Archived News

05/03/2024 (New Straits Times), Kuala Lumpur - Malaysia's oil palm plantation can be managed more efficiently if the sector can consolidate at least 30 per cent of its independent smallholders, Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani said.

05/03/2024 (Free Malaysia Today), Mumbai - India’s palm oil imports in February plunged to their lowest levels in nine months, as higher prices prompted buyers to reduce purchases of the tropical oil and increase buying of sunflower oil, five dealers told Reuters on Tuesday.

05/03/2024 (The Sun), Kuala Lumpur - The government will develop an oil palm biomass collection and processing centre (CPC) in Sandakan, Sabah with an investment of RM60 million through a collaboration with Nextgreen Global Bhd and Kumpulan Sawit Kinabalu, said Deputy Plantation and Commodities Minister Datuk Chan Foong Hin.

05/03/2024 (Free Malaysia Today), Petaling Jaya - Sime Darby Plantation Bhd, one of the world’s largest palm oil producers, expects 2024 production growth to rise at least 5% from last year, as the country’s labour situation improves, said a top executive today.

05/04/2023 (Barrons) - A WTO dispute panel on Tuesday found largely in the European Union's favour in a row with Malaysia over rules affecting the EU's consumption of palm oil-based biofuels.

05/03/2024 (Free Malaysia Today), Kuala Lumpur - Malaysia, the second-biggest palm oil producer, expects Asia and Africa to soak up any supply that becomes available from export disruptions to Europe after the bloc’s new deforestation laws come into effect.

04/03/2024 (The Edge Malaysia), Kuala Lumpur - India, the world's biggest vegetable oil importer, is expected to buy larger volumes of soyoil in 2024, while purchases of palm oil are likely to decline, a top dealer said on Monday.

04/03/2024 (XM), Singapore - Malaysian palm oil futures dropped on Monday, tracking weakness in rival edible oils and a stronger ringgit.

04/03/2024 (The Star Online) - THE oil palm sector has been receiving more attention from the authorities lately, particularly during the last two election cycles. This augurs well for smallholders who will benefit from policy changes to upgrade the sector.

04/03/2024 (The Hindu Business Line) - Indian Vegetable Oil Producers’ Association (IVPA) expects vegetable oil import to be at 16.2 million tonnes (mt) during the 2023-24 (October-September) edible oil season against 17.06 mt in 2022-23.

02/03/2024 (The Star Online), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade lower next week on profit-taking as market players await the outcome of the international palm oil conference.

03/03/2024 (03/03/2024 (BNN Breaking) - Pakistan is undergoing a transformative phase in agriculture, with a significant increase in olive cultivation, particularly in the Pothohar region, Balochistan, Khyber-Pakhtunkhwa, and other areas, aiming to enhance domestic edible oil production and reduce import reliance. The country's climate change ministry is spearheading an ambitious plan to plant over one million olive plants, tapping into the fertile lands of Pothohar, termed as 'olive valley,' where over 1.2 million olive plants are already flourishing, engaging around 1,300 farmers.) - Pakistan is undergoing a transformative phase in agriculture, with a significant increase in olive cultivation, particularly in the Pothohar region, Balochistan, Khyber-Pakhtunkhwa, and other areas, aiming to enhance domestic edible oil production and reduce import reliance. The country's climate change ministry is spearheading an ambitious plan to plant over one million olive plants, tapping into the fertile lands of Pothohar, termed as 'olive valley,' where over 1.2 million olive plants are already flourishing, engaging around 1,300 farmers.