Archived News
11-02-2022
Malaysia end-Jan palm oil stocks lower than expected as imports, output tumble
Malaysia's palm oil inventories dropped more than anticipated at the end of January, hitting a six-month low as production and imports slumped, data from the industry regulator showed on Thursday.
11-02-2022
Concerns over weaker demand weigh on CPO prices
The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower on concerns over weaker demand, according to a dealer.
11-02-2022
Malaysian Palm Oil All Set For The Big Push Into The UAE Market
An MoU was earlier sealed between MPOC and the Lulu Group International (LULU) to promote and market Malaysia’s palm-oil based products through the latter’s wide chain of hypermarkets located in the UAE.
11-02-2022
Indonesian government says no to reclassifying oil palm estates as forests
The Indonesian government says it has no plans to reclassify oil palms as a forest crop rather than an agricultural one, following a controversial proposal made by the country’s leading forestry university.
11-02-2022
Palm rises as Indonesia expands export permit requirements
The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange climbed 0.07% to 5,598 ringgit ($1,338.59) per tonne by midday break.
11-02-2022
Indonesia extends palm oil export levy waiver up to ref price of $800/T
01/11/2022 (Hellenic Shipping News) - Indonesia said on Monday it has extended until the end of this year its policy of waiving a palm oil export levy, unless the palm oil reference price breaks $800 per tonnes, the economic ministry said.
10-02-2022
Willie tells global community to lend helping hand and make palm oil industry sustainable
KUALA LUMPUR (Feb 9): The global community should be offering a helping hand to the palm oil industry should they want the producers to produce sustainable palm oil, Deputy Minister of Plantation Industries and Commodities Datuk Willie Anak Mongin said.
10-02-2022
Indonesia expands domestic market obligations to cover all palm oil exports
Indonesia expanded the scope of a January ruling, which required suppliers to declare their export plans of crude palm oil, olein and used cooking oil, to include all palm oil products, the country's trade ministry said Feb. 9.
10-02-2022
MPOC launches campaign promoting palm oil goodness at Lulu hypermarkets
DUBAI: The Malaysian Palm Oil Council (MPOC) and Lulu International Group have entered into a partnership to promote Malaysian palm oil-based products at Lulu Hypermarkets in Dubai.
10-02-2022
CPO futures end higher as Indonesia expands export curbs
KUALA LUMPUR (Feb 9): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives snapped two straight days of losses to close higher on Wednesday, lifted by a news report that Indonesia, the biggest supplier, is expanding its palm oil export curbs to include all palm oil products.
10-02-2022
Palm rebounds on supply worries after Indonesia’s fresh restrictions for exports
Malaysian palm oil futures rebounded on Wednesday after the world’s top palm oil maker Indonesia issued a regulation stating it would start requiring export permits for all palm oil products, raising fears of global supply disruption.
10-02-2022
Indonesia sets permit requirements on all palm product exports-document
The world’s top palm oil maker Indonesia had expanded its export permit requirement for palm oil products to include other derivatives, a Trade Ministry regulation reviewed by Reuters on Wednesday showed.