Archived News

17/04/2023 (Business Recorder), Singapore - Palm oil may test a resistance zone of 3,729-3,740 ringgit per tonne, a break above which could lead to a gain to 3,797 ringgit.

16/04/2023 (The Star Online), Petaling Jaya - The Domestic Trade and Cost of Living Ministry is ready to cooperate with any party related to the alleged overpayment of RM9mil in cooking oil subsidies, says its secretary-general Datuk Azman Mohd Yusof.

15/04/2023 (The Star Online), Putrajaya - The government has to approve an additional quota of subsidised cooking oil for operational purposes and to ensure sufficient supply in the market, says the Domestic Trade and Cost of Living Ministry.

16/04/2023 (Malay Mail), Kuala Lumpur - The secretary-general of the Domestic Trade and Consumer Affairs Ministry (KPDNHEP) has clarified that he is not a suspect in the ongoing investigations into the alleged overspending on cooking oil subsidies last year.

14/04/2023 (Daily Express), Sandakan - The supply of sugar, subsidised packet cooking oil, and flour in the district is sufficient and there is no shortages or cut-off.

13/04/2023 (Antara News), Jakarta - President Joko Widodo (Jokowi) has emphasized that MinyaKita, the subsidized cooking oil brand launched by the Trade Ministry, is being prioritized for low-income residents who need it the most.

14/04/2023 (Reuters), Kuala Lumpur - When palm oil prices soared to record highs last year, a Malaysian estate manager surnamed Lim postponed replanting his old, unproductive trees for a third consecutive year to lock in profits - a decision he regrets and is scrambling to fix.

12/04/2023 (The Star Online), Petaling Jaya - The outlook for crude palm oil (CPO) has brightened over the past month with a pick up in exports following poorer Latin American soyabean harvest.

13/04/2023 (The National) - STATISTICS for the oil palm industry since the enactment of the Oil Palm Industry Corporation Act of 1992 have shown a steady increase in production and exports of crude palm oil.

13/04/2023 (Eco Business) = In 2011, Japan faced an unprecedented energy crisis after the Tohoku earthquake had devastated the country and badly damaged the Fukushima Daiichi Nuclear Power Plant. The country’s entire nuclear fleet – 54 plants in total – was shut down for safety reasons. For months, the country faced power shortages and the risk of blackouts.

13/04/2023 (Nasdaq), Jakarta - Malaysian palm oil futures slid for a second straight session on Thursday, to theirlowestclosing price in two weeks, weighed by softer rival oils and a firmer ringgit.

13/04/2023 (Business Recorder), Singapore - Palm oil may test support of 3,671-3,683 ringgit per tonne, a break below which could open the way towards the 3,577-3,613 ringgit range. The contract is riding on a wave c, which is heading towards its 100% projection level of 3,671 ringgit.