Archived News

19/01/2023 (The Jakarta Post) - Indonesian exports, which generated about US$54.5 billion in trade surplus last year, up by 50 percent from 2021, are widely predicted to decline this year due to the weakening commodity market as the risks of economic recession have pressed down global demand for goods.

17/01/2023 (Asia News Network), Jakarta - As Indonesia and Malaysia account for almost 90 percent combined of the world’s palm oil production and this commodity plays a very important role in their economies, supplying almost 50 percent of the global vegetable oil, the two countries should have been able to come together to become a leader in the edible oil market.

17/01/2023 (Nasdaq), Singapore - Exports of Malaysian palm oil products for Jan. 1-15 fell 28.5 percent to 453,771 tonnes from 634,618 tonnes shipped during Dec. 1-15, cargo surveyor Societe Generale de Surveillance said on Tuesday.

18/01/2023 (Bangkok Post) - The government remains bullish on the price prospects of domestic fresh palm nuts, although local production and demand and global palm oil prices remain highly volatile.

17/01/2023 (Dawn), Karachi - In a bid to avert any shortage of ghee/cooking oil in Ramazan, the Ministry of Industries (MoI) and the State Bank of Pakistan (SBP) on Monday agreed to remove bottlenecks for speedy clearance of 385,000 tonnes of palm oil stuck at customs bonded warehouses due to non-retiring of documents.

17/01/2023 (Daily Sabah) - Türkiye's Yalova Municipality launched a campaign to encourage the public not to throw away used cooking oil, instead asking them to hand over 5 liters of used oil to the municipality to receive a new 1 liter of sunflower oil as part of its zero waste project.

16/01/2023 (The Star Online), Bangi - The strategic cooperation with Indonesia to fight the anti-palm oil lobby will be able to put pressure on the European Union (EU), says Malaysian Palm Oil Board (MPOB) director-general Datuk Dr Ahmad Parveez Ghulam Kadir.

16/01/2023 (Malay Mail), Kuala Lumpur - Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives (BMD) rebounded from last week’s decline to end marginally higher today, as bargain hunting emerged due to the recent sell-down following a sluggish export pace, dealers said.

16/01/2023 (The Sun Daily), Kuala Lumpur - The Malaysian Palm Oil Board (MPOB) has denied allegations of bureaucracy bogging down the licensing renewal process for oil palm fruit dealers (DFs), noting that the process would be immediate if there have been no changes to the business entity or the ownership of the premises licensed.

16/01/2023 (The Malaysian Insight) - THE Malaysian Palm Oil Board (MPOB) has denied allegations of bureaucracy bogging down the licence renewal process for oil palm fruit dealers (DFs), noting that the process would be immediate if there have been no changes to the business entity or the ownership of the premises licensed.

15/01/2023 (The Star Online), Johor Bahru - The supply of cooking oil and pricing issues are expected to stabilise after the plantation industry players have resolved the problem over foreign labour shortage.

17/01/2023 (Yahoo Finance) - Interest in biofuels has exploded in recent years, and as governments pursue both energy security and lower emissions, that interest is only rising. Following a flurry of new climate policies worldwide, energy companies are looking to reduce their emissions while ensuring the stability of their legacy businesses. Meanwhile, countries around the world are looking for energy sources that can be secured domestically. The U.K. and Mexico are two such countries, with both of them now looking to vegetable oil as a potential energy source for heating and transport.