Archived News
23-06-2023
Palm oil sector to tap more opportunities in Asean
23/06/2023 (The Star Online), Petaling Jaya - The Malaysian palm oil industry is poised to capitalise on the vast opportunities offered by the Philippines, Vietnam and Myanmar following a two-day trade and networking session hosted by the Malaysian Palm Oil Council (MPOC) this week.
23-06-2023
India’s palm oil imports set to rise 46% as prices fall
23/06/2023 (Free Malaysia Today), Mumbai - India’s palm oil imports in June are set to jump 46% from a month ago to their highest in three months as buyers took advantage of a dip in prices to their lowest in 28 months to increase purchases, five dealers told Reuters.
23-06-2023
Malaysian palm oil industry set to tap more opportunities in ASEAN market
22/06/2023 (The Sun Daily) - The Malaysian palm oil industry is poised to capitalise on the vast opportunities offered by the Philippines, Vietnam and Myanmar following a two-day trade and networking session hosted by the Malaysian Palm Oil Council (MPOC) this week.
23-06-2023
VEGOILS-Palm extends losses after soybean selling momentum eases off
22/06/2023 (Nasdaq), Jakarta - Malaysian palm oil futures continued to fall for the third day on Thursday after a drop in soybean oil selling momentum, as well as a lower-than-expected U.S. biofuel mandate.
23-06-2023
Palm oil falls for second day on US biofuel mandate
22/06/2023 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures fell for a second day on Wednesday following news of a US plan to implement a smaller biofuel mandate than it had initially proposed.
23-06-2023
Surge in edible oil imports cripple local units, tariff hike sought
23/06/2023 (Financial Express) - A sharp fall in the global prices of soyabean, palm and sunflower oils and lower Customs duties of edible oil have led to 18% increase in imports, prompting the domestic manufacturers to seek a policy correction.
22-06-2023
Malaysia keeps July crude palm oil export duty at 8.0%
21/06/2023 (The Star Online), Kuala Lumpur - Malaysia has maintained its July export tax for crude palm oil at 8% and lowered its reference price, a circular on the Malaysian Palm Oil Board website showed on Wednesday.
22-06-2023
S’wak planters group wants MPOB to give smallholders flexibility in purchase of oil palm seedlings
21/06/2023 (The Borneo Post), Miri - Sarawak Dayak Oil Palm Planters Association (Doppa) has called upon Malaysian Palm Oil Board (MPOB) to allow independent smallholders to purchase oil palm seedlings from the commercial plantation nurseries close to their farms to slash transportation costs.
22-06-2023
Palm falls for second day on smaller-than-expected US biofuel mandate
31/06/2023 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures fell for a second day on Wednesday following news of a U.S. plan to implement a smaller biofuel mandate than it had initially proposed.
22-06-2023
MPs demand scrapping exemption on imported crude palm oil
22/03/2023 (Daily News) - MINISTER for Finance and Planning, Dr Mwigulu Nchemba has dropped a hint on plans for East African Community Common External Tariff (EAC CET) on scrapping of imported crude palm oil tariff.
22-06-2023
For the love of samosas?
21/06/2023 (Business Recorder) - In a year of economic gloom and doom, Pakistan is all set to increase its edible oil imports by almost 10 percent during the now concluding FY23, building on gains from a crash in the global commodity prices. During 11MFY23, domestic solvent industry imported 3.6 million metric tons of crude edible oil or raw material equivalents (oilseeds), more than the volume imported in full fiscal year 2022-23. Pakistan’s total edible oil supply during FY23 is expected to clock in at 4.2 million metric tons, after accounting for 0.6 million metric tons extracted from locally produced oilseeds.
22-06-2023
We expect palm oil prices to be fairly steady: Nadir Godrej, Godrej Agrovet
21/06/2023 (Economic Times) - We are quite hopeful of this year. We are doing better than the previous years. Some of our businesses have been challenged like Astec LifeSciences has been challenged, but we have our new R&D centre and there is a lot of interest for the new products that will come out of our R&D centre," says Nadir Godrej, Godrej Agrovet.