Archived News

13/03/2024 (Business Standard) - India's vegetable oils import fell 13 per cent year-on-year in February to nearly 9.75 lakh tonne, according to industry data.

13/03/2024 (The Star Online), Petaling Jaya - The weak palm oil harvest for February is neutral for the market given it was seasonally a low production season.

12/03/2024 (New Straits Times), Kuala Lumpur - To promote sustainable practices in the palm oil industry, FGV Holdings Bhd has signed a strategic collaboration with Malaysian Sustainable Palm Oil (MSPO) to promote the latter's certification label on its Saji cooking oil products.

12/03/2024 (XM), Kuala Lumpur - Malaysian palm oil futures rose on Tuesday, buoyed by strength in Dalian edible oils and lower production figures in Malaysia,the world's second-biggest producer.

12/03/2024 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures were little changed on Tuesday after closing at near 8-month highs in the previous session, as stronger rival oils and crude oil prices offset a decline in exports.

12/03/2024 (The Edge Malaysia), Kuala Lumpur - Plantation analysts expect a further decline in palm oil inventory in the coming months — after hitting a seven-month low in February — which will support the high average selling price of crude palm oil (CPO) in the face of tight supply, driven by reduced buying activities post-Chinese New Year and Ramadan.

12/03/2024 (Chem Analyst News) - The most recent report issued by the US Department of Agriculture (USDA) presents projections indicating a notable uptick in global palm oil production for the 2023/24 period, expected to reach an unprecedented 79.5 million tonnes. This forecast signifies a modest increase of nearly 2% in comparison to the preceding year.

12/03/2024 (The Star), Kuala Lumpur - Malaysia’s palm oil stocks at the end of February dwindled to their lowest levels in seven months as production hit a 10-month low, offsetting the slowdown in exports, says the industry regulator.

11/03/2024 (Business Times), Our palm oil is poised to remain a key contributor to the nation's economy this year.

11/03/2024 (Biofuels International), According to the US Department of Agriculture (USDA), global palm oil production in 2023/24 is set to rise to a record high of 79.5 million tonnes, exceeding the previous year's level by just under 2%.

11/03/2024 (Derry Journal), David Blevings, the Ireland manager of the trade association for liquid fuel heating equipment manufacturers, told the Northern Ireland Affairs Committee of the interest as he briefed them on biofuels.

11/03/2024 (Asia News Network), Jakarta – In the bustling kitchens of Indonesia, stretching from the sprawling metropolis of Jakarta to the tranquil coasts of Bali, a remarkable untapped resource is being generated – used cooking oil (UCO).