Archived News

28/02/2023 (Business Recorder) - A look at Pakistan’s palm oil import habits would not tell you this is a country in dire straits and short of dollars. Pakistan imported its highest ever monthly palm oil quantity in January 2023 at 0.35 million tons. For seven months of FY23 – palm oil import quantities have increased 9 percent to nearly 2 million tons – and Pakistan is well on course to rake up highest yearly palm oil imports.

01/03/2023 (The Straits Times), Jakarta - An Indonesian court has sentenced palm oil tycoon Surya Darmadi to 15 years in prison and fined him a record 41.9 trillion rupiah (S$3.71 billion) – the first time a penalty for corruption was determined based on losses to the economy, on top of losses to the state.

JAKARTA : Indonesia will boost efforts to ensure a scheme to replant palm oil to lift flagging yields meet a target of 180,000 hectares this year, an official said on Monday, as growers of the edible oil face increased scrutiny over sustainability.

KUALA LUMPUR: Malaysian palm oil futures reversed early losses on Monday, lifted by robust exports, weaker ringgit and weather concerns.

KUALA LUMPUR: FGV Holdings Bhdhttps://cdn.thestar.com.my/Themes/img/chart.png expects to perform satisfactorily in line with the projected favourable crude palm oil (CPO) price movement

The United States grain and oilseed price outlook for 2023 is bearish, according to the U.S. Department of Agriculture.

INDONESIA will boost efforts to ensure that an oil palm replanting scheme meets a target of 180,000 ha this year, a senior official said on Monday (Feb 27).

KUALA LUMPUR, Feb 27 (Reuters) - Malaysian palm oil futures edged lower for a second consecutive session on Monday as traders booked profits, but robust exports and a weaker ringgit kept losses in check.

23/02/2023 (Bangkok Post) - Crude palm oil exports may reach 1 million tonnes this year, up from 919,000 tonnes last year, driven by a higher supply of oil palm and strong demand from India and China, according to the Commerce Ministry.

24/02/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures ended lower on Friday after trading in a tight range, although the contract recorded a third straight weekly jump, underpinned by concerns over tight supply amid improving demand.

26/02/2023 (The Daily Star) - Wholesale and retail prices of palm oil in Dhaka have increased by Tk 8 to Tk 10 per litre in the last couple of days, which importers and traders say was caused by price rises in international markets and a reduction in supply.

23/02/2023 (Health Shots) - Palm oil is not typically people’s first choice when choosing a cooking oil, yet it is frequently used. This edible vegetable oil is a subject of debate for both environmental and health-related concerns. Hence, if you’re unsure whether to get rid of it or consume palm oil, let’s help you decide.