Archived News
16-12-2021
Licensed wholesaler suspected of abusing subsidised cooking oil
13/12/2021 (www.theedgemarkets.com) - PUTRAJAYA : A licensed controlled goods wholesaler in Rawang Selangor was found carrying out irregular activities on one-kg pack subsidised cooking oil at its premises.
16-12-2021
MPOB, Chinese partners to produce biodiesel and biojet fuel in Malaysia
13/12/2021 (www.nst.com.my) - KUALA LUMPUR: Malaysian Palm Oil Board (MPOB) has partnered with Pengerang Maritime Industries Sdn Bhd, Shanxi Construction Investment Group Co Ltd (SCIG) and Chinese Academy of Sciences' Institute of Coal Chemistry to produce biodiesel and biojet fuel in Malaysia.
16-12-2021
B10 biofuel mandate unlikely to curb Brazilian soybean crush in 2022
15/12/2021 (www.spglobal.com) - The Brazilian soybean crushing volume in 2022 is unlikely to slacken despite the National Energy Policy Council's decision to cut next year's biofuel content level in diesel from 13% (B13) to 10% (B10), analysts told S&P Global Platts.
15-12-2021
Palm oil fluctuates, eyes 4,625-4,676 ringgit range
SINGAPORE: Palm oil may break a support at 4,751 ringgit per tonne, and fall into 4,625-4,676 ringgit range.
15-12-2021
Vegetable oil imports rise 6% in Nov at 11.73 lakh tonnes: SEA
Edible oil imports rose to 11,38,323 tonnes last month from 10,83,329 tonnes in the year-ago period.
15-12-2021
Bursa opens lower in early trade, tracking Wall Street
KUALA LUMPUR (Dec 14): Bursa Malaysia opened lower in early trade on Tuesday (Dec 14), taking its cue from the weaker performance on Wall Street as it took a turn and fell across the board, led by sell-offs of consumer discretionary and energy stocks.
15-12-2021
USDA sees little renewable diesel benefit for soybean oil
Analysts generally concur that the burgeoning renewable diesel industry will result in exploding demand for soybean oil through 2030.
15-12-2021
Anti-palm oil campaigns run counter to principles of free trade, Saifuddin tells G7
PUTRAJAYA: As a country committed to enhancing trade liberalisation through a multilateral trading system centred on the World Trade Organisation (WTO), Malaysia views anti-palm oil campaigns and resolutions as contradictory to the principles of free trade and harmful to trade relations.
15-12-2021
Malaysia’s palm oil producers adjust to labour shortages, higher recruitment costs
Malaysia’s palm oil producers are racing to adjust to an acute shortage of workers due to the coronavirus and sharply higher costs of recruitment as they make changes in response to accusations of forced labour.
15-12-2021
Palm oil firms on stronger crude, tightening Dec supply estimates
KUALA LUMPUR: Malaysian palm oil futures reversed early losses on Monday, as crude strengthened and analysts estimated tightening December production and stockpile, although weaker rival oils weighed on prices.
14-12-2021
Palm oil falls 1% MoM on lower production, expected to improve in 2022
The production level is expected to recover in the coming months following the return of foreign workers MALAYSIA’S palm oil inventory edged down slightly by 1% month-on-month (MoM) to 1.82 million metric tonnes (MT) in November 2021 due to lower crude palm oil (CPO) production.
14-12-2021
Malaysia supplies 46% of India's palm oil imports in November
NEW DELHI (Dec 13): India imported 539,639 tonnes of palm oil in November 2021, of which 46.6% was supplied by Malaysia.