Archived News

02/04/2023 (The Edge Markets), Kuching - The UK's decision to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is anticipated to boost trade ties between Malaysia and the country.

03/04/2023 (Business Recorder), Singapore - Palm oil still targets 3,853 ringgit per tonne, as it has broken a resistance at 3,718 ringgit. The break opened the way towards 3,853 ringgit.

03/04/2023 (Business Recorder), Singapore -Malaysian palm oil futures rose nearly 3% on Monday and touched a two-week high, as a rally in crude oil lifted prices.

02/04/2023 (Nasdaq), Singapore - Malaysian palm oil futures rose 2.5% on Monday with prices climbing to their highest in two weeks, underpinned by a rally in the crude oil market.

02/04/2023 (Free Malaysia Today), Petaling Jaya - The UK’s decision to join a regional trade pact is expected to help Malaysia break down the stigma and negative propaganda surrounding palm oil, plantation and commodities minister Fadillah Yusof said today.

02/04/2023 (Malay Mail), Kota Kinabalu - The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) Vice President Tan Sri Andrew Liew, hopes at least one Sabahan will be appointed to serve as a member of the Malaysian Palm Oil Board (MPOB).

02/04/2023 (Channel News Asia), Kuala Lumpur - Malaysia said on Sunday (Apr 2) it has signed a memorandum of understanding with a China government-backed trade association to enhance palm oil trade and cooperation.

02/04/2023 (New Straits Times), Kuala Lumpur - The Malaysian Palm Oil Board (MPOB) has signed a memorandum of understanding (MoU) with the China Chamber of Commerce of Import and Export of Foodstuffs, Native Produce, and Animal By-products (CFNA) to enhance trade and cooperation in the palm oil sector between both countries on palm oil supply chain stabilisation fields.

Malaysian palm oil futures closed at a more than one-week high on Thursday, rising for a fourth consecutive session, underpinned by firm rival edible oils and expectations of lower production.

KUALA LUMPUR: The plantation and commodities ministry says the government does not plan to regulate the price of palm oil as a government-controlled product for now.

Malaysia will keep its export duty on crude palm oil (CPO) unchanged at the top rate of 8pc in April for the 28th consecutive month, according to the Malaysian palm oil board.

Indonesia said the ramp-up toward its latest biodiesel mandate has been slow, but the country will stick to its target of producing fuel using a 35% blend of palm oil this year.