Archived News
27-06-2022
Humble rice bran becomes hot commodity as India scours for edible oils
26/06/2022 (The Star Online) - Rice bran has become a sought-after commodity in India as the world's biggest importer of vegetable oils tries to overcome an edible oil shortage caused by global supply disruptions.
27-06-2022
Sandakan MMEA seizes 305 packets of subsidised cooking oil in smuggling bust
26/06/2022 (The Star Online), Kota Kinabalu - Authorities found 305 packets of 1kg subsidised cooking oil left behind in a boat in Sandakan waters on Saturday (June 25), believed hidden in an attempt to smuggle them into a neighbouring country.
24-06-2022
CGS-CIMB: CPO price drop was sharper than expected
23/06/2022 (The Edge Markets), Kuala Lumpur - CGS-CIMB Securities Sdn Bhd said on Thursday (June 23, 2022) crude palm oil's (CPO) price decline to below RM5,000 a tonne on Wednesday (June 22, 2022) was sharper than expected, possibly driven by slower global economic growth concerns and as CPO prices tracked price losses of crude oil and rival edible oils, besides taking cue from rising palm oil exports from Indonesia.
24-06-2022
Felcra builds RM3.5m new plant to boost palm oil milk production
23/06/2022 (Malay Mail), Teluk Intan - Felcra Berhad through its subsidiary company, Felcra Processing & Engineering Sdn Bhd (FPESB), has built a RM3.5 million plant that produces palm oil milk or santan with the brand name, Suri.
24-06-2022
CPO futures fall below RM4,500 per tonne
23/06/2022 (New Straits Times) - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower for the sixth consecutive day today on subdued demand due to weak market sentiment.
24-06-2022
Fertiliser and worker shortages to curb Malaysian palm oil output
23/06/2022 (The Edge Markets) - A hoped-for recovery in Malaysian palm oil output in the second half of the year is looking unlikely as the world’s second-biggest grower continues to struggle with shortages of fertilisers and workers.
24-06-2022
Indonesian palm oil audit a chance to clean up ‘very dirty’ industry
23/06/2022 (Mongabay) - 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.
24-06-2022
Palm oil firm Kulim receives first post-pandemic migrant workers
23/06/2022 (The Star Online), Kulim - Kulim (M) Bhd has received its first "post-pandemic batch" of migrant workers, the palm oil planter said on Thursday, paving the way for more workers to enter Malaysia and help ease a severe labour crunch after bureaucratic hiccups.
23-06-2022
Group slams palm oil conservation foundation for accusing environmentalists of being smear campaign lackeys
22/06/2022 (Malay Mail), Ipoh - Pertubuhan Sahabat Ekologi Perak (PSEP) today slammed the Malaysian Palm Oil Green Conservation Foundation's (MPOGCF) general manager Zamakhshari Muhamad for what it called baseless accusations against environmental organisations.
23-06-2022
Johor state firm weighs IPO for US$1bil palm oil arm
22/06/2022 (Free Malaysia Today) - State-owned investment firm Johor Corp could seek to raise about RM1 billion in an initial public offering (IPO) of its plantation unit, according to people with knowledge of the matter.
23-06-2022
Ukraine conflict hurting palm oil supplies
23/06/2022 (The Star Online), London - Sustainable palm oil is becoming harder to find as food manufacturers use it to replace sunflower oil sourced from Ukraine and to meet environmental goals, Ahold Delhaize's AD.AS CEO told Reuters.
23-06-2022
'Negative perceptions of palm oil must stop to ensure competitiveness of exports'
22/06/2022 (New Straits Times), Kuala Lumpur - The Plantation Industries and Commodities Ministry today said negative perceptions of palm oil must be put to rest to ensure the competitiveness of exports in the long run.