Archived News
20-02-2023
Quanzhou deputy mayor calls for Malaysian palm oil producers, traders to expand to the city
17/02/2023 (New Straits Times), Kuala Lumpur - A delegation from the city of Quanzhou, Fujian, in China, has called on Malaysian palm oil producers and traders to expand business contacts with the city.
20-02-2023
M’sia targeting to supply more palm oil to Germany, urges EU not to be rigid with regulations
17/02/2023 (The Borneo Post), Kuala Lumpur - Prime Minister Datuk Seri Anwar Ibrahim hopes the European Union (EU) will not be too rigid with its regulations imposed on Malaysian export commodities, especially palm oil products.
17-02-2023
Efforts to promote palm oil-based products in international markets to be enhanced
16/02/2023 (New Straits Times), Kuala Lumpur - Efforts to promote Malaysian palm oil-based products will continue to be enhanced by the Malaysian Palm Oil Council (MPOC).
17-02-2023
India’s January palm oil imports fall 25% m/m – trade body
16/02/2023 (Hellenics Shipping News) - India’s palm oil imports in January fell about 25% from the previous month to 833,667 tonnes, a trade body said on Wednesday.
17-02-2023
Palm drops as exports slow, rival oils decline
16/02/2023 (Hellenics Shipping News) - Malaysian palm oil fell on Wednesday as export data from cargo surveyors showing a slowdown and lower prices of rival edible oil weighed on sentiment.
17-02-2023
Bursa Malaysia opens marginally lower
16/02/2023 (The Malaysian Reserve), Kuala Lumpur - Bursa Malaysia retreated from yesterday’s gains and opened marginally lower today as investors turned cautious in view of the strong US retail data, which might indicate potential interest rate hikes by the US Federal Reserve (Fed) going forward.
17-02-2023
AG's Report 2021: Govt received no dividend from MOF Inc-backed Felcra for three years
16/02/2023 (The Edge Markets), Kuala Lumpur - The federal government did not receive dividends from Felcra Bhd from 2019 to 2021, according to the Auditor General’s Report 2021 Series 2.
17-02-2023
Cooking oil import queries
17/02/2023 (Business Daily) - In early December, I received a call from a large Eastleigh-based trader and wholesaler dealing mainly in imported fast-moving consumer products who requested a meeting with me.
16-02-2023
Key factors driving CPO prices up
14/02/2023 (The Star Online), Petaling Jaya - Crude palm oil (CPO) stocks which rose 3% month-on-month to 2.27 million tonnes at end-January, may get some respite in the near-term due to key factors that will drive up the commodity’s price.
16-02-2023
Indonesia further curbs palm oil exports
15/02/2023 (World Grain), Jakarta/Indonesia - A projected 400,000 to 800,000 tonnes of Indonesian palm oil are expected to be blocked from the global market over the next three months after the government said it would suspend two-thirds of palm oil exports in order to shore up domestic cooking oil supplies, according to a Global Agricultural Information Network report from the Foreign Agricultural Service o the US Department of Agriculture (USDA).
16-02-2023
India seen coping with Indonesia curbs on palm oil exports
15/02/2023 (Hellenic Shipping News) - Indonesia’s plans to restrict palm oil exports are unlikely to create a shortage in top consuming market India, where stocks have risen to a record high following aggressive imports in the past three months, industry officials said.
16-02-2023
Palm oil rebounds on bargain-buying
15/02/2023 (Business Recorder), Jakarta - Malaysian palm oil rose on Tuesday, snapping three days of losses, as traders sought bargain amid firmer rival oil prices and higher exports.