Archived News

04/03/2022 (The Edge Markets) - Palm oil retreated on concerns about demand destruction from record high prices, although expectations of shrinking stockpiles in second-biggest grower Malaysia and escalating tension in the Black Sea region curbed losses.

04/03/2022 (The New Straits Times) - KUALA LUMPUR: The increased revenue from the growing demands for palm oil will greatly help the country's recovery from the effects of the Covid-19 pandemic, said the Ministry of Plantation Industries and Commodities.

03/03/2022 (The Sun Daily), Petaling Jaya - Palm oil players should focus on increasing yields and not hectarage as a way out of the unusual crude palm oil (CPO) supply crunch which has seen CPO futures contract hitting an all time high of RM8,163 per metric ton (pmt), according to Inter-Pacific Securities head of research Victor Wan.

03/03/2022 (The Edge Markets), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives rebounded to end higher on Thursday on expectation of increasing demand on the back of the Russia-Ukraine crisis, dealers said.

03/03/2022 (The Edge Markets), New Delhi - The blistering rally in palm oil is starting to turn away customers in India, the world’s biggest importer.

NEW DELHI/MUMBAI, March 2 (Reuters) - India has asked Indonesia to increase palm oil shipments to the country to compensate for a loss of sunflower oil supplies from the Black Sea region due to the Ukraine crisis, several government and industry sources in India told Reuters.

KUALA LUMPUR (March 2): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower on Wednesday on profit taking after a jump of over 3% on Tuesday, dealers said.

KUALA LUMPUR (March 2): The surge in crude palm oil (CPO) price is closely connected to the price hike in Brent crude as a result of the Russian invasion of Ukraine and the production limit set by the Organisation of the Petroleum Exporting Countries (Opec), according to the Malaysian Palm Oil Board (MPOB).

PONTIAN: A new system has been developed by the Malaysian Palm Oil Board (MPOB) to curb oil palm fresh fruit bunch (FFB) theft and unscrupulous activities involved in the buying and selling of the commodity.

KUALA LUMPUR (March 2): Kuala Lumpur Kepong Bhd's (KLK) share price rose to its all-time high on Wednesday (March 2) as investors expect the company to deliver a strong set of earnings on the back of soaring crude palm oil (CPO) prices.

KUALA LUMPUR: Malaysia has adequate supplies of government-subsidised cooking oil to meet local demand and help blunt the impact of food inflation on lower income groups, according to Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin.

New Delhi: Continuing hostilities between Russia and Ukraine are set to impact the domestic selling prices of wheat and sunflower oil.