Archived News

KUALA LUMPUR, Feb 8 (Reuters) - Malaysian palm oil futures ticked up for the third session in a row on Wednesday, underpinned by concerns of tightening Indonesian supply as the world's largest producer reviews its palm oil export quota.

Malaysia’s palm oil inventories at the end of January likely slipped to a five-month low, as exports and production both plummeted, a Reuters survey showed on Monday.

PETALING JAYA: CGS-CIMB Securities Sdn Bhd expects Malaysia’s palm oil stock to rise 3% month-on-month (m-o-m) to 2.26 million tonnes at end-January 2023 as production and imports exceeded exports and local usage.

JAKARTA: Indonesia will review the ratio of its palm oil export quota amid rising prices of domestic cooking oil, according to the Coordinating Ministry of Maritime and Investment Affairs.

TOKYO -- Indonesia has sent new shock waves through the palm oil industry as it devotes more to domestic use, less than one year after its brief ban on exports propelled international prices on a roller coaster ride.

05/02/2023 (Free Malaysia Today), Petaling Jaya - The withdrawal of the import ban on Sime Darby Plantation Bhd (SDP), after it was cleared of forced labour allegations, bodes well for Malaysia, says human resources minister V Sivakumar.

06/02/2023 (Reuters), Kuala Lumpur - Malaysia's palm oil inventories at the end of January likely slipped to a five-month low, as exports and production both plummeted, a Reuters survey showed on Monday.

06/02/2023 (Business Recorder), Jakarta - Malaysian palm oil futures edged higher on Friday on a weaker ringgit and profit-taking ahead a long weekend, but they still posted weekly losses.

06/02/2023 (Reuters), 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.

07/02/2023 (Taipei Times) - Just as the pace of Indonesia’s economic growth returned to pre-COVID-19 pandemic levels, a slowing global economy has emerged as the biggest threat to sustaining that performance.

06/02/2023 (Hellenic Shipping News) - India’s wheat plantings remained steady despite a rally in price of the staple to a record as farmers in a key producing central state shifted to rapeseed to take advantage of even higher prices for the oilseed, farm ministry data showed on Monday.

02/02/2023 (New Straits Times), Kuala Lumpur - Ekovest Bhd's subsidiary, PLS Plantation Bhd is planning to reduce its oil palm plantation business from 80 per cent currently to just about 15 per cent over the next few years.