Archived News

06/08/2024 (Financial Express) - The country is aiming to increase domestic palm oil production from the current level of 0.4 million tonne (MT) to 2.5 MT by 2032 under the national oil palm mission through adding at least 0.1 million hectare (MH) of new plantation annually in the five to six years, according to leading industry officials.

05/08/2024 (Reuters), Chennai/Bengaluru - India's Marico (MRCO.NS), opens new tab, which owns the Saffola and Parachute packaged oil brands, reported a slightly bigger-than-expected increase in first-quarter profit on Monday, helped by steady demand and said its earnings would grow this year.

05/08/2024 (Bar Chart) - Soybeans are trading with midday gains of 2 to 7 cents, ignoring the overnight losses, sharply lower equities and weaker products. Soymeal futures are down $2/ton on the session for the September contract. Soy Oil futures are 49 points lower in the September contract.

05/08/2024 (The National Herald), Athens - The soaring prices of olive oil in Greece, especially Extra Virgin, that has seen Greeks turning to cheaper brands of alternative oils could come down with expectations the 2024 crop will be bigger.

02/08/2024 (Malay Mail), Mumbai - India's palm and soybean oil imports surged to their highest levels in about a year in July, as refiners increased purchases following a price correction and in anticipation of a potential import duty hike, six dealers said on Friday.

05/08/2024 (New Straits Times) - On Oct 22, the Malaysian Oil Scientists and Technologists Association (MOSTA) will host the "Palm Oil Industry and the Circular Economy" conference in Kuala Lumpur.

05/08/2024 (The Edge Malaysia) - Negeri Sembilan Oil Palms Bhd (KL:NSOP) has had a long-standing presence in the plantation industry. Incorporated in March 1928 and listed on Bursa Malaysia’s Main Market in October 1969, the small-cap planter is 55.13%-owned by Tiong Thye Co Sdn Bhd, which is controlled by the Goh family from Singapore.

05/08/2024 (The Edge Malaysia) - Established in 1993, Sabah-based Innoprise Plantations Bhd (KL:INNO) is primarily involved in the cultivation of oil palms and processing of fresh fruit bunches (FFB) to produce crude palm oil (CPO) and palm kernel (PK). Its operations span 22,763ha in the Gunung Rara or Kalabakan area, with 54% currently being used for oil palm cultivation and 12% for industrial tree plantations.

05/08/2024 (Malaya Business Insight) - Vegetable Oils trader Ares Merchants Philippines Inc. (AMPI) targets to ramp up its export activities to support the country’s goal of strengthening the local coconut industry.

01/08/2024 (Bernama), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower as a stronger ringgit continued to weigh on palm oil prices, a dealer said.

01/08/2024 (Reuters), Jakarta - Malaysian palm oil futures dropped for a second consecutive session on Thursday as a stronger ringgit and weakness in rival vegetable oils weighed on the contract.

01/08/2024 (The Edge Malaysia), Jakarta - Indonesia's plan to revise domestic market obligation (DMO) rules for palm oil will not affect the DMO export ratio, a senior trade ministry official said on Thursday.