Archived News
13-07-2022
Malaysia end-June palm oil stocks climb to seven-month high as exports drag
KUALA LUMPUR, July 12 (Reuters) - Malaysia's palm oil stocks at end-June rose to their highest in seven months as its exports were throttled by rival Indonesia's policies to boost its own shipments, industry regulator data showed on Tuesday.
13-07-2022
China to Import More Palm Oil From Malaysia, Wang Yi Says
China, the world’s second-largest palm oil buyer, will increase its purchases of the tropical oil from Malaysia, Bernama reported, citing Chinese Foreign Minister Wang Yi.
13-07-2022
GFP-SPO introduced as reference across palm oil certification schemes
KUALA LUMPUR (July 12): The Global Framework of Principles for Sustainable Palm Oil (GFP-SPO) can be used as a common reference across different certification schemes applied primarily to palm oil production which anchored the United Nations Sustainable Development Goals (UN SDGs) as its base.
13-07-2022
Palm rises on Indonesia’s biodiesel mandate, lower exports cap gains
KUALA LUMPUR: Malaysian palm oil futures rose for a third straight session on Tuesday, as traders weighed top producer Indonesia’s plan to raise its biodiesel mandate against declining exports and lower-than-expected production.
13-07-2022
Palm oil neutral in 4,090-4,267 ringgit range
SINGAPORE: Palm oil looks neutral in a range of 4,090-4,267 ringgit per tonne, and an escape could suggest a direction.
13-07-2022
Mongin: Ministry to probe claim of Sarawak buying Kalimantan fresh fruit bunches
KUCHING (July 12): The Ministry of Plantation Industries and Commodities will investigate an allegation that oil palm fresh fruit bunches (FFB) from Kalimantan, Indonesia are being sold in Sarawak.
13-07-2022
Indonesia set for B35 implementation
Indonesia aims to implement a 35% palm oil mix in biodiesel, known as B35, by the end of July to help absorb excess palm oil supply.
13-07-2022
Casde: China cuts 21/22 edible oil outputs on lower oilseed imports
China has reduced its forecast for edible vegetable oil production for the current marketing year as imports for oilseeds have declined, the monthly update to China’s Agriculture Supply and Demand Estimates (Casde) showed on Tuesday.
12-07-2022
PM's Turkiye visit will further boost local palm oil exports
KUALA LUMPUR: The Ministry of Plantation Industries and Commodities (MPIC) is confident that bilateral ties with Ankara will be further enhanced with the recent visit by Prime Minister Datuk Seri Ismail Sabri Yaakob to Turkiye.
12-07-2022
Steep slump in palm oil, commodities a relief from inflation for India
MUMBAI: India’s policy makers and consumers will be cheering a steep slump in commodities, especially palm oil, which could bring about a few months of “surprisingly low†food inflation.
12-07-2022
Red palm oil to only be produced by cooperatives: Minister
Jakarta (ANTARA) - Cooperatives and Small and Medium Enterprises (SMEs) Minister Teten Masduki stated that red palm cooking oil could only be produced by cooperatives to protect the community business.
12-07-2022
Indonesia to enact mandatory B35 biodiesel program as global CPO prices fall
The Energy and Mineral Resources Ministry is to start implementing the mandatory 35 percent biodiesel (B35) program for all biofuels by the end of July amid the global decline in crude palm oil (CPO) prices. Dadan Kusdiana, the ministry’s renewables director general, explained that the B35 biodiesel program was part of the government's efforts to boost the domestic use of palm oil to help raise CPO prices.