Archived News

31/01/2025 (The Straits Times), Jakarta - Deforestation in Indonesia rose again in 2024, said a local environmental non-governmental organisation (NGO) on Jan 31, based on satellite image analysis and fieldwork.

02/02/2025 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures reversed early losses to end higher on Friday, and logged a second consecutive weekly gain, as stronger rival Chicago soyoil and a weaker currency offset market uncertainty over Indonesia’s export rates and US tariff threats.

02/02/2025 (Iraqi News), Baghdad - Iraq has marked a significant milestone in its agricultural export sector by shipping vegetable oils abroad for the first time. According to a press release by the Iraqi Ports Company on Friday, the country successfully exported 40,000 tons of high-quality soybean oil from Umm Qasr South Port to promising markets in Pakistan and India. This development highlights Iraq’s growing presence in the global vegetable oil market.

29/01/2025 (Tempo.Co), Jakarta - Indonesian Trade Minister Budi Santoso highlighted the strengthened bilateral agreement between Indonesia and Malaysia to enhance cooperation within the palm oil sector. Accompanying President Prabowo Subianto during a recent state visit to Malaysia, Minister Budi emphasized the growing global demand for palm oil.

29/01/2025 (Malay Mail) - The palm oil industry is celebrating their good fortune. The price of palm oil has stabilised at a profitable level for some years now. Currently, it is approaching RM5000 per ton. Their palm oil inventory is better managed. Thanks must go to the early leaders of the industry for their wisdom to venture into the biofuel business. The fruits of that milestone decision are now realised.

30/01/2025 (Oils & Fats International) - The European Union (EU) is set to revise its palm oil-based biofuel rules following a ruling by the World Trade Organization (WTO) that part of its Renewable Energy Directive (RED III) unfairly discriminated against Indonesia’s palm oil exports, the Jakarta Globe wrote.

31/01/2025 (The Star)- EFFORTS to divert used cooking oil from drains, such as incentivising hawkers to sell it to recycling companies, have proven environmentally beneficial.

29/01/2025 (The Western Producer) - Demand for canola oil looks strong in the short term and the longer term, says a market analyst from Germany.

27/01/2025 (Reuters), Kuala Lumpur - Malaysian palm oil futures ended flat on Monday as weakness in the Chicago soyoil contract and lower export estimates were offset by expectations of a fall in production.

28/01/2025 (The Straits Times), Kuala Lumpur - President Prabowo Subianto was described as a “close friend” by the Malaysian King and a “friend and brother” by Prime Minister Anwar Ibrahim as he made a state visit to Malaysia on Jan 27, the first Asean nation he was visiting since being sworn in as Indonesia’s leader three months ago.

27/01/2025 (Eco-Business) - About one-fifth of global palm oil is certified by the Roundtable on Sustainable Palm Oil, but growth has plateaued. Chief Joseph D’Cruz explains why 100 per cent certification is not the end goal and how it plans to engage China and India.

27/01/2025 (Bernama), Kuala Lumpur – Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed mostly higher on Monday due to expectations of weaker output, said palm oil dealer David Ng.