Archived News

Indonesia's state-owned Pertamina has reduced its Indonesian very low-sulphur fuel oil (VLSFO) bunker prices by about 30pc in an effort to compete with other ports, namely Singapore.

JAKARTA: Indonesia set its crude palm oil (CPO) reference price at $893.23 per tonne for the period of May 16-31, a trade ministry decree published on Monday showed.

SINGAPORE: Palm oil still targets 3,707 ringgit per tonne, as it has stabilised around a support of 3,563 ringgit. The support is identified as the 50% retracement of a five-wave cycle from 3,288 ringgit.

KUALA LUMPUR: Some of Malaysia’s largest palm oil producers are not hiring workers from Bangladesh because of concerns over exploitative practices during recruitment, companies and labour consultants say.

(The Jakarta Post) - India's palm oil imports in April slumped 30 percent from a month earlier to hit a 14-month low, as the premium over rival soft oils prompted buyers to shift to sunflower oil and soyoil, a trade body said on Friday.

NEW DELHI: India imported more than 1.5 million tonnes of palm oil from Malaysia over the last six months.

KUALA LUMPUR: There may still be opportunities to accumulate fundamentally sound plantation counters that have benefited from the high crude palm oil (CPO) prices in the past one year, says UOB Kay Hian (UOBKH) Research.

Indonesia’s biofuel program was supposed to be a boon for small farmers. But although the country’s biodiesel production has skyrocketed, many farmers complain that the program hasn’t benefited them. Farmers are still struggling to become part of the biodiesel supply chain, which is dominated by large palm oil firms.

NAPERVILLE, Illinois, May 14 (Reuters) - Speculators made relatively minor changes to their Chicago grain and oilseed positions before the large U.S. government data release on Friday, which gave way to some multi-month or multi-year lows across the board.

11/05/2023 (New Straits Times), Kuala Lumpur - Affin Hwang Investment Bank Bhd said production of crude palm oil (CPO) in Malaysia will rise starting in May and maybe reach a peak in September or October of this year.

11/05/2023 (Malay Mail) - Malaysia and Indonesia will carry out a joint mission to Brussels, the de facto capital of the European Union (EU), at the end of the month over the EU Deforestation Regulation (EUDR), said Deputy Prime Minister and Minister of Plantation and Commodities Datuk Seri Fadillah Yusof today.

11/05/2023 (New Straits Times), Putrajaya - Malaysia will meet leaders of the European Union (EU) member states in Brussels, Belgium at the end of this month to ensure that palm oil products exported to the EU are not banned with the implementation of the European Union Deforestation-free Regulation (EUDR).