Archived News

12/07/2023 (Malay Mail), Kuala Lumpur - Effective diplomacy between Malaysia and the United Kingdom (UK) plays a vital role in understanding differing perspectives on issues such as palm oil and human rights, said British High Commissioner to Malaysia, Charles Hay. Palm oil, a contentious issue between Malaysia, the UK, and the European Union, has prompted discussions aimed at deepening understanding, he said on Bernama TV’s The Nation today.

12/07/2023 (New Straits Times), Kuala Lumpur - The government's willingness to consider drastic measures to help rubber settlers switch to other commodity crops such as oil palm will help provide them with a better income in the future.

12/07/2023 (Nasdaq) - Malaysian palm oil futures ended 1% higher on Wednesday, recouping losses on robust demand and as the market digested smaller-than-expected end-June inventories.

11/07/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures rebounded on Wednesday, lifted by robust demand for the commodity and tracking higher rival soyoil prices.

12/07/2023 (Business Recorder) - Malaysia’s palm oil inventories rose at the end of June but at a much slower than expected pace, as production declined and exports jumped, data by the country’s palm oil board showed on Monday.

12/07/2023 (The Star Online), Kuala Lumpur - The plantations sector could be poised for an upcycle should the El Nino weather phenomenon play out as expected.

11/07/2023 (The Star Online), Petaling Jaya - Malaysia’s total palm oil stock increased by 1.92% to 1.72 million tonnes in June 2023 from 1.69 million tonnes in the preceding month.

11/07/2023 (New Straits Times), Kuala Lumpur - Crude palm oil (CPO) prices may end up higher than the currently expected average of RM3,700 per tonne for 2023 to 2024, Kenanga Research said.

10/07/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures rose for a second session on Tuesday, underpinned by improving export demand and a slower-than-anticipated rise in inventories.

11/07/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures reversed early gains to end lower on Tuesday as traders weighed expectations of rising production against improving export demand.

11/07/2023 (The Star Online), Putrajaya - The Domestic Trade and Cost of Living Ministry will work with the relevant enforcement agencies to beef up controls on distribution of controlled goods, especially cooking oil, at the country’s borders.

11/07/2023 (BD News24.com) - The government has lowered cooking oil prices by Tk 5-12 per litre following a fall in prices on the global market.