Archived News

06/03/2024 (The Edge Malaysia), Kuala Lumpur - Fastmarkets Palm Oil Analytics managing editor Dr Sathia Varqa said the current high cost of crude palm oil (CPO) isn't sustainable and anticipates a price drop to between RM3,500 and RM3,700 in the second half of 2024.

07/03/2024 (The Star Online), Petaling Jaya - The price of crude palm oil (CPO) is expected to average RM4,000 per tonne this year, before easing to RM3,800 per tonne in 2025.

06/03/2024 (Channel News Asia), Kuala Lumpur - Malaysia said on Wednesday (Mar 6) it will closely monitor how the EU responds to a WTO ruling that supported the bloc's stance that palm oil-based biodiesel should not count as a renewable biofuel, but sought changes in how it implemented that decision.

06/03/2024 (Free Malaysia Today), Geneva - A complaint by Malaysia against the European Union over the bloc’s rules on the use of palm oil-based biofuels has largely failed at the World Trade Organization (WTO), dpa news reports.

07/04/2024 (New Straits Times) - The World Trade Organisation's (WTO) rulings are usually clear, but its decision on Tuesday following Malaysia's request to rule on the European Union's (EU) discriminatory regulations against the country's palm oil is an exception.

06/03/2024 (Channel News Asia), Kuala Lumpur - Stagnating global palm oil production and higher biodiesel mandates are likely to curb supplies of the world's most used vegetable oil this year, setting the stage for further gains in prices, which are trading at their highest in seven months.

06/03/2024 (The Star Online), Kuala Lumpur - Indonesia's 2024 palm oil exports are seen at 29.50 million metric tonnes, down from 30.25 million tonnes last year, the Indonesia Palm Oil Association (GAPKI) said at an industry conference on Wednesday (March 6).

06/03/2024 (New Straits Times), Kuala Lumpur - The palm oil-producing nations, Malaysia and Indonesia, must come together to support each other as palm oil may become scarce in the future, industry specialists said.

05/03/2024 (The Star Online), Kuala Lumpur - The Malaysian palm oil industry is expected to show growth in 2024 in light of recovery in labour supply, improved palm oil price projections and heightened demand from key export destinations, said Bursa Malaysia Bhd chairman Tan Sri Abdul Wahid Omar.

05/02/2024 (Malay Mail), Kuala Lumpur - The Malaysian palm oil market is expected to remain positive in 2024, with strong demand from top export destinations such as India with 17.4 per cent of the share, China (9.1 per cent), and the European Union (7.4 per cent), said Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani.

05/03/2024 (The Edge Malaysia), Kuala Lumpur - United Plantations Bhd (UP), which recently posted record earnings and dividend for 2023, is expecting crude palm oil (CPO) prices to range between RM3,850 and RM4,250 per tonne this year amid supply constraints.

05/03/2024 (New Straits Times), Kuala Lumpur - The yearly growth rates of palm oil production are slowing down, dropping by 30 per cent on average from 2011 to 2020 compared to earlier years, according to United Plantations Bhd vice chairman and chief executive director Datuk Carl Bek-Nielsen.