Archived News
27-09-2022
Firms invite Kebs to testing duel after recall of cooking oil
27/09/2022 (Business Daily Africa) - Edible oil manufacturers are demanding that the Kenya Bureau of Standards (Kebs) now agrees to joint testing of iron in batches of their products whose sales have been suspended for non -compliance with standards.
26-09-2022
Indonesia's 2022 palm oil exports to fall, stocks to rise due to lower shipments, says trade official
25/09/2022 (The Star Online), AGRA, India - Indonesia's palm oil exports are set to jump in the second half of the year after the scrapping of export levies, but the 2022 total will still be lower than last year's 33.7 million tonnes due to earlier restrictions, an industry official told Reuters.
26-09-2022
Include smallholders in the palm oil value chain — Solidaridad Network
26/09/2022 (The Borneo Post) - In the face of new opportunities and external sustainability agenda, more attention has to be paid as to how companies can better support the three million smallholders worldwide who produce roughly 30 per cent of global palm oil, said international civil society organisation Solidaridad Network.
26-09-2022
Palm oil rout has further to go with Mistry predicting 30% slump
23/09/2022 (The Edge Markets), New Delhi - A severe rout in palm oil is about to get worse, with influential trader Dorab Mistry forecasting a slide to RM2,500 a tonne by year-end as production recovers strongly and demand languishes.
26-09-2022
Weakening crude oil, soybean oil prices pressure CPO futures to close lower
24/09/2022 (The Edge Markets), Kuala Lumpur - Crude palm oil futures contracts on Bursa Malaysia Derivatives ended lower on Friday pressured by weakening crude oil and soybean oil prices, a dealer said.
26-09-2022
Give them a voice, include smallholders in the palm oil value chain, says Solidaridad Network
25/09/2022 (The Edge Markets), Kuala Lumpur - In the face of new opportunities and external sustainability agenda, more attention has to be paid as to how companies can better support the three million smallholders worldwide who produce roughly 30% of global palm oil, said international civil society organisation Solidaridad Network.
26-09-2022
Ismail Sabri: Covid-19 slows down Sustainable Development Goals
24/09/2022 (New Straits Times), New York - The Covid-19 pandemic has slowed down efforts to achieve Sustainable Development Goals (SDGs), which require efforts from all parties, said Prime Minister Datuk Seri Ismail Sabri Yaakob.
26-09-2022
Indonesia unlikely to lift DMO palm oil policy, may raise export quota instead: Gapki
24/09/2022 (Fast Market, Agricensus) - Indonesia is unlikely to remove its current Domestic Market Obligation (DMO) policy on palm oil but may move to raise the current export quota instead, a senior official from the Indonesian Palm Oil Association (Gapki) told Agricensus on Friday.
22-09-2022
United Malacca's 1Q net profit up 17% on higher palm oil prices
21/09/2022 (The Edge Markets), Kuala Lumpur - United Malacca Bhd’s net profit rose 16.59% to RM24.3 million for the first quarter ended July 31, 2022 (1QFY23), from RM20.85 million a year earlier, on higher earnings contribution from its Malaysia operations on the back of higher palm oil prices.
22-09-2022
India's palm oil imports to jump on rising demand, lower prices
21/09/2022 (The Edge Markets), AGRA, India - India's palm oil imports in 2022/23 could jump 9% from a year earlier on a rise in domestic consumption and as competitive prices allow the tropical oil to regain its share in the world's biggest market, a Reuters survey showed on Wednesday.
22-09-2022
Zuraida: Biting into China's bakery fats market will boost palm oil downstream sector
21/09/2022 (The Edge Markets), Kuala Lumpur - Malaysia should further expand its market share in China’s bakery fats market, said Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin.
22-09-2022
Growing export demand, sluggish production pace keep CPO futures higher at close
21/09/2022 (The Edge Markets), Kuala Lumpur - The crude palm oil futures contract on Bursa Malaysia Derivatives ended higher for the second consecutive day on Wednesday on growing export demand and sluggish production pace, a dealer said.