Archived News

07/06/2022 (The Star Online), Petaling Jaya - Plantation companies should continue to enjoy strong prices in the second quarter but downward pressure on prices is anticipated as the sector enters a stronger supply season in the second half of the year, says Kenanga Research.

07/06/2022 (The Star Online), Petaling Jaya - Sime Darby Plantation Bhd (SDP) is confident of achieving its business and long-term sustainability goals and targets in spite of the global economic challenges ahead.

07/06/2022 (The Star Online), Mumbai - India's palm oil exports in May were its highest in seven months and up 15% on April as the country overcame curbs on Indonesian exports by sourcing more of the commodity from Malaysia, Thailand and Papua New Guinea, five industry officials said.

06/06/2022 (Reuters), Jakarta - Indonesia has issued around 302,000 tonnes of palm oil export permits since the country restarted exports, senior minister Luhut Pandjaitan said on Sunday, while reassuring farmers and exporters that authorities would speed up the permit process.

06/06/2022 (Channel News Asia), Kuala Lumpur - Malaysia is missing a golden opportunity to capitalise on high palm oil prices and could suffer more production losses due to a "severe" shortage of about 120,000 workers, the Malaysian Estate Owners' Association (MEOA) told Reuters on Monday (Jun 6).

04/06/2022 (The Star Online), Kuala Lumpur - Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin said that although there has been some increase in the European Union’s (EU) awareness of sustainable palm oil and the Malaysian Sustainable Palm Oil (MSPO), there is still not enough understanding of the metrics or of its successes.

06/06/2022 (Free Malaysia Today) - The Malaysian Estate Owners’ Association (MEOA) has expressed hope that work permits will be issued to mid-sized and small plantations with the same urgency as with larger firms.

02/06/2022 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures reversed early losses to tick up on Wednesday, as hopes of a recovery in production was dashed after Indonesia stopped a batch of migrant workers from entering labour-starved Malaysian palm oil estates.

02/06/2022 (Business Recorder), Islamabad - The government has removed Additional Customs Duties (ACDs) of 2 percent from June 10 to 20, 2022 on import of palm oil for shipments originating from all sources except Indonesia, sources close to Secretary Commerce told Business Recorder.

02/06/2022 (Daily News Sri Lanka) - Sri Lanka’s palm oil industry is a relatively small one, but it is in a position to have a larger positive impact on the economic future of our country and is ready to support the economy and government to overcome present challenges a Statement from Palm Oil Industry Association (POIASL) of Sri Lanka said.

02/06/2022 (Phnompenh Post) - Cambodia exported 20,492 tonnes of crude palm oil (CPO) in the first five months of 2022, registering a decrease of 6.07 per cent year-on-year, according to the Ministry of Agriculture, Forestry and Fisheries.

02/06/2022 (The Business Times) - INDONESIA, has issued export permits for 179,464 tonnes of palm oil as of Jun 2, a senior trade ministry official said on Thursday (Jun 2), after a ban on shipments was lifted last week.