Archived News
22-09-2022
India's palm oil imports to jump on rising demand, lower prices
21/09/2022 (The Edge Markets), AGRA, India - India's palm oil imports in 2022/23 could jump 9% from a year earlier on a rise in domestic consumption and as competitive prices allow the tropical oil to regain its share in the world's biggest market, a Reuters survey showed on Wednesday.
22-09-2022
Zuraida: Biting into China's bakery fats market will boost palm oil downstream sector
21/09/2022 (The Edge Markets), Kuala Lumpur - Malaysia should further expand its market share in China’s bakery fats market, said Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin.
22-09-2022
Growing export demand, sluggish production pace keep CPO futures higher at close
21/09/2022 (The Edge Markets), Kuala Lumpur - The crude palm oil futures contract on Bursa Malaysia Derivatives ended higher for the second consecutive day on Wednesday on growing export demand and sluggish production pace, a dealer said.
22-09-2022
Opinion: Don't repeat Europe's mistaken palm oil ban
21/09/2022 (Financial Post) - The European Union has declared war on palm oil — the oil derived from palm trees, which have to be cut down to extract it. Several new proposals suggest the EU is set on forcing the innocuous vegetable oil out of the European market. Perhaps most importantly, Renewable Energy Directive II will phase out palm oil imports for use as a biofuel by 2030.
22-09-2022
Palm jumps 4% on strong India demand, higher crude prices
22/09/2022 (Hellenic Shipping News) - Malaysian palm oil futures rose to a week’s high on Wednesday, buoyed by strong demand from top buyer India and higher crude prices that make palm an attractive option for biodiesel feedstock.
22-09-2022
Palm oil may retest resistance at 3,796 ringgit
21/09/2022 (Business Recorder), Singapore - Palm oil may retest a resistance at 3,796 ringgit per tonne, a break above which could lead to a gain into 3,847-3,897 ringgit.
22-09-2022
Palm closes higher
21/09/2022 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures ended higher after volatile trade on Tuesday, lifted by a surge in exports during Sept. 1-20 amid rising demand from top buyer India ahead of a key festival there.
22-09-2022
United Malacca's 1Q net profit up 17% on higher palm oil prices
21/09/2022 (The Edge Markets), Kuala Lumpur - United Malacca Bhd’s net profit rose 16.59% to RM24.3 million for the first quarter ended July 31, 2022 (1QFY23), from RM20.85 million a year earlier, on higher earnings contribution from its Malaysia operations on the back of higher palm oil prices.
22-09-2022
India's palm oil imports to jump on rising demand, lower prices
21/09/2022 (The Edge Markets), AGRA, India - India's palm oil imports in 2022/23 could jump 9% from a year earlier on a rise in domestic consumption and as competitive prices allow the tropical oil to regain its share in the world's biggest market, a Reuters survey showed on Wednesday.
22-09-2022
Zuraida: Biting into China's bakery fats market will boost palm oil downstream sector
21/09/2022 (The Edge Markets), Kuala Lumpur - Malaysia should further expand its market share in China’s bakery fats market, said Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin.
22-09-2022
Growing export demand, sluggish production pace keep CPO futures higher at close
21/09/2022 (The Edge Markets), Kuala Lumpur - The crude palm oil futures contract on Bursa Malaysia Derivatives ended higher for the second consecutive day on Wednesday on growing export demand and sluggish production pace, a dealer said.
22-09-2022
Opinion: Don't repeat Europe's mistaken palm oil ban
21/09/2022 (Financial Post) - The European Union has declared war on palm oil — the oil derived from palm trees, which have to be cut down to extract it. Several new proposals suggest the EU is set on forcing the innocuous vegetable oil out of the European market. Perhaps most importantly, Renewable Energy Directive II will phase out palm oil imports for use as a biofuel by 2030.