Archived News

15/01/2024 (The Star Online), Kuala Lumpur - OCBC Global Markets Research has revised its 2024 crude palm oil (CPO) prices to average RM3,650 per tonne up from the previous estimate of RM3,400.

15/01/2024 (Nasdaq), Jakarta - Indonesian palm oil exports are expected to reach about 29 million metric tons this year, down by roughly 4%, the Indonesia Palm Oil Association (GAPKI) said on Monday.

16/01/2024 (India Herald) - Chennai: The government has announced that it will discontinue the scheme of providing pulses and palm oil at ration shops due to a severe financial crunch.

15/01/2024 (Daily Express), Kota Kinabalu - Food stall owners operating at the Api-Api Night Food Market on Friday and Saturday were reminded to dispose of their used cooking oil in a proper way, without dirtying Gaya Street.

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with an upward bias next week given expectations of a weaker output due to seasonal factors, said palm oil trader David Ng.

NEW DELHI: India’s palm oil imports surged to their highest in four months in December, driven by increased purchases of refined palmolein due to competitive prices, a leading trade body said on Friday.

KUALA LUMPUR, Jan 15 (Reuters) -Malaysian palm oil futures slipped onMonday and were set to snap a seven-session gaining streak, pressured by demand concerns in key destinations, although a decline in productionand strength in rival Dalian vegetable oils limitedlosses.

TAWAU, Jan 14 — Deputy Plantation and Commodities Minister Datuk Chan Foong Hin said that the RM100 million set aside by the federal government under Budget 2024 as replanting incentives will be in the form of “one-to-one” matching grants through TSPKS 2.0 for qualified smallholders.

Kota Kinabalu: Sabah still managed to record its highest revenue collection at RM6.971 billion in 2023 – an increase of RM11 million the previous year – despite declining prices of crude palm oil (CPO) and crude oil (CO) last year,

KUALA LUMPUR: The price outlook for palm oil remains optimistic in 2024, with an expected average trading price of RM4,000 per tonne, according to the Malaysian Palm Oil Council (MPOC).

KUALA LUMPUR, Jan 11 ― The Malaysian palm oil industry’s performance is expected to improve in 2024 on the back of better labour supply and stronger price projections.

KOTA KINABALU: Sabah palm industry aims to achieve full Malaysian Sustainable Palm Oil (MSPO) certification .