Archived News

JAKARTA : Indonesia's crude palm oil (CPO) exports are picking up pace after the government waived its export levy to ease a supply glut, a senior Finance Ministry official said on Wednesday.

KUALA LUMPUR: Earnings of plantation companies will likely have peaked in the first half of this year (1H22) due to record high crude palm oil (CPO) spot average selling prices.

MALAYSIA, the world's second-largest producer and exporter of palm oil, produces high-quality palm oil and related-products. The country's palm oil products have gained the trust of consumers domestically and internationally.

SINGAPORE: Palm oil remains neutral in a range of 3,598-3,857 ringgit per tonne, and an escape could suggest a direction.

KUALA LUMPUR (July 27): Malaysian Palm Oil Board (MPOB) and Briar Resources Sdn Bhd have inked two memoranda of agreement (MoAs) for the technology transfer of two fertiliser formulations.

KUALA LUMPUR (July 28): The “Jihad against Inflation” move initiated by the government almost a month ago is already showing positive results.

KUALA LUMPUR (July 27): Minister of Plantation Industries and Commodities Datuk Zuraida Kamaruddin has urged industry players from the plantation sector to hire foreign labour from other countries, instead of relying on labour from Indonesia and Bangladesh.

KUALA LUMPUR: Palm oil prices will weaken further in the short term due to softer demand and "distress selling" by top producer Indonesia, commodities consultancy LMC International forecast on Tuesday.

JAKARTA: China has expressed its commitment to increase its imports of one million tonnes of crude palm oil from Indonesia, said President Joko Widodo.

KUALA LUMPUR: China’s state-owned companies that have invested in the production of palm-based products in Malaysia will collaborate with Malaysian firms as well as the Malaysian Palm Oil Board.

Indonesia has issued palm oil export permits for a combined 3.84 million tonnes through its so-called Domestic Market Obligation (DMO) scheme as well as its programme to accelerate exports as of Monday, Trade Ministry adviser Oke Nurwan said on Tuesday.

TEMPO.CO, Jakarta - Center of Reform on Economics (CORE) director Mohammad Faisal on Tuesday conveyed his opinion on the government’s plan to revoke the crude palm oil domestic market obligation (DMO) policy. He argues that the current issue related to cooking oil scarcity lies in the distribution aspect.