Archived News
09-01-2023
Malaysia, Indonesia eye expansion of trade
08/01/2023 (Xinhua Net) - Malaysia aims to boost bilateral trade with neighboring Indonesia including cross-border investments in a number of key sectors, a Malaysian official said on Sunday.
09-01-2023
CPO futures end lower on weaker soybean oil price
07/01/2023 (The Star Online), Kuala Lumpur - Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives extended yesterday’s losses to end lower today, following weakness in the Chicago Board of Trade soybean oil futures, said a dealer.
06-01-2023
Malaysia's end-Dec palm oil stocks seen falling to four-month low
Malaysia's palm oil inventories at end-December likely shrank to the lowest in four months as production and exports slowed, a Reuters survey showed on Thursday.
06-01-2023
MPOB to hold Palm Oil Economic Review and Outlook Seminar 2023 on Jan 12
The Malaysian Palm Oil Board (MPOB) is organising the Palm Oil Economic Review and Outlook Seminar 2023 next Thursday (Jan 12) to disseminate information regarding the performance of the Malaysian oil palm industry in 2022, market prospects and price outlook for 2023 as well as the latest market developments in the industry.
06-01-2023
Palm oil slips for second session
Malaysian palm oil futures fell for a second consecutive session on Thursday as rival oils weakened, but a likely drop in December inventories helped limit losses.
06-01-2023
Godrej Agrovet to set up ₹250-crore edible oil plant in Telangana
Food and agri conglomerate Godrej Agrovet will be setting up an edible oil processing plant in Khammam district, with an investment of ₹250 crore.
06-01-2023
China commodity bulls see big gains after near-term Covid pain
China’s abandonment of zero-Covid is stirring hopes that a demand recovery in the world’s biggest commodities importer will boost prices once the country gets over the current virus wave.
05-01-2023
Indonesian court jails former trade official, palm oil company execs
04/01/2023 (Malay Mail), Jakarta - An Indonesian court today sentenced a former senior official at the trade ministry and three palm oil company executives to jail in a case about improper palm oil export permits, according to lawyers.
05-01-2023
Lower palm oil prices likely but markets wary of supply, recession risks
04/01/2023 (Hellenic Shipping News) - Crude palm oil prices may ease in 2023 after hitting record highs last year, but “wild cards” such as Malaysia’s labor crunch at its palm plantations, China’s re-opening, and looming recession fears could upend forecasts, industry sources warned.
05-01-2023
Indonesia will export less palm oil to keep supplies at home
03/01/2023 (The Malaysian Reserve) - INDONESIA, the world’s biggest palm oil producer, is set to export less of the commodity overseas as it tightens a policy requiring companies to keep more supply at home. Prices jumped more than 2%.
05-01-2023
Palm slides from near 5-week high, likely tight supply limits losses
04/01/2023 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures fell on Wednesday after scaling a near five-week peak in the previous session, though expectations of tightening supplies reined in losses.
05-01-2023
Ceiling prices of bottled cooking oil unchanged
04/01/2023 (The Star Online), Kuala Lumpur - The maximum retail prices for bottled cooking oil will remain unchanged for the Jan 8 to Feb 7 period, although the average price of crude palm oil (CPO) in the world market rose last month, says Datuk Seri Salahuddin Ayub.