Archived News
24-05-2023
Sarawak to use palm oil by-products to produce fertiliser, animal feed, says state minister
23/05/2023 (Malay Mail), Kuching - Sarawak is turning towards utilising oil palm by-products as raw material to produce fertiliser, animal feed and source of energy.
24-05-2023
Fitch group research house sees further downside ahead for palm oil prices in Malaysia
22/05/2023 (News Straits Times), Kuala Lumpur - BMI Industry Research, a Fitch Solutions unit, today projected further downside ahead for palm oil prices in the country before a slight recovery in the second half, reported Xinhua.
24-05-2023
Palm oil import in May to hit 27-mnth low, traders switch to soy, sunflower
23/05/2023 (Business Standard) - India's palm oil imports in May are set to fall to their lowest in 27 months as its rare premium other edible oils prompted buyers to cancel cargoes and replace them with soyoil and sunflower oil, dealers and cargo surveyors said on Tuesday.
24-05-2023
Palm ends at over three-week low on slow demand, higher output expectations
23/05/2023 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures fell on Tuesday for a second session, hitting their lowest closing in over three weeks, as slower demand and expectations of higher production weighed on the market.
24-05-2023
Palm oil may retest resistance at 3,498 ringgit
23/05/2023 (Business Recorder), Singapore - Palm oil may retest a resistance at 3,498 ringgit per tonne, a break above which could lead to a gain to 3,563 ringgit.
24-05-2023
4,400kg of subsidised cooking oil seized in Sandakan
23/05/2023 (New Straits Times), Sandakan - The Domestic Trade and Cost of Living Ministry busted a subsidised cooking oil syndicate following the seizure of 4,400 kilogrammes of the oil in a raid at Batu 9, near here, yesterday.
24-05-2023
Marine cops foil cooking oil, fuel smuggling bid in Semporna
23/05/2023 (The Star Online), Kota Kinabalu - The marine police foiled an attempt to smuggle out over 1,000kg of subsidised cooking oil and petrol by three men to the Philippines in Sabah’s east coast Semporna district.
23-05-2023
Palm oil ends lower
23/05/2023 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures fell on Monday, down for a fifth session in six, as subdued demand, rising production, and losses in rival edible oils weighed on the market.
23-05-2023
Fitch group research house sees further downside ahead for palm oil prices in Malaysia
22/05/2023 (New Straits Times), Kuala Lumpur - BMI Industry Research, a Fitch Solutions unit, today projected further downside ahead for palm oil prices in the country before a slight recovery in the second half, reported Xinhua.
23-05-2023
TSH Resources optimistic about 2023 performance
22/05/2023 (The Star Online), Kuala Lumpur - TSH Resources Bhd is optimistic of achieving satisfactory performance for the year 2023.
23-05-2023
CPO price to rise in 2024, as El Nino reduces output
22/05/2023 (New Straits Times), Kuala Lumpur - Affin Hwang Investment Bank Bhd forecasted a rise in crude palm oil (CPO) prices, particularly in 2024, since the output will be hampered by the climatic phenomenon of El Nino.
23-05-2023
Palm oil drops on losses in rival cooking oils and poor demand
22/05/2023 (The Malaysian Reserve) - Palm oil tumbled in Kuala Lumpur, dragged down by losses in competing cooking oils as well as weaker-than-expected demand from key buyers.