Archived News

11/03/2024 (Business Times), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with a downward bias next week amid profit-taking activities after the recent price rally, dealers said.

10/03/2024 (The Star Online), Kuala Lumpur - The Plantation and Commodities Ministry will work with the Domestic Trade and Consumer Affairs Ministry to take action against product-importing companies that discriminate against palm oil in the country.

10/03/2024 (New Straits Times), Kuala Lumpur - The government has warned against the use of discriminatory "Palm Oil Free" labels on products based on the commodity, with those found guilty can be fined up to RM250,000.

10/03/2024 (Harian Metro), Kuala Lumpur - Tindakan tegas akan diambil kepada mana-mana pihak yang didapati menjual produk berlabel 'tanpa minyak sawit' iaitu pelabelan atau penggunaan label yang bersifat diskriminasi terhadap minyak sawit.

09/03/2024 (News Straits Times), Kuala Lumpur - The Plantations and Commodities Ministry will discuss with the Malaysian Islamic Development Department (Jakim) to include Malaysia Sustainable Palm Oil (MSPO) certification alongside Halal certification as a requirement for marketing palm oil.

10/03/2024 (The Star Online), Papar - The Domestic Trade and Cost of Living Ministry will revoke the licenses of subsidised cooking oil packaging companies found to be involved in the misappropriation of the essential item, says its minister, Datuk Armizan Mohd Ali.

07/03/2024 (EIN News), The edible oils and fats market is anticipated to grow at a CAGR of 5.53% from US$170.362 billion in 2022 to US$248.386 billion by 2029.

07/03/2024 (Investing.com), India plays a significant role as a major consumer and importer of edible oils on a global scale. The monthly ending stock status of edible oils, encompassing palm oil, soybean oil, and sunflower oil, serves as a crucial indicator reflecting the supply and demand dynamics within the Indian market. This comprehensive report aims to delve into the monthly ending stock positions of these edible oils and evaluate their implications on the Indian edible oil market. The analysis of the monthly ending stocks of palm oil, soybean oil, and sunflower oil in India for the year 2023 is quantified in metric tons (MT). It offers a holistic overview of the inventory levels for each type of oil and also includes the cumulative ending stocks for each month, encapsulating the total stock levels of all three edible oils.

08/03/2024 (Biodiesel Magazine), The U.S. exported 17,217.2 metric tons of biodiesel and biodiesel blends of B30 or greater in January, according to data released by the USDA Foreign Agricultural Service on March 7. Imports of biodiesel blends of B30 and greater reached 167,713.7 metric tons for the month.

08/03/2024 (The Star), Petaling Jaya - Palm oil industry experts believe the industry and edible oils market fundamentals support prices of crude palm oil (CPO) to remain above the RM3.800-a-tonne level in the first half of the year (1H24) and moderate in 2H24.

07/03/2024 (New Straits Times), The harvest is plentiful, but the labourers are few.

06/03/2024 (The Star Online), Kuala Lumpur - Malaysian palm oil price is seen trading in the range of 3,800 to 4,300 ringgit in the next three months as supplies tighten, leading industry analyst Thomas Mielke said on Wednesday.