Archived News
23-02-2023
Soybeans Slip Lower On Wednesday
23/02/2023 (Barchart) - Soybeans were down ¼ to 9 ¼ cents out to the summer 2024 contracts, with a few deferred contracts beyond that up ¼ to 2 ¾ cents. Meal was $3.20 to 5.10 lower in the front months, to add pressure to the complex. Soy oil was up 5 to 10 points in the front months.
22-02-2023
Palm Oil Producers Only Reach 43.56 Percent of DMO Target
21/02/2023 (Tempo.Co), Jakarta - The Indonesian Trade Ministry’s acting director general of domestic trade, Kasan, said the oil palm domestic obligation market (DMO) realization had only reached half of the target. The government has increased the palm oil DMO to 450,000 tons to produce cooking oil sold in bulk and under the Minyakita brand.
22-02-2023
KPPU Talks About Hoarding of Cooking Oil Minyakita, Shortage in Markets
21/02/2023 (Tempo.co) - The Business Competition Supervisory Commission (KPPU) chairperson M Afif Hasbullah revealed a number of findings of hoarding of bulk cooking oil in simple packaging dubbed Minyakita reaching hundreds of tons.
22-02-2023
Palm oil gains for second week on weaker ringgit
20/02/2023 (Business Recorder), Jakarta - Malaysian palm oil futures hit their highest close in more than six weeks on Friday and posted a second straight weekly gain, supported by stronger rival edible oils on the Dalian exchange and a weaker ringgit.
22-02-2023
Palm oil down after three-day rally on weaker rival oils
22/02/2023 (Business Recorder) - Malaysian palm oil futures ended lower on Tuesday on profit-taking after a three-day rally tracking weakness in rival edible oil prices, although concerns over potentially lower production limited losses.
22-02-2023
Boustead Plantations ends FY22 with RM1.2bil in revenue
21/02/2023 (New Straits Times), Kuala Lumpur - Boustead Plantations Bhd (BPB) registered a revenue of RM1.2 billion for the financial year December 31, 2022 (FY22) from RM1.1 billion gained in FY21.
22-02-2023
Egypt, Malaysia to discuss investment opportunities in palm oil
20/02/2023 (Zawya), Egypt - Minister of Trade and Industry Ahmed Samir has met with a delegation of one of the largest Malaysian companies, which is currently visiting Egypt, to discuss investment opportunities in the field of palm oil.
22-02-2023
B35 to Spur 2 Million-Ton Increase in Domestic Palm Oil Demand
19/02/2023 (Jakarta Globe), Jakarta - The B35 policy -- which increases the palm-oil based biodiesel blend from 30 percent to 35 percent -- could increase domestic demand for palm oil by 2 million tons, an industry executive has said.
21-02-2023
Quanzhou to procure Malaysian palm oil
A DELEGATION from Quanzhou, China recently met with the Malaysian Palm Oil Board (MPOB) to procure palm oil to fulfil China’s demand for peak food production season in the third quarter of this year (3Q23).
21-02-2023
VEGOILS-Palm rises for third day on Dalian gains, stronger crude oil
JAKARTA, Feb 20 (Reuters) - Malaysian palm oil futures rose for a third consecutive session on Monday, tracking strength in rival edible oils in China and crude oil.
21-02-2023
CPO futures end higher on continuation of bullish trend
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives (BMD) ended higher today as a bullish recovery from last week continued, said a dealer.
21-02-2023
Cost pressures continue to weigh on Sime Darby Plantation
KUALA LUMPUR: Sime Darby Plantation Bhdhttps://cdn.thestar.com.my/Themes/img/chart.png's outlook remains challenging as it faces pressure on its margins amid the prospect of softer palm oil prices in 2023.