Archived News

KUALA LUMPUR, July 18 (Reuters) - Malaysian palm oil futures firmed on Tuesday for a third consecutive session as traders squared up positions ahead of a public holiday.

17/07/2023 (Business Recorder), Singapore - Malaysian palm oil futures ended with a modest recovery on Friday and logged a third consecutive weekly gain as the strength in rival edible oils countered a firmer yen.

16/07/2023 (Business Recorder), Mumbai - India’s palm oil imports jumped 56% to a three-month high in June, as buyers took advantage of a dip in prices to increase purchases, a leading trade body said on Friday. Imports rose to 683,133 metric tons in June, up from 439,173 metric tons in May as prices fell to their lowest in 28 months, the Mumbai-based Solvent Extractors’ Association of India (SEA) said in a statement.

16/07/2023 (The Malaysian Reserve) - The United Kingdom (UK) today officially joined Malaysia and 11 other founding countries in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), marking the first free trade agreement (FTA) between Malaysia and the UK.

16/07/2023 (The Guardian, Nigeria) - Stakeholders in the Oil Palm industry have raised concern over the importation of Olien – refined vegetable oil, prohibited by the Federal Government.

15/07/2023 (The Star Online), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is anticipated to experience an upward trend in the coming week influenced by the prevailing positive sentiment due to the strengthened prices of crude oil and soybean oil.

13/07/2023 (The Star Online), Kuala Lumpur - Palm oil has bounced back to track gains in soybean oil and energy prices, with a recovery in demand from top buyer India further underpinning the tropical oil.

12/07/2023 (Nasdaq), Jakarta - Indonesia is planning to set its crude palm oil (CPO) reference price at $791.02 per metric ton for July 16-31, senior economic ministry official Musdhalifah Machmud said on Wednesday, up from $747.23 per tonne in July 1-15.

13/07/2023 (The Star Online) - MALAYSIA’S premier agribusiness and food company FGV Holdings Berhad has been hard at work sharing with oil palm smallholders FGV’s commitment in implementing the sustainable development policy of the country’s palm oil industry.

13/07/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures extended early losses on Thursday, weighed down by forecast of improving production in the world's second-largest producer, while estimates of all-time high U.S soybean output also dampened sentiment.

13/07/2023 (China Dialogue) - The EU’s unprecedented effort to eliminate deforestation from its supply chains fails to consider the poorest growers that form the backbone of palm oil production, say businesses and civil society in Southeast Asia. The oversight could cost developing countries dear and ultimately risks thwarting the bloc’s plan to protect the world’s forests, they add.

12/07/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures fell on Thursday, surrendering gains from the previous session, tracking losses in rival edible oils after the U.S government forecast a all-time high production of soybeans.