Archived News

TEMPO.CO, Jakarta - The government has officially lifted the crude palm oil (CPO) export ban today on Monday, May 23, which was announced by President Joko Widodo in a virtual press conference on May 19 last week.

DAVOS, Switzerland: Indonesia has no plans to reduce the percentage of palm oil in biodiesel below its current level of 30 per cent in order to ensure the country's energy supply, its minister for economic affairs, Airlangga Hartarto, told Reuters on Monday (May 23).

KUALA LUMPUR: The Ministry of Plantation Industries and Commodities (MPIC) said that Indonesia’s move to lift the ban on palm oil exports, effective today (May 23), will see a knee-jerk correction in palm oil price but not towards a big downward adjustment as the market is well aware that the ban was temporary.

KUALA LUMPUR, May 22 (Reuters) - Indonesia's resumption of palm oil exports will not blunt Malaysia's competitiveness in exporting the edible oil, the Malaysian commodities minister said on Sunday, pointing to the rival's loss of sales in India.

PETALING JAYA: Higher crude palm oil (CPO) and palm kernel (PK) prices helped lift Sime Darby Plantation Bhdhttps://cdn.thestar.com.my/Themes/img/chart.png’s (SDP) net profit in the first quarter ended March 31, 2022 (1Q22), to RM718mil, a 27.76% increase over RM562mil in 1Q21.

KUALA LUMPUR: Sime Darby Plantation Bhd (SD Plantation) offers defensive qualities such as land rich balance sheet and decent gearing, and is a beneficiary of food inflation as edible oils and fats prices have risen substantially compared to a year ago, Kenanga Research said.

Chicago wheat fell for a third straight session on Friday, retreating further from a two-month high hit earlier this week as technical selling pressured the market, traders said.

JAKARTA, May 22 (Reuters): Indonesia will reimpose a domestic sales requirement on palm oil, the government said on Friday, a day after the world's biggest producer of the key edible oil reversed a ban on its export.

19/05/2022 (Bloomberg) - Indonesia, the world’s biggest shipper of edible oils, lifted a ban on palm oil exports in a move that will bring relief to the global market after the war in Ukraine choked off critical supplies.

19/05/2022 (Free Malaysia Today) - Indonesia will lift its ban on palm oil exports next week, President Joko Widodo said on Thursday, relieving pressure on the global vegetable oil market after prices spiked because of the suspension and the war in Ukraine.

19/05/2022 (The New Straits Times), Jakarta - Indonesia will lift its palm oil export ban from Monday, following improvements in the domestic cooking oil supply situation, President Joko Widodo said on Thursday.

19/05/2022 (The Edge Markets), Kuala Lumpur - Malaysian crude palm oil (CPO) prices may have peaked as production is seen picking up in Malaysia while demand is expected to be soft in the short term and as Indonesia’s ban on palm oil exports is anticipated to be short-lived, according to Public Investment Bank Bhd on Thursday (May 19).