepted by the market: Fadillah
18/06/2023 (The Sun Daily), Kuala Lumpur – All parties need to play a role in ensuring that Malaysia’s palm oil industry which is the source of income for over a million people in this country, continue to be accepted by the market, Deputy Prime Minister Datuk Seri Fadillah Yusof said.
19-06-2023
Apex Securities sees CPO prices at RM3,300-RM3,600 per MT amid higher production in 2H2023
16/06/2023 (The Edge Malaysia), Kuala Lumpur - Apex Securities Bhd expects crude palm oil (CPO) prices to average between RM3,300 and RM3,600 per metric ton (MT) for the remainder of 2023, weaker than its 2022 average, amid higher CPO production in the second half of the year (2H2023).
19-06-2023
Indonesia’s Palm Oil Export Down 19.2 Pct in April
16/06/2023 (Jakarta Globe), Jakarta - Indonesia witnessed a 19.2 percent decline in its palm oil exports in April compared to what the country exported the previous month, according to industry association Gapki.
16-06-2023
Hot, dry weather cuts palm oil yields in Malaysia's top producing state
15/06/2023 (The Edge Malaysia), Kuala Lumpur - Palm oil estates in Sabah, Malaysia’s largest producing state of the commodity, are experiencing water stress from early signs of El Niño, cutting yields and exacerbating the impact of under-fertilising and labour shortages seen over the past three years.
16-06-2023
First smallholders cooperative to get Roundtable on Sustainable Palm Oil cert
15/06/2023 (Daily Express), Tawau - Koperasi Landskap Kelapa Sawit Sabah Bhd (LKSS) were awarded the Roundtable on Sustainable Palm Oil (RSPO) certificate.
16-06-2023
Palm oil imports fall 15% to 4.39 lakh tonnes in May
16/06/2023 (The Economic Times) - India's palm oil imports declined 14.59% to 4,39,173 tonne during May this year, but there was a sharp rise in shipments of crude sunflower oil, industry body SEA said on Thursday. India, the world's leading vegetable oil buyer, imported 5,14,022 tonne palm oils in May 2022.
16-06-2023
VEGOILS-Palm oil tracks soyoil higher for third day, weak demand weigh
15/06/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures on Thursday tracked rival soyoil prices higher for a third consecutive session, although bigger stockpiles and weak demand capped the gains.
16-06-2023
VEGOILS-Palm oil in range-bound trade, dry weather and weak demand weigh
15/06/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures traded in a tight range on Thursday as traders weighed bigger May stockpiles against concerns over weak demand and dry weather hitting production.