Archived News

05/10/2022 (Asia News Network), Jakarta - The controversy over palm oil has not ended, despite efforts by crude palm oil producers to address prevailing sustainability issues. Interestingly, the global COVID-19 pandemic and the war in Ukraine have not halted the smear campaigns of palm oil detractors.

04/10/2022 (The Star Online) - Indonesia, the world's biggest producer of palm oil, may extend an export levy waiver on the edible oil to the end of this year, its chief economic minister said on Tuesday.

04/10/2022 (New Straits Times), Kuala Lumpur - MARC Ratings Bhd has affirmed Sime Darby Plantation Bhd's (SD Plantation) corporate credit rating at AAA and its perpetual subordinated sukuk programme's rating of up to RM3.0 billion at AAIS.

04/10/2022 (Antara News), Jakarta - Head of the National Standardization Agency (BSN), Kukuh S. Achmad, handed the Indonesian National Standard (SNI) document regulating red palm cooking oil production to the Cooperatives and Small and Medium Enterprises (SMEs) Ministry on Tuesday.

04/10/2022 (News Track Live), New Delhi - The impact of the central government's policies regarding the import of palm oil is now visible in the market. After a long gap of three years, palm oil prices have reached below Rs 100 per litre. It is the effect of palm oil that the prices of soya oil and mustard oil are also continuously falling. However, the price of mustard oil on crusher machines is still above two hundred. Before the Corona epidemic, palm oil was around Rs 78 per litre in 2019. At the same time, the prices of soya oil were also below Rs 100 per litre. But, after some restrictions imposed by the Government on imports, the prices started increasing continuously.

04/10/2022 (The Edge Markets), Kuala Lumpur - The Malaysian Palm Oil Council (MPOC) has urged Malaysians to tip off the council, should they come across any form of unfair practices or negative labelling of palm oil-based products.

04/10/2022 (Free Malaysia Today) - While Malaysia is fighting the anti-palm oil campaign in the west, products bearing labels stressing that they do not contain palm oil are found at retail outlets and supermarket shelves in the country, and that has the authorities quite peeved.

03/10/2022 (The Edge Markets) - Sustainability is a major point when discussing palm oil. As the most consumed vegetable oil in the world, palm oil’s consistent high-yield production attracts scrutiny from market competitors and observers alike for potential irregularities that may provide an unfair advantage. While unsurprising and rational, it has become an opportunity for discriminatory treatments against palm oil producers, putting their production practices into question.

01/10/2022 (The Edge Markets) - Palm oil headed for its biggest quarterly plunge since 2008, as rising inventories in the world’s top growers and mounting concerns of a global economic recession outweighed recent robust exports.

01/10/2022 (The Star Online) - Food giant Nestle plans to stop sourcing from subsidiaries of Astra Agro Lestari (AAL), a major Indonesian palm oil producer accused by environmental groups of land and human rights abuses.

01/10/2022 (The Edge Markets), Kuala Lumpur - Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives gained momentum to close higher for the second consecutive day, buoyed by stronger soybean oil prices on the Chicago Board of Trade (CBOT).

30/09/2022 (The Edge Markets), Jakarta - Malaysian palm oil futures climbed for a second day on Friday, tracking gains in soyoil and crude oil prices, but the contract fell for a fifth straight month on concerns about oversupply and weakening demand.