Archived News

09/03/2023 (Business Recorder), Singapore - Palm oil looks neutral in a range of 4,153-4,225 ringgit per tonne, and an escape could suggest the following direction.

09/03/2023 (The Borneo Post), Kuala Lumpur - Deputy Minister of Food Industry, Commodity and Regional Development Martin Ben has given assurance that the Sarawak government will bring the issues affecting oil palm smallholders to the attention of the federal government.

08/03/2023 (The Star Online), Kuala Lumpur - Malaysia benchmark crude palm oil futures will average RM3,760 a tonne in 2023, down from RM4,920 in 2022, pressured by lower gasoil prices, leading analyst James Fry said on Wednesday.

08/03/2023 (Free Malaysia Today), Kuala Lumpur - Malaysia’s palm oil stocks could fall below two million tonnes by the end of April, which would be the lowest since July, as exports are increasing after Indonesia restricted overseas sales, a senior official told Reuters.

08/03/2023 (Malay Mail), Kuala Lumpur - Malaysia's palm oil stocks could fall below 2 million tonnes by the end of April, which would be the lowest since July, as exports are increasing after Indonesia restricted overseas sales, a senior Malaysian official told Reuters.

07/03/2023 (Channel News Asia), Kuala Lumpur - The Asian Palm Oil Alliance (APOP), a body of palm oil buyers, want producing countries to make sure they have stable export policies after changes last year caused volatility in the trading of the tropical oil, the head of the group said.

08/03/2023 (The Sun Daily), Kuala Lumpur - A palm oil industry player has called for a coordinated approach to deal with the issues in the palm oil industry, including the treatment of foreign labour in Malaysia.

08/03/2023 (The Star Online), Kuala Lumpur - Malaysian palm oil is expected to trade between RM4,000 and RM5,000 per tonne from now until August as Indonesia's ambitious biodiesel mandate will keep stocks tight in the first half of 2023, industry analyst Dorab Mistry said on Wednesday.

07/03/2023 (Business Recorder), Singapore - Palm oil may test a support of 4,225 ringgit per tonne, a break below which could trigger a drop into 4,153-4,197 ringgit range. The drop on Monday does not look like the second pullback towards the Jan. 3 high of 4,276 ringgit.

08/03/2023 (The Star Online), Kuala Lumpur - Malaysia’s regulatory officials and its global partners in the East and West sought to highlight and reinforce Bursa Malaysia Derivatives’ (BMD) price-setting and discovery role for crude palm oil (CPO) prices.

07/03/2023 (Free Malaysia Today), Kuala Lumpur - Malaysia’s palm oil companies must replant their vast hectarage of old, unproductive palm oil trees to overcome stagnant yields and maintain the country’s competitiveness as the world’s second-largest producer, an industry executive said.

07/03/2023 (Free Malaysia Today), Kuala Lumpur - Malaysia’s palm oil output in 2023 could be lower than expected if the El Nino weather pattern develops in the second half of the year as forecast by some weather agencies, the country’s biggest palm oil producer FGV Holdings Bhd told Reuters.