Archived News

13/10/2022 (Mintec Global) - In September 2022, the Mintec Category Index for EU vegetable oils declined for the fourth consecutive month, down by 3.7% month-on-month (m-o-m), to EUR 1,161/MT. The decline was primarily attributable to expectations of improvements in the global vegetable oil supply for the 2022 marketing year (MY). The index remained up by 12.4% year-on-year (y-o-y), supported by elevated input and logistical costs.

13/10/2022 (The Western Producer) - Producers who want to know where canola prices are heading this winter should pay close attention to Brazil’s soybean crop, says an analyst.

13/10/2022 (The Star Online), Kota Kinabalu - A policy initiative will be put in place to protect the resilience of the palm oil sector while making Sabah a global leader in sustainable palm oil production, said Chief Minister Datuk Seri Hajiji Noor.

12/10/2022 (The Star Online), Kota Kinabalu - A policy initiative will be put in place to set Sabah up as a global leader in sustainable palm oil, says Chief Minister Datuk Seri Hajiji Noor (pic).

12/10/2022 (New Straits Times), Kuala Lumpur - Malaysian downstream palm oil players who are keen to tap overseas markets have been urged to look into opportunities in Cambodia, which recently ushered in the 65th anniversary of diplomatic relationship with Malaysia.

12/10/2022 (The Edge Markets), Kuala Lumpur - Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives snapped last week’s winning streak and finished easier on Tuesday (Oct 11), after an official crop report showed that the inventory level is high, palm oil trader David Ng said.

12/10/2022 (The Borneo Post), Kota Kinabalu - A policy initiative will be put in place to protect the resilience of the palm oil sector and setting Sabah up to become a global leader in sustainable palm oil production, said Chief Minister Datuk Seri Panglima Hajiji Noor.

12/10/2022 (New Straits Times), Kuala Lumpur - Malaysia's crude palm oil (CPO) production is expected to be relatively flat compared to the 2021 production of 18.1 million tonnes, Affin Hwang Capital said.

12/10/2022 (The Edge Markets), Kuala Lumpur - The Malaysian Palm Oil Association’s (MPOA) chief executive Joseph Tek Choon Yee has urged the East Malaysian states and federal governments to revise the state sales tax (SST) and windfall profit levy (WPL), respectively, that are imposed on East Malaysian oil palm growers.

13/10/2022 (The Edge Markets), Kuala Lumpur - Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives reversed Tuesday’s losses and ended higher on Wednesday (Oct 12), as the weaker ringgit supported demand, making Malaysia’s palm oil more competitive.

12/10/2022 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures slumped on Tuesday, ending a seven-day rally due to higher end-September stocks and slowing early October exports.

11/10/2022 (The Edge Markets), Mumbai - Global palm oil purchases are rising this quarter, as buyers take advantage of the tropical oil's widening discount to rival soy oil, which should entice price-sensitive consumers and boost biofuel usage, according to senior industry officials.