Archived News

30/06/2022 (Eco Business) - Activists have welcomed the Indonesian government’s announcement to carry out a nationwide audit of all palm oil companies operating here, in response to a shortage of cooking oil that has wracked the world’s top producer of palm oil.

30/06/2022 (The Star Online), Petaling Jaya - United Malacca Bhd (UMB) is aiming for higher fresh fruit bunch (FFB) for the financial year 2023 (FY23), supported by better yields, palm tree age profile and an increase in mature area in its oil palm estates in Kalimantan, Indonesia.

30/06/2022 (Business Recorder) - Malaysian palm oil futures firmed on Thursday ahead of June export data, but worries over declining shipments and rising production set the contract for its biggest monthly slump since the 2008 financial crisis.

30/06/2022 (The Borneo Post), Bintulu - This was disclosed by Sarawak Oil Palm Plantation Owners Association (Soppoa) chief executive officer Dr Felix Moh Mee Ho in a statement today.

29/03/2022 (The Borneo Post) - The Malaysian Palm Oil Board (MPOB) has urged palm oil mill operators nationwide not to reject fresh fruit bunches (FFB) supplied to them. MPOB said in a statement yesterday that there had been media reports that some palm oil mills rejected the supply of FFB for processing due to the decline in crude palm oil (CPO) prices in the global market.

28/06/2022 (Malaysia Kini) - Some palm oil millers in Malaysia, the world’s second-largest producer, have temporarily halted production following a dramatic plunge in prices of this edible oil, a senior official from a miller's association said on Monday.

28/06/2022 (The Star Online) - Malaysia is determined to foster a cordial engagement with the European Union (EU) in search of a win-win solution that can benefit the palm oil industry at large, although the trade bloc has remained in staunch opposition to palm oil trade since 2003.

29/06/2022 (New Straits Times), Kuala Lumpur - CGS-CIMB Research forecasts an improved earnings prediction for United Malacca Bhd (UMB) for the financial year 2023 (FY23) due to increasing crude palm oil (CPO) prices and Indonesian fresh fruit bunch (FFB) yields.

30/06/2022 (The Edge Markets) - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives erased gains over the last two days to close lower on Wednesday (June 29) on concern over weaker export data, a dealer said.

29/06/2022 (The Star Online), Kuala Lumpur - Despite the sharp decline in crude palm oil (CPO) prices over the past three weeks, international palm oil expert Thomas Mielke foresees palm oil prices to rebound in the near term.

29/06/2022 (BNI Online) - The demand for peanuts increased in June of this year, resulting in a price increase across Mon State.

29/06/2022 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures ended lower on Wednesday over expectations of rising production and weaker demand, following an increase in export quotas by top producer Indonesia.