Archived News
03-08-2022
Ceiling price of 5kg cooking oil set at RM34.70
02/08/2022 (The Malaysian Reserve) - THE ceiling price of pure cooking oil in 5kg bottles will be set at RM34.70 at the retail level nationwide including Sabah, Sarawak and Labuan effective Aug 8, 2022.
02-08-2022
CPO futures end lower on Aug 1 amid stiff competition from Indonesia
02/08/2022 (The Edge Markets) - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower on Monday (Aug 1), weighed by strong competition from lower Indonesian export prices, a dealer said.
02-08-2022
Cooking oil in 5kg bottle fixed at RM34.70 in peninsula
02/08/2022 (The Star Online), Kuala Lumpur - Consumers in Peninsular Malaysia will pay less for palm-based cooking oil from Aug 8 with a new fixed price of RM34.70 per 5kg bottle.
02-08-2022
VEGOILS-Palm oil ends 5% lower as Indonesia ease domestic sales rule
02/08/2022 (Hellenic Shipping News) - Malaysian palm oil futures slumped more than 5% on Monday, snapping a four-session rally as as larger rival Indonesia relaxed its quota for export shipments.
02-08-2022
Ceiling price for 5kg bottles of palm cooking oil from Aug 8, says Annuar Musa
01/08/2022 (The Star Online), Kuala Lumpur - here will be a ceiling price for 5kg bottles of pure palm oil used for cooking starting Aug 8, with the initial price set at RM34.70, says Tan Sri Annuar Musa.
02-08-2022
Pricing for non-subsidised palm cooking oil in bottles to be set monthly, says Annuar
01/08/2022 (The Edge Markets), Kuala Lumpur - The government on Monday (Aug 1) decided the pricing mechanism for 5kg bottles of palm cooking oil will be determined every month, with the price for August set at RM34.70 per bottle.
02-08-2022
Indonesia to retain domestic palm oil sales rules — deputy minister
01/08/2022 (The Edge Markets), Jakarta - Indonesia will retain its domestic sales requirement for palm oil to keep local cooking oil prices affordable, a senior official told Reuters on Monday (Aug 1), noting that a quota for export shipments would be relaxed further.
02-08-2022
Minister: Max price of pure palm cooking oil to be announced on monthly basis
01/08/2022 (Malay Mail) - The Special Task Force on Jihad Against Inflation today announced a new system in which the maximum price for pure palm cooking oil will be announced on the first of every month, with enforcement to follow seven days later, said its chairman Tan Sri Annuar Musa.
02-08-2022
Kulim returns to black in FY21 on palm oil prices
01/08/2022 (The Malaysian Reserve) - KULIM (M) Bhd recorded its profit before tax and zakat in the financial year Dec 31, 2021 (FY21) of RM433.81 million from a loss of RM316.45 million in the previous year.
02-08-2022
Indonesia sticking with domestic palm oil sales rules - deputy minister
01/08/2022 (Reuters), Jakarta - Indonesia will retain its domestic sales requirement for palm oil to keep local cooking oil prices affordable, a senior official told Reuters on Monday, noting that a quota for export shipments would be relaxed further.
01-08-2022
Record palm oil prices propel Kulim’s 2021 results to new heights
31/07/2022 (The Sun Daily), Petaling Jaya - Kulim (Malaysia) Bhd reported its best-ever financial results in 2021 on record palm oil prices and improved operational efficiencies from its ongoing transformation programme to become a leading agribusiness company.
01-08-2022
Palm oil price rally helps Kulim post best ever results in FY21
31/07/2022 (The Edge Markets), Kuala Lumpur - Kulim (M) Bhd, which is understood to be mulling an initial public offering (IPO), delivered its best ever set of financial results with a profit before tax and zakat of RM433.81 million for the financial year ended Dec 31, 2021 (FY21), thanks to record palm oil prices.