Archived News
07-07-2022
Palm oil downstreaming main key in agro-based industries: Ministry
06/07/2022 (Antara News) - Expert staff of the Industry Ministry Andi Rizaldi stated that the program to downstream the palm oil sector was an important key in the downstream policy of agro-based industries.
06-07-2022
Palm oil sets nine-month low on strong exports, bloated reserves
06/07/2022 (The Edge Markets), Singapore - Palm oil plummeted to the lowest since September, taking its losses to 15% since Friday, on top producer Indonesia's move to boost exports after a temporary ban and expectations of a jump in Malaysian stockpiles.
06-07-2022
Indonesia raises palm oil export quota as farmers face 'emergency'
05/07/2022 (The Star Online), Jakarta - Indonesia has raised the palm oil export quota in a bid to cut soaring inventories of the edible oil, a Trade Ministry official said on Tuesday, as a council member in a plantation area warned farmers faced an "emergency" due to tumbling prices.
06-07-2022
Malaysia end-June palm oil stocks hit 7-month high as exports drop
05/07/2022 (The Star Online), Kuala Lumpur - Malaysia's palm oil inventories at end-June likely climbed to their highest levels in seven months, as exports plunged following top producer Indonesia's return to the export market, a Reuters survey showed on Tuesday.
06-07-2022
Felcra distributes RM153m in profits to 75,800 participants
06/07/2022 (The Malaysian Reserve) - FELCRA Bhd announced an interim distributable profit payment 1/2022 totalling RM153 million to its 75,800 participants nationwide this year.
06-07-2022
MPIC steps up efforts to counter ‘anti-palm oil allegations, narratives’
06/07/2022 (The Borneo Post), Kuching - The Ministry of Plantation Industries and Commodities (MPIC) has to come to terms with a potentially steady decline of palm-based biofuel imports from the European Union (EU).
06-07-2022
Malaysian palm oil exporters may face stiff competition in coming months, says PublicInvest
04/07/2022 (The Edge Markets), Kuala Lumpur - PublicInvest Research has maintained its “neutral†rating on the plantation sector and said Malaysian palm oil exporters may be facing stiffer competition in the coming months as Indonesia has proposed to raise palm oil export quotas last Friday due to excessive palm oil inventories in the world’s largest producing country.
06-07-2022
MPIC to step up palm oil promotional efforts
05/07/2022 (The Malaysian Reserve) - THE Ministry of Plantation, Industries and Commodities (MPIC) will step up effort to promote palm oil before being “eliminated totally†as a European Union (EU) biofuel source in 2030.
06-07-2022
Palm hits over 9-month low as Indonesia boosts exports
05/07/2022 (Business Recorder) - Malaysian palm oil futures extended losses on Tuesday to hit their lowest levels since September, dragged down by concerns that Indonesia’s larger export quota would further hurt demand for Malaysian palm oil amid high inventories.
05-07-2022
Crude palm oil price likely to remain elevated
PETALING JAYA: The current contraction in the price of crude palm oil (CPO) is justifiable, given that it grew too fast compared with the previous year and seemingly has peaked as the market assesses the impact of the Russian-Ukraine war and inflation.
05-07-2022
Palm oil plummets as Indonesian exports set to 'flood' market
KUALA LUMPUR/SINGAPORE (July 4): Palm oil slumped more than 7% to the lowest close since December after top producer Indonesia announced an increase in export quotas in an attempt to cut bloated domestic inventories.
05-07-2022
Analysts mixed on plantation sector's outlook
KUALA LUMPUR (July 4): Analysts are mixed on the plantation sector in view of the impact of supply concerns due to the prolonged war in Ukraine, Indonesia’s proposed palm oil export quota hike and excessive inventories.