Archived News

02/02/2023 (New Straits Times) - LETTER: IT was in the early 1990s when it became clear that trans fat was the real culprit behind the rise in cardiovascular diseases around the world. Prior to that, saturated fats were always the bad boy.

01/02/2023 (PR Newswire) - Palm oil is a constituent of many diets worldwide and has other uses. Aside from its widespread use in foods and cosmetics, palm oil is being explored as a potential source of biofuel. Global palm oil demand is expected to soar with increased demands from India, China, Europe, and African countries. Being a tropical crop, the global shortage of palm oil managed to maintain the prices soared up. Also, the global palm oil prices and supply are highly impacted by Indonesia's palm oil trade policy, which has been dynamic in the past months.

BANGI, Jan 31 — Malaysia will continue to collaborate with Indonesia to counter the European Union’s (EU) criticism against palm oil, said Deputy Prime Minister and Plantation and Commodities Minister Datuk Seri Fadillah Yusof.

JAKARTA – The Indonesian Palm Oil Association (GAPKI) expects last year’s decline in palm oil exports, which has been attributed to a volatile regulatory environment and disrupted output, to continue this year.

KUALA LUMPUR: Malaysian palm oil futures on Monday closed at their highest in nearly three weeks on concerns over output, following flooding in the world’s second largest producer.

JAKARTA, Jan 31 (Reuters) - Indonesia's chief economic minister on Tuesday assured no disruption in domestic cooking availability when a higher blend of palm oil-based fuel in biodiesel is launched on Feb. 1, seeking to allay concerns over supply and prices.

SINGAPORE: Palm oil may test a support at 3,888 ringgit per tonne, a break below could open the way towards 3,796 ringgit. The current bounce is expected to be much weaker than the first one from the Dec. 12, 2022 low of 3,721 ringgit.

BANGI: The Advanced Biotechnology and Breeding Centre (ABBC) of the Malaysian Palm Oil Board (MPOB) has been announced as the Mahathir Science Award 2022 recipient under the category of Tropical Natural Resources.

KUALA LUMPUR (Jan 31): Kuala Lumpur Kepong Bhd (KLK) and IOI Corp Bhd are among the plantation companies that should be able to recognise better crude palm oil (CPO) prices than their peers for the fourth quarter of 2022 (4Q2022), as they undertook more aggressive forward-selling activities, according to RHB Investment Bank Bhd.

CAIRO, Jan 31 (Reuters) - Egypt's state grains buyer, the General Authority for Supply Commodities, has bought 35,000 tonnes of vegetable oils in international and local tenders, it said on Tuesday.

Jakarta (ANTARA) - The mandatory Biodiesel 35 (B35) program is expected to distribute 13.15 million kiloliters of biodiesel this year, Deputy for Food and Agribusiness at the Coordinating Ministry for Economic Affairs Musdhalifah Machmud stated.

KUALA LUMPUR: Malaysian palm oil futures slid 3% on Tuesday, ending a three-day climb as Indonesia maintained its domestic sales rule and traders fretted about slow export demand.