Archived News
19-06-2023
CPO futures set to trade lower on profit-taking next week
17/06/2023(The Star Online), Kuala Lumpur - The local crude palm oil (CPO) futures market is expected to trend lower next week on profit-taking activities.
19-06-2023
All parties must play their role in ensuring palm oil countries to be accepted by the market: Fadillah
18/06/2023 (The Sun Daily), Kuala Lumpur – All parties need to play a role in ensuring that Malaysia’s palm oil industry which is the source of income for over a million people in this country, continue to be accepted by the market, Deputy Prime Minister Datuk Seri Fadillah Yusof said.
19-06-2023
Apex Securities sees CPO prices at RM3,300-RM3,600 per MT amid higher production in 2H2023
16/06/2023 (The Edge Malaysia), Kuala Lumpur - Apex Securities Bhd expects crude palm oil (CPO) prices to average between RM3,300 and RM3,600 per metric ton (MT) for the remainder of 2023, weaker than its 2022 average, amid higher CPO production in the second half of the year (2H2023).
19-06-2023
Indonesia’s Palm Oil Export Down 19.2 Pct in April
16/06/2023 (Jakarta Globe), Jakarta - Indonesia witnessed a 19.2 percent decline in its palm oil exports in April compared to what the country exported the previous month, according to industry association Gapki.
16-06-2023
Hot, dry weather cuts palm oil yields in Malaysia's top producing state
15/06/2023 (The Edge Malaysia), Kuala Lumpur - Palm oil estates in Sabah, Malaysia’s largest producing state of the commodity, are experiencing water stress from early signs of El Niño, cutting yields and exacerbating the impact of under-fertilising and labour shortages seen over the past three years.
16-06-2023
First smallholders cooperative to get Roundtable on Sustainable Palm Oil cert
15/06/2023 (Daily Express), Tawau - Koperasi Landskap Kelapa Sawit Sabah Bhd (LKSS) were awarded the Roundtable on Sustainable Palm Oil (RSPO) certificate.
16-06-2023
Palm oil imports fall 15% to 4.39 lakh tonnes in May
16/06/2023 (The Economic Times) - India's palm oil imports declined 14.59% to 4,39,173 tonne during May this year, but there was a sharp rise in shipments of crude sunflower oil, industry body SEA said on Thursday. India, the world's leading vegetable oil buyer, imported 5,14,022 tonne palm oils in May 2022.
16-06-2023
VEGOILS-Palm oil tracks soyoil higher for third day, weak demand weigh
15/06/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures on Thursday tracked rival soyoil prices higher for a third consecutive session, although bigger stockpiles and weak demand capped the gains.
16-06-2023
VEGOILS-Palm oil in range-bound trade, dry weather and weak demand weigh
15/06/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures traded in a tight range on Thursday as traders weighed bigger May stockpiles against concerns over weak demand and dry weather hitting production.
16-06-2023
Indonesia's April palm oil exports at 2.13 mln tonnes, down 2% y/y
15/06/2023 (Nasdaq), Jakarta - Indonesia's palm oil exports, including refined products, fell 1.93% annually to 2.13 million tonnes in April, data from the Indonesian Palm Oil Association showed on Thursday.
16-06-2023
MPOC: Palm oil industry can lead in sustainable agriculture practice
14/06/2023 (The Star Online), Kuala Lumpur - The palm oil industry has the potential to lead in sustainable agricultural practices, said Malaysian Palm Oil Council (MPOC) chairman Datuk Carl Bek-Nielsen.
16-06-2023
Palm oil rises for third day on concerns over dry weather
15/06/2023 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures rose on Thursday for a third consecutive session, lifted by concerns over hot weather cutting output of both the edible oil and rival U.S. soybeans.