Archived News

20/04/2022 (The Star Online) - Indonesian President Joko Widodo said on Wednesday he wanted a thorough investigation of alleged breaches of rules for issuing palm oil export permits after the government's policy failed to help contain surging cooking oil prices.

20/04/2022 (The Edge Markets), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives snapped a three-day winning streak to close lower on Wednesday on profit-taking as well as concerns over weaker export performance, a dealer said.

19/04/2022 (Mongabay), Jakarta - Indonesian prosecutors have charged a top trade ministry official and three palm oil executives in connection with a scarcity of cooking oil that has driven up process and caused public unrest.

20/04/2022 (The Straits Times), Jakarta - Indonesia has detained suspects including the commissioner of a Wilmar International unit and a senior trade ministry official as part of a corruption case involving palm oil exports.

20/04/2022 (New Straits Times), Kuala Lumpur - The impact on Sime Darby Plantation Bhd's share price from Italian confectionary giant Ferrero and Cargill Inc bans of the former's palm oil is just a knee-jerk reaction, analysts said.

20/04/2022 (Antara News), Jakarta - Attorney General Sanitiar Burhanuddin has said that he will not hesitate to legally process anybody, including ministerial-level officials, in connection with the recent case of cooking oil shortage.

JAKARTA (April 19): Indonesian authorities have opened a corruption case linked to the issuance of palm oil export permits, naming four suspects including a Trade Ministry official and palm oil company executives, the attorney-general said on Tuesday (April 19).

Cargill Inc., one of the word’s biggest agricultural traders, stopped buying palm oil products from Sime Darby Plantation Bhd. after the U.S. said it found indicators of forced labor in the Malaysian grower.

KUALA LUMPUR (April 18): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher on Monday (April 18), tracking gains in the soybean oil on the Chicago Board of Trade, as well as higher crude oil prices.

CAIRO - 18 April 2022: Egypt’s exports to Malaysia hiked 35 percent during 2021, amounting to about $126.7 million, compared to about $94 million in 2020, according to the Minister of trade and Industry Nevine Gamea.

The US soybean crush in March reached a record for the month at 181.76 million bushels (4.95 million mt), a National Oilseed Processors Association report said April 18.

JAKARTA, April 18 (Reuters) - Indonesia's production of palm-based biodiesel in January and February stood at 1.4 million kilolitres, Paulus Tjakrawan, vice chairman of the Indonesian Biofuel Producers Association (APROBI) said on Monday.