Archived News
08-07-2022
Agencies told to find mechanism to reduce cooking oil retail price
07/07/2022 (The Star Online), Putrajaya - The special task force to address inflation has instructed agencies involved to find a mechanism to reduce the retail price of cooking oil following the decline in crude palm oil prices.
08-07-2022
Remove additional tax burden on oil palm producers, MP tells govt
07/07/2022 (Free Malaysia Today), Petaling Jaya - The government has been urged to abolish two windfall taxes imposed on palm oil producers in the face of rising costs confronting the industry.
08-07-2022
Indonesia sees B40 biodiesel mix absorbing extra 2.5 million tonnes of palm oil
07/07/2022 (Today Online), Jakarta - Senior Indonesian minister Luhut Pandjaitan estimated on Thursday that an additional 2.5 million tonnes of palm oil could be absorbed by the domestic market if the country raised the amount of palm oil in its biodiesel mix to 40per cent (B40).
08-07-2022
President reviews progress of red palm cooking oil research in Medan
07/07/2022 (Antara News), Jakarta - President Joko Widodo (Jokowi) visited the Palm Oil Research Center (PPKS) in Medan, North Sumatra, to monitor the progress of research on using red palm oil as cooking oil during a working visit to the province.
07-07-2022
Crackdown on smuggling of cooking oil to intensify
07/07/2022 (The Star Online), Klang - The Domestic Trade and Consumer Affairs Ministry will intensify enforcement to curb the smuggling and misappropriation of subsidised cooking oil to neighbouring countries.
07-07-2022
Volatile CPO price on high stock levels
07/07/2022 (The Star Online), Kuala Lumpur - High crude palm oil (CPO) stock levels have made prices volatile, with fears of the sharp price correction in commodities like wheat could trigger contract washouts and further exacerbate the price downtrend.
07-07-2022
India’s July palm oil imports may surge to 10-month high
06/07/2022 (Free Malaysia Today), Mumbai - India’s palm oil imports in July are set to jump to the highest in 10 months because of a hefty correction in prices and as Indonesia allows more exports of the tropical oil, four dealers told Reuters.
07-07-2022
Indonesia mulls more frequent setting of crude palm oil reference price
06/07/2022 (The Edge Markets), Jakarta - Indonesia is considering setting its crude palm oil (CPO) export reference price every two weeks instead of monthly, a senior Trade Ministry official said on Wednesday (July 6), aiming to adjust quicker to fast-changing international market prices.
07-07-2022
CPO price expected to remain under pressure
06/07/2022 (Free Malaysia Today), Kuala Lumpur - Crude palm oil (CPO) prices are expected to remain under pressure in the near term and trade in the RM4,000-RM5,000 per tonne range.
07-07-2022
Insight - The path to decarbonisation with certified sustainable palm oil
06/07/2022 (The Star Online) - THE urgency to decarbonise has never been greater. While crude palm oil prices are projected to trade at a healthy RM5,000 per tonne in the first half of 2022, palm oil’s climate impact – deforestation, draining of peat swamps, land clearance by burning, biodiversity loss – is less rosy.
07-07-2022
Oil palm smallholders eager to shift to agroforestry
06/07/2022 (New Straits Times), Kota Kinabalu - Oil palm smallholders in Tongod district are keen to shift to agroforestry (cultivation of fruit and rubber trees), said Forever Sabah in a statement today upon the completion of a two-year pilot project.
07-07-2022
Palm oil downstreaming main key in agro-based industries: Ministry
06/07/2022 (Antara News) - Expert staff of the Industry Ministry Andi Rizaldi stated that the program to downstream the palm oil sector was an important key in the downstream policy of agro-based industries.