Archived News

12/01/2023 (Malay Mail), Putrajaya - The crude palm oil (CPO) price in 2023 is expected to range between RM4,000 and RM4,200 per tonne as compared to RM5,087.50 per tonne in the previous year, said Malaysian Palm Oil Board (MPOB) director-general Datuk Ahmad Parveez Ghulam Kadir.

12/01/2023 (The Borneo Post) - Deputy Prime Minister and Plantation and Commodities Minister Datuk Seri Fadillah Yusof will leave for Indonesia by February to meet his counterpart and other stakeholders to fight the anti-palm oil lobby.

12/01/2023 (The Edge Markets), Kuala Lumpur - Johor-based oil palm planter and property developer Harn Len Corp Bhd is acquiring a plantation outfit that owns 4,052.6 acres of plantation land in Rompin, Pahang, from textile giant Jakel group for RM54.7 million in a cash-plus-shares deal.

12/01/2023 (Nasdaq) - Malaysian palm oil futures were little changed on Thursday, hovering around three-week lows hit in the previous session due to weak demand.

11/01/2022 (The Star Online), Kuala Lumpur - Malaysia’s December palm oil end-stocks fell to the lowest since August as widespread flooding hit production during the year-end monsoon season, Malaysian Palm Oil Board (MPOB) data showed yesterday.

11/01/2023 (New Straits Times), Kuala Lumpur - Malaysia's palm oil output beat Kenanga Research's expectations in December as the sector offers highly defensive qualities, from resilient food and fuel driven demand to asset-rich net traded assets (NTA).

12/01/2023 (Hellenic Shipping News) - Malaysian palm oil futures fell for a second consecutive session on Wednesday to close at their lowest in nearly three weeks, as fears grew about waning demand after early-January exports plummeted by about half.

11/01/2023 (People Gazette) - Malaysia’s leading securities and investment group, Affin Hwang Investment Bank, said in a note that CPO prices could be supported at 3,700 ringgit. That is about $846 to 4,000 ringgits ($914) per tonne in the short-term, given the seasonally low production period in major producing countries of Indonesia and Malaysia due to the monsoon season.

10/01/2023 (The Star Online), Kuala Lumpur - Malaysia’s total palm oil stocks fell 4.09 per cent to 2.19 million tonnes in December last year from the 2.29 million tonnes recorded the month before.

11/01/2023 (Business Korea) - POSCO International will establish a palm refinery in Indonesia as part of its efforts to transform into a general business company covering energy, food, and eco-friendly parts.

11/01/2023 (Market Screener), Jakarta - Indonesia planned to set its crude palm oil reference price at $920.57 per tonne for Jan. 16-31, up from $858.96 per tonne in Jan. 1-15, deputy coordinating minister of economic affairs Musdhalifah Machmud said on Wednesday.

Malaysia’s total palm oil stocks fell 4.09 per cent to 2.19 million tonnes in December last year from the 2.29 million tonnes recorded the month before.