Archived News

KUDAT (April 5): As of February this year, 69 Sustainable Oil Palm Growers Cooperatives (KPSM) have been established throughout the country, said Deputy Minister of Plantation Industries and Commodities, Datuk Seri Dr Wee Jeck Seng.

Malaysian palm oil futures climbed for a second straight session on Tuesday, lifted by strength in crude oil futures and as surveys indicated tight end-March inventories in the world’s second largest producer.

NIWAI, India (April 5): India has harvested a record rapeseed-mustard crop, but crushing could lose momentum in the coming months as many farmers are holding back from selling to oilseed processors in the hope prices will rally further.

SINGAPORE: Palm oil may gain more into a range of 5,855-5,966 ringgit per tonne, as suggested by a projection analysis. Market is still under a consolidation phase.

PETALING JAYA: The plantation sector is likely to see record earnings for the January to March quarter as crude palm oil (CPO) prices stay elevated.

(April 4): Indonesia’s police will be deployed for a 24-hour surveillance of cooking oil production and distribution as rising food prices become a key political issue in the country.

Palm oil imports rise 21% in March to 5,50,000 tonnes India's palm oil imports jumped 21% in March from the previous month as traders moved to secure alternatives to sunflower oil that can no longer be bought from Ukraine, four dealers told Reuters.

KUALA LUMPUR (April 4): Malaysia's palm oil stockpile is pegged to tick up at the end of March, as a rise in exports and plummeting imports offset growing production, a Reuters survey showed on Monday.

KUALA LUMPUR (April 4): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher, tracking gains in the Chicago Board of Trade soybean oil prices, said a dealer.

KUALA LUMPUR: Malaysian palm oil futures rose more than 2% on Monday after hitting a six-week low in the previous session, as traders’ assessed a Reuters’ survey showing an uptick in end-March inventories. The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange closed up 120 ringgit, or 2.16%, to 5,686 ringgit ($1,348.99) a tonne, ending a three-session decline.

KUALA LUMPUR, April 4 — The Minister of Plantation Industries and Commodities Datuk Zuraida Kamaruddin has led the Economic and Agricommodity Products Promotion Mission to Turkey from March 26 to March 30, 2022.

While the war in Ukraine has had a direct impact on some commodity markets like corn and wheat, its impact is more indirect when it comes to soybeans. But there is an impact nonetheless.