Archived News
08-12-2022
Two-tier pricing system, coupons for packet cooking oil to be discussed next week, says Salahuddin
06/12/2022 (The Star Online) - PUTRAJAYA: The proposals to set cooking oil prices through a two-tier system and the use of subsidised purchase coupons for packet cooking oil will be discussed at the National Action Council on Cost of Living (NACCOL) meeting next week, said Domestic Trade and Cost of Living Minister Datuk Seri Salahuddin Ayub.
07-12-2022
Project by Malaysian oil palm plantation, NGO recognised by Prince William’s Earthshot Prize
06/12/2022 (The Star Online), Kota Kinabalu - A pioneering partnership between a non-governmental organisation (NGO) and an oil palm plantation in Malaysia was selected as one of the 15 finalists for The Earthshot Prize 2022, the world's most prestigious environmental prize led by Prince William and the Royal Foundation.
07-12-2022
Palm oil tumbles to two-week low as soybean oil extends losses
06/12/2022 (The Edge Markets) - Palm oil has dropped to the lowest in two weeks following further losses in rival soybean oil after the Biden administration published last week a proposal for biofuel-blending mandates that were lower than expectations.
07-12-2022
IMPORTS JUMP 29% TO 1.14 MLN T-DEALERS
06/12/2022 (Successful Farming), Mumbai - India's palm oil imports jumped 29% in November from a month ago, as a steep discount to rival soyoil and sunoil made buying of the tropical oil lucrative for local refiners, five dealers told Reuters on Tuesday.
07-12-2022
Two-tier pricing system, coupons for packet cooking oil to be discussed next week: Minister
06/12/2022 (New Straits Times), Putrajaya - The proposals to set cooking oil prices through a two-tier system and the use of subsidised purchase coupons for packet cooking oil will be discussed at the National Action Council on Cost of Living (NACCOL) meeting next week, said Domestic Trade and Cost of Living Minister Datuk Seri Salahuddin Ayub.
07-12-2022
Palm oil reverses losses to jump 3% on Indonesia’s biofuel plans
06/12/2022 (The Edge Markets), Kuala Lumpur/Jakarta - Palm oil surged as traders weighed prospects for Indonesia to boost its biofuel mandate, a move that could cut supplies available for export.
07-12-2022
Malaysia’s palm oil producers could lose US$4.6 billion because of worker shortages
05/06/2022 (South China Morning Post) - A chronic shortage of plantation workers in Malaysia may cost palm oil producers about 20 billion ringgit (US$4.6 billion) this year, curbing supply and potentially boosting global prices.
06-12-2022
End-November palm oil stocks down slightly as output falls
Kuala Lumpur - Malaysia’s palm oil inventories at end-November likely shrank slightly from October as output slowed while imports jumped, according to a Reuters survey.
06-12-2022
ESG challenges in the palm oil industry
THE Malaysian palm oil industry has had a head start when it comes to addressing sustainability as well as environmental, social and governance (ESG) requirements, due to the demand, since the early 2000s, for sustainable palm oil production.
06-12-2022
PREVIEW-Malaysia's end-Nov palm oil stocks seen down slightly as output falls
Kuala Lumpur - Malaysia's palm oil inventories at end-November likely shrank slightly from October as output slowed while imports jumped, a Reuters survey showed on Monday.
06-12-2022
Palm oil rises on likely drop in stocks
Jakarta - Malaysian palm oil futures rebounded on Monday as expectations of a drop in stocks buoyed prices, though a stronger currency and weakness in Dalian oils capped gains.
06-12-2022
Minister to meet industry players on Dec 6 over egg, cooking oil shortage
Kuala Lumpur - The Domestic Trade and Cost of Living Ministry will hold a special meeting on Tuesday (Dec 6) with industry players on the shortage of egg and packet cooking oil.