Archived News

24/07/2022 (Free Malaysia Today), Kuala Lumpur - The demand for Malaysia’s palm oil will continue to rise globally despite Indonesia’s decision to waive its palm oil export levy to cut bloated stockpiles, says plantation industries and commodities minister Zuraida Kamaruddin.

24/07/2022 (Times of Oman), Brussels - The World Trade Organization (WTO) could soon rule on two cases brought against the European Union over its decision to phase out the import of unsustainable palm oil by 2030.

24/07/2022 (The Star Online), Petaling Jaya - There is yet to be a decision by the Domestic Trade and Consumer Affairs Ministry on the use of MyKad for the purchase of subsidised cooking oil.

22/07/2022 (New Strait Times), Alor Star - The Consumers Association of Kedah (Cake) today lauded the move to adjust the retail price of unsubsidised cooking oil according to Crude Palm Oil (CPO) price movements.

20/07/2022 (The Star Online), Kuala Lumpur - The demand for palm oil is expected to stay strong in 2022, especially in the food sector, with the reopening of economic sectors and international borders, says Datuk Zuraida Kamaruddin.

19/07/2022 (Channel News Asia), Kuala Lumpur - Malaysia's commodities minister on Tuesday (Jul 19) warned that its palm oil exports to China will continue to be affected by global economic challenges and overall imports in the world's second-largest buyer will likely decline.

19/07/2022 (The Sun Daily), Kuala Lumpur - The Ministry of Plantation Industries and Commodities (MPIC) is optimistic that China will increase its palm oil imports despite the current global challenges.

20/07/2022 (Free Malaysia Today), Jakarta - Palm oil shipments from Indonesia, the world’s biggest supplier, may surge more than 60% in second half of the year from the first six months as the government ramps up exports to reduce bloated inventories.

20/07/2022 (The Edge Markets), Kuala Lumpur - United Plantations Bhd net profit for the second quarter ended June 30 (2QFY22) grew 36% to RM184.63 million from RM135.79 million a year ago, amid elevated crude palm oil (CPO) prices.

21/07/2022 (Hellenic Shipping News) - Fitch Ratings has published a report providing additional descriptions of the key rating factors in the Palm Oil Navigator, which gives guidance on applying the concepts of the Corporate Rating Criteria to issuers in the sector.

20/07/2022 (The Edge Markets), Kuala Lumpur - Malaysia's exports rose 38.8% year-on-year in June to RM146.16 billion, driven by strong demand for electrical and electronic (E&E) products, petroleum products, liquefied natural gas as well as palm oil and palm-oil based agriculture products, prompting economists to raise their full year 2022 export forecasts even as they caution of the possibility of slower growth momentum in the second half of 2022.

21/07/2022 (New Strait Times) - IN micro economic theory, there is a term called supernormal profit. The term itself defines what it is — profit above the normal level.