Archived News
06-05-2024
NST Leader: Of palm oil and boycott peddlers
05/05/2024 (New Straits Times) - CALL it audacity on steroids. How else would you tag the peddling of anti-palm oil products in oil palm-rich Malaysia? Such brazenness came to light on Thursday when a convenience store was caught retailing products bearing the "No palm oil" (NPO) label in Putrajaya, the home of enforcers.
06-05-2024
Malaysia palm oil stocks seen declining to the lowest in a year: Reuters poll
03/05/2024 (Channel News Asia), Jakarta - Malaysia’s palm oil inventories likely shrank further in April to hit their lowest in a year as local consumption increased amid festive demand, a Reuters survey showed on Friday.
06-05-2024
Issue warning, not RM250,000 fine for first-time 'no palm oil' label offences, urges Mydin boss
04/05/2024 (The Star Online), Petaling Jaya - Retailers found selling products with labels that discriminate against palm oil products should only be given a warning if it is a first-time offence, says Bumiputera Retailers Association president Datuk Ameer Ali Mydin.
06-05-2024
Govt to expose companies misappropriating subsidised cooking oil, says minister
05/05/2024 (Free Malaysia Today), Bangi - The names of subsidised cooking oil repackaging companies found to have been engaged in fraudulent activities will be revealed once the ministry has received the full report on the issue, says the domestic trade and cost of living minister Armizan Mohd Ali.
06-05-2024
Palm oil almost flat but logs fourth consecutive weekly loss
03/05/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures were little change on Friday but loggeda fourth consecutive week of losses, as declining exports and lower soybean oil prices weighed.
06-05-2024
India's April palm oil imports jump 41% to three-month high, say dealers
02/05/2024 (The Edge Malaysia), Mumbai - India's palm oil imports jumped by 41% in April from the previous month to reach the highest level in three months, as easing prices prompted refiners to increase purchases, five dealers told Reuters.
06-05-2024
Malaysia and Japan test recycling dead palm trees into biofuel
02/05/2024 (Nikkei Asia), Kuala Lumpur - Japanese and Malaysian researchers are testing a process to turn felled palm trees into biomass that serves as a renewable source of energy.
06-05-2024
Nebraska Celebrates Renewable Fuels Month This May
05/05/2024 (Rural Radio) - Renewable Fuels Month highlights the importance of renewable biofuels, such as ethanol and biodiesel, especially for Nebraskans. The month of May marks the beginning of the summer driving season, making it an ideal time to fuel up on clean and cost-saving biofuels. Ethanol, renewable diesel and biodiesel help to decrease America’s dependence on foreign oil, boost our nation’s economy, and support thousands of jobs in rural communities.
02-05-2024
Sabah must push for expansion of downstream palm oil sector, says Deputy Minister
30/04/2024 (The Star), Kota Kinabalu - Sabah's palm oil industry needs to urgently expand its downstream sector to bridge the gap with counterparts in Peninsular Malaysia, says Datuk Chan Foong Hin.
02-05-2024
Main Market debutante MKH Oil Palm anticipates stronger margins this year on lower fertiliser costs
30/04/2024 (The Edge Malaysia), Kuala Lumpur - MKH Oil Palm (East Kalimantan) Bhd (MKHOP), fresh off its Main Market debut on Tuesday, is anticipating a reduction of fertiliser costs this year, which will have a positive impact on the company's margins and its bottomline.
02-05-2024
Palm oil slips 2% on expectations of weak export data
30/04/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures fell on Tuesday after gaining for two consecutive sessions, weighed by expectations of lower exports in the world's second-biggest producer and weak Chicago soyoil prices.
02-05-2024
Rimbunan Sawit expects bumper crop in FY2024, FFB production to grow 40%
30/04/2024 (The Edge Malaysia), Kuala Lumpur - Rimbunan Sawit Bhd is expecting around 40% increase in its fresh fruit bunches (FFB) production for the current financial year ending Dec 31, 2024 (FY2024) and is anticipating higher crude palm oil (CPO) prices for the year due to growing demand.