Archived News

09/02/2023 (The Edge Markets), Jakarta/Kuala Lumpur - The world’s top palm oil producing nations will send a team to the European Union (EU) to discuss the bloc’s new deforestation law and prevent “unintended consequences” for the industry and its millions of small farmers.

08/02/2023 (DW) - The EU has been negotiating an economic partnership agreement with Indonesia for almost seven years. Talks this week present a new opportunity for a breakthrough.

09/02/2023 (New Straits Times), Jakarta - Malaysia will formulate strategies with Indonesia for a mission to the European Union (EU) to find out and give feedback on the bloc's policy development on palm oil, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

10/02/2023 (Hellenic Shipping News) - Malaysian palm oil futures retreated from a one-month high on Thursday as traders booked profits, while losses in rival edible oils due to higher-than-expected U.S. supplies added pressure.

09/02/2023 (Premium Times) - Oil palm producer Presco Plc logged its peak turnover since 2011 as Russia-Ukraine war disrupted the global supply chain of sunflower oil, details of the firm’s 2022 financials have shown.

09/02/2023 (Tempo.Co) - Indonesia has officially handed over the leadership of the Council of Palm Oil Producing Countries (CPOPC) to Malaysia for 2023. The hand-over ceremony took place at the Hotel Mandarin Oriental in Jakarta on Thursday, February 9.

08/02/2023 (Free Malaysia Today), Putrajaya - Malaysia, the world’s second-biggest palm oil producer, is weighing a range of trade curbs to strike back against what it calls unfair policies from the European Union that block market access for the tropical oil.

09/02/2023 (The Star Online), Kuala Lumpur - Malaysia, the world’s second-biggest palm oil producer, is weighing a range of trade curbs to strike back against what it calls unfair policies from the European Union (EU) that block the market access of the tropical oil.

07/02/2023 (The Star Online), Jakarta - Indonesia's state energy company Pertamina is targeting oil and gas lifting in 2023 of around 900,000 barrels of oil equivalent per day (boepd), up 5% from the previous year, chief executive Nicke Widyawati told a parliamentary hearing on Tuesday.

08/02/2023 (The Malaysian Reserve) - THE Philippines, which vies with Indonesia as the top producer of coconut oil, is embarking on an ambitious programme to boost output, betting on booming demand for the commodity used in food, lipsticks and biofuels.

07/02/2023 (The Sun Daily), Jakarta - Indonesia will suspend some palm oil export permits to secure domestic supply amid rising cooking oil prices ahead of upcoming Islamic festivals, senior cabinet minister Luhut Pandjaitan said on his official Instagram account on Monday.

KUALA LUMPUR, Feb 7 (Reuters) - A new European Union law preventing the import of commodities linked to deforestation risks sidelining small farmers who are unable to meet the burdensome cost of compliance, the head of the Roundtable on Sustainable Palm Oil (RSPO) said on Tuesday.