Archived News
10-03-2022
Food Protectionism Grows as Indonesia Curbs Palm Oil Exports
09/03/2022 (Bloomberg) - Indonesia, the world’s biggest exporter of edible oils, will tighten its control over shipments in a sign of growing protectionism around the world as countries grapple with soaring food prices.
10-03-2022
Palm oil futures jumps by 10 per cent limit as Indonesia restricts exports further
09/03/2022 (The Hindu Business Line) - The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange hit 7,057 ringgit ($1,685.86) per tonne.
09-03-2022
US CBP has seized US$2.5m worth of Malaysian palm oil shipments since February
09/03/2022 (The Edge Markets), Kuala Lumpur - The US Customs and Border Protection (CBP) has seized four shipments of Malaysian palm oil in Baltimore since Feb 11 due to information indicating that the commodity was manufactured by forced labour.
09-03-2022
High CPO prices expected to last until June
09/03/2022 (The Malaysian Reserve) - CRUDE palm oil (CPO) prices are expected to remain high above RM5,000 a tonne at least for the first half of this year driven by festive season demand and tight global edible oil supplies.
09-03-2022
Targeted subsidy for cooking oil to be finalised by year-end
09/08/2022 (The Malaysian Reserve) - THE Ministry of Plantation Industries and Commodities (MPIC) expects to finalise the targeted subsidies for cooking oil by the end of this year.
09-03-2022
Decarbonising the palm oil industry
09/08/2022 (Bangkok Post) - The urgency to act on the climate crisis has never been greater. The ongoing Expo 2020 in Dubai focuses on creating sustainable links between food, agriculture, and livelihoods. And building on the outcomes of COP26, the upcoming Middle East and North America Climate Week will help regional stakeholders identify actionable climate change opportunities.
09-03-2022
CPO to stay above RM5,000 per tonne amid edible oil shortage
08/03/2022 (Free Malaysia Today), Kuala Lumpur - The price of crude palm oil (CPO) will continue to trade above RM5,000 per tonne for the first half of 2022 amid a shortage of sunflower oil due to the Russia-Ukraine war.
09-03-2022
Cooking oils have more room to rally as war deepens supply fears
08/03/2022 (The Edge Markets), Kuala Lumpur - A blistering rally in edible oil prices is likely to continue as investors have not yet fully priced in risks related to Russia’s invasion of Ukraine, according to the world’s biggest palm oil planter by acreage.
08-03-2022
Cooking oils have more room to rally as war deepens supply fears
08/03/2022 (The Edge Markets), Kuala Lumpur - A blistering rally in edible oil prices is likely to continue as investors have not yet fully priced in risks related to Russia’s invasion of Ukraine, according to the world’s biggest palm oil planter by acreage.
08-03-2022
Russia-Ukraine crisis: Palm oil likely the solution to shortage of frying fat, says CPOPC
08/03/2022 (The Edge Markets), Kuala Lumpur - As the Russia-Ukraine conflict is seen to significantly curtail the availability of sunflower oil for various applications, food manufacturers will have to look elsewhere to circumvent their losses, and palm oil will likely be their solution as the frying fat of choice.
08-03-2022
Palm oil resumes rally as Black Sea trade disruption to persist
08/03/2022 (The Malaysian Reserve), New York - Palm oil resumed gains as traders continue to assess the fallout from Russia’s invasion of Ukraine, which is heading toward the two-week mark.
08-03-2022
Indonesia sticks with biodiesel policy even as palm oil soars
07/03/2022 (The Edge Markets) - Indonesia, the world’s biggest palm oil producer and exporter, will push ahead with its ambitious biodiesel programme even as prices of the tropical oil have soared, which could increase the costs of producing biofuel.