Archived News
22-03-2023
Palm oil may bounce further to 3,931 ringgit
SINGAPORE: Palm oil may bounce further to 3,931 ringgit per tonne, as suggested by its wave pattern and a falling channel. The chart was a bit distorted by a contract switch on March 17. Due to this distortion, market may not fulfil its target of 3,736 ringgit. Indeed, the contract only narrowly missed this target.
22-03-2023
Palm unchanged after three days of losses
Malaysian palm oil futures were unchanged on Tuesday after rising earlier in the day on bargain buying, but firmer currency and expectations of improving production pressured the price.
22-03-2023
USDA attache sees Indonesia 2023/24 palm oil production at 46 million T
Following are selected highlights from a report issued by the U.S. Department of Agriculture’s (USDA) Foreign Agricultural Service post in Jakarta:
22-03-2023
Indonesia, Malaysia send aid of 100,000 oil palm seedlings to Honduras
Jakarta (ANTARA) - Indonesia and Malaysia have donated 100 thousand germinated oil palm seedlings to help hundreds of Honduran farmers affected by the 2020 hurricanes, Coordinating Minister for Economic Affairs Airlangga Hartarto has said.
22-03-2023
Soyabean, palm oil imports increased by 148.67pc, 9.87pc in eight months
ISLAMABAD-The imports of edible oil including soyabean and palm oil into the country during the first eight months of the current financial year increased by 148.67 percent and 9.87 percent, respectively, as compared to the imports of the corresponding period of last year.
22-03-2023
MPOB, Tsinghua varsity to conduct research on using palm biodiesel in vehicle engines
KUALA LUMPUR: The Malaysian Palm Oil Board (MPOB) is collaborating with Tsinghua University in China to conduct research on field studies using palm biodiesel in Chinese-made vehicle engines.
21-03-2023
VEGOILS-Palm drops to over five-week low on weaker rival oils, stronger ringgit
20/03/2023 (Nasdaq), Jakarta - Malaysian palm oil futures dropped for a third straight session on Monday to their lowest in more than five weeks, tracking weakness in rival vegetable oils and a stronger ringgit.
21-03-2023
Telangana: Palm oil cultivation to be increased to 2 lakh acres
20/03/2023 (The Siasat Daily), Hyderabad - Telangana agriculture department is set to increase the area under palm oil cultivation to 10 lakh acres in the next four years and plans to cultivate palm oil in 2 lakh acres in the year 2023-24.
21-03-2023
West Kalimantan, palm oil companies cooperate to build roads
20/03/2023 (Antara News), Pontianak - The Provincial Government of West Kalimantan continues to strengthen collaboration with palm oil plantation companies to build provincial-status roads by signing an agreement to maintain these roads.
21-03-2023
Huge untapped potentials in Malaysia-Turkiye’s trade, investment
20/03/2023 (The Malaysia Reserve) - THERE is a huge untapped potential in trade and investment between Turkiye and Malaysia.
21-03-2023
Malaysia’s trade up 11% in February, exports expand 10%
20/03/2023 (Free Malaysia Today), Petaling Jaya - Malaysia’s February trade data remained on an upward trajectory with double-digit year-on-year growth of 11% to RM204.99 billion.
20-03-2023
Red alert over proliferation of adulterated palm oil in markets
Experts have raised concern over the proliferation of adulterated palm oil across markets in the country.