Archived News

13/02/2023 (Free Malaysia Today), Kuala Lumpur - Research houses are retaining their “neutral” calls on the plantation sector after data revealed Malaysia’s crude palm oil (CPO) stocks increased 3% month-on-month (m-o-m) to 2.3 million tonnes at the end of January.

13/02/2023 (Food Ingredients First) - With aims to secure a steady flow of palm oil exports from Asia toward the EU, Indonesia and Malaysia are sending a joint delegation to Europe to gather more information and present their views on the bloc’s future policy regarding the commodity. A new ban on deforestation-linked commodities may block future imports of palm oil from the two countries.

14/02/2023 (Hellenics Shipping News) - Malaysian palm oil futures dropped for a third day on Monday after rival oils turned negative and dragged on sentiment for palm despite strong export data.

Indonesia and Malaysia have agreed to step up efforts to fight discrimination against palm oil and protect the industry by sending a mission to the European Union, which has issued a new policy to block the sale of palm oil.

Malaysia's palm oil inventories at the end of January rose for the first time in three months, as a surge in imports helped cushion a fall in production and exports, data from the nation's palm oil board showed on Friday.

With a sharp fall in retail prices of edible oils over the last six months in line with the global trend, the government is considering withdrawing the import duty concessions on these products.

Malaysian palm oil futures eased on Friday on a rise in January stocks, although stronger exports and higher Indonesian export taxes helped the benchmark contract log a weekly gain

Malaysia’s stellar economic performance momentum, which is anticipated to start moderating this year, can be mitigated by a sustainable growth model centred on investments and savings, say economists.

U.S. soybean futures edged higher while corn and wheat slipped in choppy Asian trading on Friday, following uninspiring export data and with traders monitoring production prospects in drought-hit Argentina.

Crude palm oil (CPO) prices are expected to hover between RM3,500 and RM4,000 per tonne, said Kenanga Research.

Ghee and cooking oil manufacturing companies have become completely unbridled as the price of ghee in retail has shot up by Rs80 per kilo in Karachi while that of cooking oil by Rs45 per liter.

09/02/2023 (Channel News Asia), Jakarta - Indonesia and Malaysia have agreed to conduct a joint mission to the European Union (EU) to discuss the impact of the bloc’s regulations on the two countries’ palm oil industries.