Archived News

28/06/2022 (Free Malaysia Today), Bangi - The government has urged palm oil millers who have ceased their milling operations due to the fall in edible oil prices to resume operations immediately.

27/06/2022 (The Edge Markets), Kuala Lumpur - Some palm oil millers in Malaysia, the world's second largest producer, have temporarily halted production following a dramatic plunge in prices of the edible oil, a senior official from a miller's association said on Monday.

27/06/2022 (The Edge Markets), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher on Monday (June 27), tracking soybean oil gains on the Chicago Board of Trade (CBOT), a dealer said.

28/06/2022 (The Star Online), Kuala Lumpur - Palm oil posted its biggest advance in two months on bargain hunting and optimism that Chinese demand will improve, although investors remained cautious as crop prices have crashed to the levels before Russia’s invasion of Ukraine.

27/06/2022 (New Straits Times), Kuala Lumpur - The Russia-Ukraine war and weather uncertainties offer a "golden opportunity" for Malaysia to engage with the European Union and fill the gap in the global cooking oil supply.

27/06/2022 (New Straits Times) - Malaysia wants to foster a cordial engagement with the European Union (EU) in search of a win-win solution that can benefit the palm oil industry at large.

27/06/2022 (Malay Mail) - Malaysia is determined to foster a cordial engagement with the European Union (EU) in search of a win-win solution that can benefit the palm oil industry at large although the trade bloc has remained a staunch opposition of the palm oil trade since 2003.

27/06/2022 (Dhaka Tribune) - Although global prices of crude soybean and palm oils have gone down, Bangladeshi consumers are unlikely to get the maximum benefit as the Taka continued to weaken against the US dollar, along with the announcement of higher tariffs on imported cooking oil after this month.

27/06/2022 (Frontier Myanmar) - If state media is any indication, edible oil is never far from Senior General Min Aung Hlaing’s mind. Barely three weeks after the military coup, as protests swelled around the country, he expounded on the need to cut oil intake for health reasons. Left unstated was the country’s US$1 billion annual bill for palm oil imports, which he apparently deemed unaffordable as an economic crisis enveloped the country.

27/06/2022 (The Edge Markets), Mumbai - It only took 24 hours last month for Prime Minister Narendra Modi's government in India — the world's second-largest producer of wheat — to shelve its plans to "feed the world".

25/06/2022 (The Star Online), Petaling Jaya - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to experience technical correction next week with high supply in the market weighing on prices.

23/06/2022 (The Edge Markets), Teluk Intan - Felcra Bhd through its subsidiary company Felcra Processing & Engineering Sdn Bhd (FPESB) has built a RM3.5 million plant that produces palm oil milk or santan with the brand name Suri.