Archived News
11-02-2022
Indonesian government says no to reclassifying oil palm estates as forests
The Indonesian government says it has no plans to reclassify oil palms as a forest crop rather than an agricultural one, following a controversial proposal made by the country’s leading forestry university.
11-02-2022
Palm rises as Indonesia expands export permit requirements
The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange climbed 0.07% to 5,598 ringgit ($1,338.59) per tonne by midday break.
11-02-2022
Indonesia extends palm oil export levy waiver up to ref price of $800/T
01/11/2022 (Hellenic Shipping News) - Indonesia said on Monday it has extended until the end of this year its policy of waiving a palm oil export levy, unless the palm oil reference price breaks $800 per tonnes, the economic ministry said.
10-02-2022
Willie tells global community to lend helping hand and make palm oil industry sustainable
KUALA LUMPUR (Feb 9): The global community should be offering a helping hand to the palm oil industry should they want the producers to produce sustainable palm oil, Deputy Minister of Plantation Industries and Commodities Datuk Willie Anak Mongin said.
10-02-2022
Indonesia expands domestic market obligations to cover all palm oil exports
Indonesia expanded the scope of a January ruling, which required suppliers to declare their export plans of crude palm oil, olein and used cooking oil, to include all palm oil products, the country's trade ministry said Feb. 9.
10-02-2022
MPOC launches campaign promoting palm oil goodness at Lulu hypermarkets
DUBAI: The Malaysian Palm Oil Council (MPOC) and Lulu International Group have entered into a partnership to promote Malaysian palm oil-based products at Lulu Hypermarkets in Dubai.
10-02-2022
CPO futures end higher as Indonesia expands export curbs
KUALA LUMPUR (Feb 9): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives snapped two straight days of losses to close higher on Wednesday, lifted by a news report that Indonesia, the biggest supplier, is expanding its palm oil export curbs to include all palm oil products.
10-02-2022
Palm rebounds on supply worries after Indonesia’s fresh restrictions for exports
Malaysian palm oil futures rebounded on Wednesday after the world’s top palm oil maker Indonesia issued a regulation stating it would start requiring export permits for all palm oil products, raising fears of global supply disruption.
10-02-2022
Indonesia sets permit requirements on all palm product exports-document
The world’s top palm oil maker Indonesia had expanded its export permit requirement for palm oil products to include other derivatives, a Trade Ministry regulation reviewed by Reuters on Wednesday showed.
10-02-2022
Soybeans Resume Rise With South America Crops In Focus
PARIS/SINGAPORE, Feb 9 (Reuters) - Chicago soybean futures headed back toward an eight-month peak on Wednesday as the market awaited a U.S. government report for a latest indication on weather damage to South American crops.
10-02-2022
USDA maintains forecast for 2021-’22 soybean oil use in biofuel
The USDA maintained its forecast for 2021-’22 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released Feb. 9. The 2021-’22 soybean outlook is for increased soybean crush and lower ending stocks.
10-02-2022
Indonesian 2022 CPO output could hit 49mn t: Gapki
Indonesian crude palm oil (CPO) production is expected to rise by more than 2mn t from 2021 to 49mn t this year, according the national palm oil association Gapki, its most prolific output since at least 2017.