Archived News

08/01/2024 (The Week) - Over the last few quarters, fast-moving consumer goods (FMCG) companies have been grappling with slow sales, especially in rural markets. The latest commentary from various FMCG firms suggests no major pickup in the October-December quarter too, with the festive season failing to bring much good news.

08/01/2024 (New Straits Times), Kuala Lumpur - Plantation Industries and Commodities Minister Datuk Seri Johari Abdul Ghani said the Malaysian Palm Oil Board (MPOB) should be the global benchmark in all research from the upstream sector to the downstream sector related to palm oil.

07/01/2024 (New Straits Times), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher Friday on stronger soybean oil prices as well as ongoing concern over lower production.

07/01/2024 (Dawn) - The UN Food and Agriculture Organisation (FAO) reported on Friday that its Food Price Index (FFPI) concluded the year over 10 per cent below its December 2022 level.

05/01/2024 (Hellenic Shipping News) - Malaysian palm oil futures rose for a second consecutive session on Friday as investors assessed the prospects of production cuts in Malaysia.

07/01/2024 (Borneo Post Online) - FIVE years have passed since we first visited Rumah Morgan. Lots of things have happened during the past five years, from the unexpected change of federal government and the subsequent political turmoil, to the sweeping pandemic that compelled lockdowns across the globe.

05/01/2024 (The Star Online), Petaling Jaya - Analysts are maintaining a “neutral” stance on the plantation sector, citing the absence of clear catalysts and a landscape of mixed prospects.

04/01/2024 (Jakarta Globe), Jakarta - World’s largest palm oil producer Indonesia is confident about winning its biofuel lawsuit against the European Union (EU) while saying that the ongoing dispute will not affect the negotiations on the long-awaited trade pact with the 27-membered bloc.

04/01/2024 (Malay Mail), Kuala Lumpur - The crude palm oil (CPO) price will likely remain lacklustre in the next few months, possibly until the second quarter of 2024 in the absence of catalysts, said Hong Leong Investment Bank (HLIB) today.

04/01/2024 (Nikkei Asia) - Indonesia recorded domestic sales obligation realization of 3.26 million metric tons in 2023, which translated into 25.2 million tons in export permits, Trade Ministry official Syailendra said on Thursday.

04/01/2024 (Nasdaq), Singapore - Malaysian palm oil futures rose on Thursday, snapping four consecutive sessions of losses, underpinned by a decline in production and firmer crude oil prices.

03/01/2024 (The Edge Malaysia), Mumbai - India's palm oil imports rose in December to their highest in four months, as purchases of refined palm olein surged because of competitive prices, five dealers told Reuters on Wednesday.