Archived News
13-10-2022
Policy initiative to make Sabah palm oil world leader, says Hajiji
12/10/2022 (The Star Online), Kota Kinabalu - A policy initiative will be put in place to set Sabah up as a global leader in sustainable palm oil, says Chief Minister Datuk Seri Hajiji Noor (pic).
13-10-2022
Malaysian downstream palm oil players urged to look into opportunities in Cambodia
12/10/2022 (New Straits Times), Kuala Lumpur - Malaysian downstream palm oil players who are keen to tap overseas markets have been urged to look into opportunities in Cambodia, which recently ushered in the 65th anniversary of diplomatic relationship with Malaysia.
13-10-2022
High inventory weigh down CPO futures prices on Oct 11
12/10/2022 (The Edge Markets), Kuala Lumpur - Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives snapped last week’s winning streak and finished easier on Tuesday (Oct 11), after an official crop report showed that the inventory level is high, palm oil trader David Ng said.
13-10-2022
Sabah to achieve Roundtable on Sustainable Palm Oil standard standard
12/10/2022 (The Borneo Post), Kota Kinabalu - A policy initiative will be put in place to protect the resilience of the palm oil sector and setting Sabah up to become a global leader in sustainable palm oil production, said Chief Minister Datuk Seri Panglima Hajiji Noor.
13-10-2022
Malaysia's CPO output to be flat in 2022
12/10/2022 (New Straits Times), Kuala Lumpur - Malaysia's crude palm oil (CPO) production is expected to be relatively flat compared to the 2021 production of 18.1 million tonnes, Affin Hwang Capital said.
13-10-2022
MPOA urges govt to revise windfall, state sales taxes for East Malaysian oil palm growers
12/10/2022 (The Edge Markets), Kuala Lumpur - The Malaysian Palm Oil Association’s (MPOA) chief executive Joseph Tek Choon Yee has urged the East Malaysian states and federal governments to revise the state sales tax (SST) and windfall profit levy (WPL), respectively, that are imposed on East Malaysian oil palm growers.
13-10-2022
Weaker ringgit lifts CPO futures on Oct 12
13/10/2022 (The Edge Markets), Kuala Lumpur - Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives reversed Tuesday’s losses and ended higher on Wednesday (Oct 12), as the weaker ringgit supported demand, making Malaysia’s palm oil more competitive.
13-10-2022
Palm falls over 3pc
12/10/2022 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures slumped on Tuesday, ending a seven-day rally due to higher end-September stocks and slowing early October exports.
12-10-2022
Palm oil's widening discount to soy oil expected to boost fourth-quarter demand
11/10/2022 (The Edge Markets), Mumbai - Global palm oil purchases are rising this quarter, as buyers take advantage of the tropical oil's widening discount to rival soy oil, which should entice price-sensitive consumers and boost biofuel usage, according to senior industry officials.
12-10-2022
Malaysia end-Sept palm oil stocks hits highest in nearly three years
11/10/2022 (The Edge Markets) - Malaysia's end-September palm oil inventories ballooned to the highest in nearly three years, as a pickup in production offset strong exports, data from the nation's palm oil board showed on Tuesday (Oct 11).
12-10-2022
Higher palm oil prices augur well for Kim Loong
11/10/2022 (The Star Online), Petaling Jaya - Following record earnings in the second quarter ended July 31, 2022 (2Q), Kim Loong Resources Bhd expects a better financial year 2023 (FY23) on the back of higher palm oil prices and improving fresh fruit bunch (FFB) production.
12-10-2022
High inventory weigh down CPO futures prices on Oct 11
12/10/2022 (The Edge Markets), Kuala Lumpur - Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives snapped last week’s winning streak and finished easier on Tuesday (Oct 11), after an official crop report showed that the inventory level is high, palm oil trader David Ng said.