Archived News

26/12/2022 (Scand Asia) - The European Union in Malaysia drawed attention to Michalis Rokas, European Union Ambassador to Malaysia, expressing his views on EU’s decision not to ban import of palm oil. The statement was released by Free Malaysia Today.

23/12/2022 (Eco Business) - “With the way the environment is being destroyed, the way climate change is happening, the way we travel, the way we consume, it’s just a matter of when the next pandemic will happen.”

23/12/2022 (New Straits Times) - Crude palm oil (CPO) price will likely sustain at above RM4,000 per tonne over the next few months, possibly until the first quarter (Q1) of 2023, Hong Leong Investment Bank Bhd (HLIB) said.

26/12/2022 (Antara News), Jakarta - The construction of a red cooking oil factory, which was set for early 2023 in Deli Serdang, North Sumatra, is still pending as a legal basis for its establishment is yet to be formulated.

23/12/2022 (Monitor) - The government has unveiled a plan to plant at least 100,000 hectares of oil palm to meet the increasing demand for edible oils and also substitute imports. The government is also targeting to increase the growth of sunflower, sesame, and soya beans.

23/12/2022 (Business Recorder) - Palm oil may test a support at 3,806 ringgit per tonne, with a good chance of breaking below this level and falling into 3,721-3,762 ringgit range.

26/12/2022 (Thai PBS World) - Oil palm growers across Thailand plan to submit simultaneous petitions to authorities in each province, seeking government help to boost the prices of raw oil palm seed, which have fallen to an average of 4 baht/kg.

22/12/2022 (Succesful Farming), Jakarta - Indonesia's 2022 palm oil exports are estimated at 34.67 million tonnes, down from last year's 37.78 million tonnes, partly due to a temporary export stoppage in April, the chief executive of its palm oil fund (BPDPKS) said on Thursday.

23/12/2022 (The Western Producer) - Indonesia’s palm oil production is forecast to rise three percent to 48.1 million tonnes in 2023, and exports are forecast at 33.5 million tonnes, an eight percent increase. However, that would likely drop if the government followed through with its plan to increase the biodiesel mandate. | Reuters/Antara Foto Agency photo The higher mandate would likely increase palm oil use domestically and decrease the amount that the country exports

22/12/2022 (Philstar Global), Manila - Some of the best and most well-loved Filipino snacks and dishes are often deep-fried — from kwek-kwek and lumpiang shanghai to fried fish and lechon kawali. Hence, a kitchen essential is present in almost every Filipino household: a bottle of oil.

21/12/2022 (Business Recorder), Singapore - Palm oil looks neutral in a range of 3,861-3,945 ringgit per tonne, and an escape could suggest a direction.

22/12/2022 (The Edge Markets), Kuala Lumpur - Bursa Malaysia rebounded to open slightly higher on Thursday (Dec 22), tracking Wall Street's rally overnight amid improving consumer confidence, said an analyst.