Archived News

08/02/2024 (The Star Online), Petaling Jaya - The earnings of plantations companies will be on the back foot for the final quarter of 2023 (4Q23) due to weaker crude palm oil (CPO) prices during the period.

05/02/2024 (Free Malaysia Today), Mumbai - India’s palm oil imports fell to a three-month low in January, as refiners increased buying of rival soyoil due to negative refining margins for crude palm oil (CPO), five dealers told Reuters on Monday.

05/02/2024 (Nasdaq), Jakarta - Malaysia's palm oil stocks likely fell for three straight months to the end of January, in line with seasonal low production in the world's second biggest palm oil producer, a Reuters survey showed on Monday.

06/02/2024 (Hellenic Shipping News) - Malaysian palm oil futures reversed early losses and snapped a four-session losing streak to close higher on Monday, with concerns of lower January output and a weaker ringgit underpinning the market.

05/02/2024 (The Jakarta Post) - Economists are taking flak after missing the mark on inflation, failing to anticipate disruptions in global supply chains and forecasting a recession that has not materialised.

05/02/2024 (Brown Field) - Indiana agricultural organizations prioritized the need for a state biofuel tax incentive during Monday’s Bacon Bar and Brunch with lawmakers at the statehouse.

04/02/2024 - (The Business Standard) - Global commodity prices have fallen and traders have also built good stocks of sugar, dates, edible oil, pulses, chickpeas and onions for Ramadan market, but there is no good news for local consumers. Prices are unlikely to decrease as traders argue the dollar crisis and the Red Sea conflict have made their imports costlier.

04/02/2024 (The Business Standard) - Bangladesh's merchandise export earnings reached $5.72 billion in January, highest in a single month so far, bringing another good news on the external sector in the first week of this month after monthly remittance hit seven-month peak.

05/02/2024 (Business Mirror) - The benchmark for world food commodity prices fell further in January, albeit slightly, led by decreases in the prices of cereals and meat, which more than offset an increase in the sugar prices, the Food and Agriculture Organization of the United Nations (FAO) said Friday.

03/02/2024 (Antara News), Jakarta - Indonesia has expressed the hope that the implementation of the European Union Deforestation Regulation (EUDR) will be delayed for the sake of plantation smallholders.

02/02/2024 (Malaysia Mail), Kuala Lumpur - The second meeting of the Ad Hoc Joint Task Force (JTF) on the European Union Deforestation Regulation (EUDR) held in Putrajaya today decided to establish dedicated teams and timeline to advance the work under each workstream.

01/02/2024 (New Straits Times) - THE time is ripe for Malaysian palm oil producers to seize the untapped the potential found in the biomass industry, which is set to be a game-changer for the country in the coming years.