Archived News

Malaysian palm oil futures opened higher on Monday, snapping two consecutive sessions of declines, supported by stronger rival soyoil and a weaker ringgit.

Malaysia's strategic presence in China's high-value palm oil market has been significantly bolstered by the work of the Palm Oil Research and Technical Service Institute of Malaysia (Portsim) in Shanghai

The Council of Palm Oil Producing Countries’ (CPOPC) Secretary General Rizal Affandi Lukman said that Bill Gates’ statement about palm oil damaging the environment is misleading because it does not correspond to the reality on the ground.

18/05/2025 (Reuters), Jakarta - Malaysian palm oil futures rose on Friday and were set to post their first weekly gain in three weeks as strong export data supported the contract despite weakness in vegetable oils in the Chicago and Dalian commodity exchanges.

18/05/2025 (New Straits Times), Kuala Lumpur - Malaysia is strengthening its strategic trade ties with China through a week-long official mission led by Deputy Plantation and Commodities Minister Datuk Chan Foong Hin, aimed at unlocking new market potential for palm oil and promoting innovation in downstream products.

16/05/2025 (Reuters), Jakarta - The Indonesia Palm Oil Association, Gapki, on Friday urged the government to delay a planned hike in the palm oil export levy warning it could harm competitiveness amid global trade uncertainties due to the US tariffs and geopolitical tension.

19/05/2025 (ANN/The Jakarta Post) - The Indonesian government will raise its export levy on crude palm oil (CPO) from 7.5 per cent to 10 per cent of the reference price, in a move aimed at financing its national biodiesel programme and supporting replanting efforts in the sector.

16/05/2025 (The Astana Times), Astana - For the first time, Kazakhstan has entered the top 10 largest exporters of sunflower oil worldwide, taking eighth place in 2024, as was announced during a May 15 roundtable dedicated to developing the export potential of the oil and fat industry, reported the Trade and Integration Ministry.

14/05/2025 (Bernama), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher on Wednesday, extending its gains by tracking the uptrend in the soybean oil market, said palm oil trader David Ng.

14/05/2025 (New Straits Times), Kuala Lumpur - Palm oil inventories are expected to rise by 15 per cent month-on-month (MoM) in May to 2.15 million tonnes, driven by stronger production.

14/05/2025 (Reuters), Jakarta - Indonesia will raise its crude palm oil (CPO) export levy starting May 17 to 10% of its CPO reference price from 7.5% currently, in order to finance the country's increased biodiesel blending mandate, a regulation signed on Wednesday showed.

14/05/2025 (Antara), Jakarta - The Ministry of Agriculture announced that the Indonesian government is open to potential new markets for palm oil exports as part of mitigation amid the India–Pakistan conflict.