Archived News
08-06-2023
Fadillah: Institute produces 2,500 oil palm sector trainees up till 2022
07/06/2023 (The Borneo Post), Kuching - The Malaysian Institute of Plantation and Commodities (Impac) has produced a total of 2,500 programme trainees for the oil palm sector up to 2022, said Deputy Prime Minister Dato Sri Fadillah Yusof.
08-06-2023
VEGOILS-Palm oil rebounds on soyoil strength, rising supply caps gains
07/06/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures jumped on Wednesday, recouping losses from the previous session as it track a surge in rival soyoil prices overnight, but forecasts of growing supply limited gains.
08-06-2023
Nigeria’s palm oil imports from Malaysia surges 353% in 4months as demand rises
07/06/2023 (Business Day) - Nigeria’s Palm Oil imports from Malaysia – a top global producer have surged by 353 percent in the first four months of 2023 despite local players ramping up production, data from the Malaysian Palm Oil Council shows.
08-06-2023
Palm oil and the EU’s anti-deforestation law: Why the backlash?
07/06/2023 (Euractiv) - The EU’s new deforestation law was hailed as watershed in the fight to protect the world’s forests. So why is it provoking such a fierce backlash in Indonesia and Malaysia? In the wake of a high-level meeting in Brussels last week, Giorgio Budi Indrarto charts what went wrong, and how to rectify it.
08-06-2023
Palm oil little changed as forecast of strong supply weighs
07/06/2023 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures were virtually unchanged on Wednesday, weighed by forecasts of growing May inventories and production.
08-06-2023
Palm oil rebounds on soyoil strength, rising supply caps gains
07/06/2023 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures jumped on Wednesday, recouping losses from the previous session as it track a surge in rival soyoil prices overnight, but forecasts of growing supply limited gains.
07-06-2023
India's palm oil imports hit 27-month low, buyers pick cheaper soft oils - dealers
06/06/2023 (Reuters), Mumbai - India's palm oil imports sank to a 27-month low in May as buyers cancelled expensive cargoes of the edible oil and replaced them with cheaper soyoil and sunflower oil, six dealers told Reuters on Tuesday.
07-06-2023
Sarawak shares comprehensive energy transition, climate crisis plans at London palm oil forum
06/06/2023 (Malay Mail), Kuching - Sarawak shared its comprehensive plans to tackle energy transition and the climate crisis during the International Sustainable Palm Oil Forum (ISPOF) at the Caledonian Club in London recently.
07-06-2023
Malaysia's end-May palm oil stocks seen rising as output hits 5-month high
06/06/2023 (Channel News Asia), Kuala Lumpur - Malaysia's palm oil inventories at the end of May are expected to rise as production swells to its highest so far this year while exports remain flat, a Reuters survey showed on Tuesday.
07-06-2023
Technology key to palm oil industry’s compliance with EU deforestation regulation
06/06/2023 (The Sun Daily) - The palm oil industry must be in tune with technological advancements as it is a crucial enabler in complying with the European Union’s Deforestation Regulation (EUDR).
07-06-2023
Malaysia’s end-May palm oil stocks seen rising
07/06/2023 (The Daily Star) - Malaysia's palm oil inventories at the end of May are expected to rise as production swells to its highest so far this year while exports remain flat, a Reuters survey showed on Tuesday.
07-06-2023
VEGOILS-Palm eases after two-day surge, weaker ringgit limits losses
06/06/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures fell on Tuesday after two consecutive sessions of gains, with traders awaiting an industry survey on May inventories, while a softer ringgit lent some support to the market.