Archived News

11/12/2021 (The Star) - KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with an upward bias next week, a dealer said.

KUALA LUMPUR: Malaysia’s palm oil producers are racing to adjust to an acute shortage of workers due to Covid-19 and sharply higher costs of recruitment as they make changes in response to accusations of forced labour.

PARIS: Biofuel consumption in the European Union is set to fall by 2031 as road transport moves away from fossil fuel, while palm oil imports would plummet, slashed by stricter environment regulation, the European Commission said on Thursday.

KUALA LUMPUR (Dec 9): The Ministry of Plantation Industries and Commodities is engaging with a think tank in the palm oil industry to present a thorough case to the European Union (EU) in January next year to address the anti-palm oil campaign and forced labour allegations.

KUALA LUMPUR (Dec 10): Fitch Solutions Country Risk & Industry Research expects commodity prices to ease in 2022 from current levels and forecast most commodity prices to average lower on a year-on-year (y-o-y) basis as supply improves and demand growth eases.

Brazil is expected to produce142.8 million mt of soybeans and 117.2 million mt of corn in the 2021/22 marketing year, the country’s food agency Conab showed in its third 2021/22 crop estimates report released Thursday.

KUALA LUMPUR (Dec 8): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower on Wednesday following weakness in the overnight Chicago Board of Trade's (CBOT) soybean oil market and the Dalian Commodity Exchange during Asian trading hours.

KUALA LUMPUR (Dec 7): Malaysia remains committed to ensuring that oil palm plantations are operated in a sustainable manner, including measures such as banning them in permanent forest reserves and limiting the size of planted areas to 6.5 million hectares nationwide.

Malaysia’s palm oil stockpile at the end of November likely slipped to a four-month low as a surge in exports outpaced a small rise in production, a Reuters survey showed.

KUALA LUMPUR, Dec 7 (Reuters) - Malaysian palm oil futures hit a one-week high in their second consecutive day of gains on Tuesday, as industry surveys pointed to tightening November production and inventory.

JAKARTA (Reuters):An Indonesian court on Tuesday (Dec 7) rejected a bid by two companies to reinstate permits for palm oil plantations in its easternmost region of Papua, in what was seen as a test of the government's pledge to halt such land conversions to contain deforestation.

Posco International Corp., the trading arm of South Korean steel giant Posco, said Wednesday it has set up a holding company in Singapore to further expand its palm oil business overseas.