Archived News

25/02/2024 (New Straits Times), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade higher next week due to ongoing positive sentiment, a dealer said.

25/02/2024 (The Hindu Business Line) - Edible oils are among India’s most imported commodities, second only to petroleum and gold. With nearly 60 per cent of the country’s annual consumption of 25 million tonnes shipped in from overseas, the edible oil import bill surged 34 per cent to ₹1.57 lakh crore for the 2021-22 oil year.

25/02/2024 (The People Network) - Imagine a bustling street corner, the aroma of freshly fried snacks wafting through the air, enticing passersby with the promise of a quick, delicious bite. It's a common scene in cities worldwide, where street food plays a pivotal role in the culinary culture. Yet, beneath the inviting fragrance lies a hidden health risk that oncologist Dr. Harishankar Shukla recently illuminated during the 112th Foundation Day celebrations of King George's Medical University's (KGMU) general surgery department. His caution against the dangers of repeatedly heated cooking oil (RCO) has sparked a crucial conversation on our dietary habits and their long-term implications on our health.

26/02/2024 (The Business Line) - THE prices of the benchmark active Malaysian crude palm oil futures contract remained ensnared in a tight range throughout the week starting Feb 19, weighed down by a medley of conflicting fundamental data. Weak exports and decreased production during this period painted the picture of cautious consolidation within the commodity market.

25/02/2024 (Daily Post) - Opinion leaders in Osun State have spoken up against the current economic challenges being experienced daily by Nigerians across all walks of life.

22/02/2024 (The Express Tribune), Islamabad - Edible oil including soyabean and palm imports into the country during the first seven months of the current financial year decreased by 49.85% and 34.14% respectively as compared to the imports of the corresponding period of last year.

22/02/2024 (The Edge Malaysia), Kuala Lumpur - Sime Darby Plantation Bhd, the world’s largest palm oil producer by acreage, said on Thursday palm oil prices may stay elevated at around current levels this year.

22/02/2024 (The Edge Malaysia), Kuala Lumpur - Sime Darby Plantation Bhd, the world’s largest palm oil producer by acreage, said on Thursday that its net profit fell more than 64% in the fourth quarter from a year earlier, weighed by lower average realised prices.

22/02/2024 (Hellenic Shipping News Worldwide), Malaysian palm oil futures closed down on Thursday, weighed down by profit taking, weakness in export performance and absence of fresh buying support.

22/02/2024 (Antara), Jakarta - The National Food Agency (Bapanas) stated that Indonesian snacks and palm oil industries participated in the 2024 Gulfood Exhibition at the Dubai World Trade Center, the United Arab Emirates (UAE).

21/02/2024 (Bernama), Keningau – One hundred and sixty-two Sustainable Palm Oil Clusters (SPOC) involving 177,355 private palm oil smallholders (PKP) have received the Malaysian Sustainable Palm Oil (MSPO) certification under the Malaysian Palm Oil Board (MPOB) as at Dec 31 last year.

21/02/2024 (Nasdaq), Jakarta - Malaysian palm oil futures rose on Wednesday, tracking strength in Dalian's palm olein contract and Chicago soyoil, although weak exports data limited gains.