Archived News
19-01-2022
NOPA December soy crush jumps to record-high 186.438 million bushels
CHICAGO, Jan 18 (Reuters) - U.S. soybean processors crushed a record monthly volume of soybeans in December and soybean oil stocks swelled to the largest in 20 months, topping trade expectations, according to National Oilseed Processors Association (NOPA) data released on Tuesday.
19-01-2022
India & China to Continue as Global Palm Oil Demand Drivers
Global palm oil demand drivers will be India and China again since these nations are expected to maintain their highest presence as the world’s leading palm oil importers. The International Monetary Fund (IMF) in its World Economic Outlook had estimated the global economic growth at 5.9% in 2021.
17-01-2022
Malaysia’s palm oil exports in January 1-15 fell 32.2 percent, according to AmSpec Agri
According to AmSpec Agri Malaysia’s independent inspection company on Saturday, Malaysian palm oil products exported for January 1-15 decreased by 32.1% to 492,883 tonnes.
17-01-2022
Govt awaits new date for EU's alleged palm oil discrimination proceeding, says Zuraida
KUALA LUMPUR: The government is still waiting for the exact date for the dispute proceeding on the European Union's (EU) alleged discrimination against Malaysian palm oil scheduled in March this year, says Datuk Zuraida Kamaruddin (pic).
17-01-2022
Malaysia keeps February crude palm oil export duty at 8%
Malaysia has kept its February export tax for crude palm oil at 8%, a circular on the Malaysian Palm Oil Board website showed on Friday.
17-01-2022
Palm down on profit-taking, tracks weaker rival oils
Malaysian palm oil futures fell on Friday, tracking weaker rival oils, while traders also locked in profit after the contract rose to an all-time high on concerns of labour shortage.
17-01-2022
Indonesia plans B40 biodiesel road tests next month
JAKARTA (Jan 17): Indonesia's Energy Ministry plans to begin road tests for a biodiesel programme using 40% palm-based bio-content (B40) in February, a senior government official said on Monday (Jan 17).
17-01-2022
CPO futures end lower, tracking Chicago Board of Trade
KUALA LUMPUR (Jan 14): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower on Friday, tracking the weak performance of the Chicago Board of Trade (CBOT) soybean oil market, said palm oil trader David Ng.
12-01-2022
Palm oil closes at record high on concern over shrinking supply
(Jan 12): Palm oil ended at a record high on Tuesday (Jan 11) as poor supplies because of flooding and labour shortages in second-biggest grower Malaysia outweighed concerns over weaker demand.
12-01-2022
Maybank KE 'positive' on Malaysian plantation sector in 2022; UOBKH and RHB expect elevated CPO prices to moderate
INVESTORS should stay "positive" on the Malaysian plantation sector with crude palm oil (CPO) prices off to a good start in 2022, Maybank Kim Eng (Maybank KE) said on Tuesday (Jan 11), though UOB Kay Hian (UOBKH) and RHB projected a more tepid outlook for the industry on expectations of a downtrend in current elevated CPO prices.
12-01-2022
Cooking oil industry plays significant role in economy: Ministry
Jakarta (ANTARA) - The downstream industry of palm oil and crude palm oil (CPO) derivatives has contributed significantly to the national economy, Industry Ministry's Director General of Agro-Industry, Putu Juli Ardika, stated.
12-01-2022
Palm eases on plummeting exports but tight stockpile limits fall
KUALA LUMPUR: Malaysian palm oil futures slipped on Tuesday, weighed by cargo surveyor data showing a tumble in Jan. 1-10 exports, even as official numbers showed a sharp decline in December inventories.