Archived News
30-09-2022
Investing in Malaysia's oleochemicals
29/09/2022 (New Straits Times) - The Malaysian oil palm industry must develop more downstream oleochemical products to address the global demographic and social changes, increasing wealth as well as improvements in well-being due to rapid urbanisation.
30-09-2022
Nestlé says it will drop palm oil supplier accused of abuses
29/09/2022 (The Edge Markets) - Nestlé SA has pledged to cut ties with an Indonesian palm oil supplier accused of land-rights abuses and environmental harm.
30-09-2022
Palm recovers after five days on stronger soyoil, export data optimism
29/09/2022 (The Edge Markets), Jakarta - Malaysian palm oil futures rose on Thursday (Sept 29), after plunging to a near 20-month low in the previous session, as gains in rival oils and expectations for solid export data boosted sentiment.
30-09-2022
CPO futures close higher on bargain hunting
29/09/2022 (The Edge Markets), Kuala Lumpur - Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed higher on Thursday, rebounding after a five-day losing streak supported by bargain buying activities.
30-09-2022
Palm oil to bounce into 3,360-3,427 ringgit range
29/09/2022 (Business Recorder), Singapore - Palm oil is expected to bounce into a range of 3,360-3,427 ringgit, as it has found a support at 3,243 ringgit per tonne.
30-09-2022
Indonesia-Japan Home Affairs Ministers Talk of Bilateral Ties
28/09/2022 (Tempo.com), Jakarta - Indonesia’s Minister of Home Affairs Tito Karnavian met with his Japanese counterpart Minoru Terada in Tokyo today, September 28, 2022, to discuss bilateral cooperation in various sectors under the management of the two ministries.
30-09-2022
Massive drop in ghee, cooking oil prices expected
29/09/2022 (Geo TV) - ISLAMABAD: With a reduction in palm oil prices in the international market by 35%-40%, the ministry of industries has informed the National Price Monitoring Committee (NPMC) that they are expecting a Rs20 per kg decrease in the price of ghee and cooking oil in a month.
29-09-2022
Palm hits lowest in over 1-1/2 years as recession fears dent demand
28/09/2022 (The Edge Markets), Jakarta - The Malaysian palm oil futures on Wednesday (Sept 28) extended losses for a fifth straight day, and hit a near 20-month low during the session, as recession fears hurt demand in edible oils market.
29-09-2022
Kim Loong’s 2Q net profit rises 37%, supported by higher palm oil prices
28/09/2022 (The Edge Markets), Kuala Lumpur - Kim Loong Resources Bhd’s net profit grew 37.4% to RM49.67 million for the second quarter ended July 31, 2022 (2QFY23), from RM36.15 million a year earlier, on the back of higher palm oil prices.
29-09-2022
INDONESIA PLANS CRUDE PALM OIL REFERENCE PRICE OF $792.19/T FOR OCT 1-15 -OFFICIAL
28/09/2022 (Reuters) - JAKARTA, Sept 28 (Reuters) - Indonesia plans to set its crude palm oil reference price at $792.19 per tonne for the Oct. 1-15 period, deputy coordinating economic minister Musdhalifah Machmud told Reuters on Wednesday, down from the $846.32 per tonne for Sept. 16-30.
29-09-2022
Palm oil may retest support at 3,427 ringgit
28/09/2022 (Business Recorder), Kuala Lumpur - Palm oil may retest a support at 3,427 ringgit per tonne, a break below which could open the way towards 3,288-3,360 ringgit range.
29-09-2022
Northeast Biodiesel begins recycling used cooking oil to produce fuel
28/09/2022 (wwlp.com), GREENFIELD, Mass. (WWLP) – Northeast Biodiesel will start production at a facility in Greenfield Wednesday.