Archived News

28/03/2024 (New Straits Times), Kuala Lumpur - TH Plantations Bhd (THP) cautioned over potential volatility in commodity prices, projecting crude palm oil (CPO) prices to fluctuate between RM3,500 and RM4,000 per tonne in 2024, compared to the average of RM3,809.50 per tonne in 2023.

25/03/2024 (West Bridgford Wire) - Rushcliffe Borough Council’s bin lorries are going veggie soon with most of its fleet switching to operate on hydrogenated vegetable oil (HVO) cutting their carbon dioxide emissions by 90 per cent.

27/03/2024 (The Daily Star) - Consumption of soybean oil in Bangladesh has declined as a section of consumers have switched to the relatively cheaper mustard and palm oils, according to a report by the US Department of Agriculture (USDA) last week

25/03/2024 (Reuters), Jakarta - Malaysian palm oil futures rose on Monday, snapping two straight sessions of losses, underpinned by strong export data and weak output growth.

26/03/2024 (The Edge Malaysia), Kuala Lumpur - Plantation firm Kim Loong Resources Bhd’s net profit for the fourth quarter ended Jan 31, 2024 (4QFY2024) fell 32.09% to RM24.87 million, from RM36.61 million a year ago, on weaker palm oil prices.

26/03/2024 (Business Recorder) - Terms of trade in the food sector have been Pakistan’s savings grace on the trade balance front this fiscal year. From rice and nuts holding the export front – palm oil has contributed the most in food category import savings during 8MFY24. We will never quite know what is contributing the most to the edible oil import slowdown, but Pakistan is not really waiting for those answers yet – as long as the dollar bill is manageable.

25/03/2024 (Reuters), Jakarta - Indonesia's palm oil product exports slipped in January and February, raising concerns less of the edible oil will be available domestically because of the tie between overseas sales quotas and internal quotas, official said on Monday.

25/03/2024 (The Malaysian Reserve), THE crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher today due to robust export estimates for Malaysia, while Indonesia may impose restrictions on its exports, a dealer said.

25/03/2024 (Free Malaysia Today), Kuala Lumpur - Palm oil snapped a two-day drop on optimism that Malaysian exports will be robust this month, and on concerns that potential Indonesian policy changes could limit supplies from the biggest shipper.

21/03/2024 (Reuters), Jakarta - Malaysian palm oil futures dropped on Thursday, erasing earlier gains, amid uncertainty over production growth and some correction in rival vegetable oils.

25/03/2024 (Kenya News), The government has embarked on an ambitious plan to promote the growing of sunflower in a strategy meant to cut down the import bill for edible oils and lower cooking oil prices.

25/03/2024 (Daily Post), Vice President Kashim Shettima, represented by his Special Adviser on Economic Affairs, Tope Fasua has described Cross River State as the economic harbinger of Nigeria going by the arrays of energy potentials she is endowed with.