Archived News

SINGAPORE: Malaysian palm oil futures snapped two consecutive sessions of gains on Monday, weighed down by weakness in crude oil prices, although losses were limited by higher exports and production concerns.

KUALA LUMPUR: Malaysia has maintained its February export tax for crude palm oil at 8% and lowered its reference price, a circular on the Malaysian Palm Oil Board website showed on Tuesday.

BANGI: The Malaysian palm oil industry is expected to be a key driver of the country's economic growth in 2024, contributing significantly to the global oils and fats market.

BANGI: Foreign workers are only allowed for the agriculture industry, and stricter regulations will be imposed to prevent Malaysia from being accused of practicing forced labour and engaging in human trafficking activities.

PETALING JAYA: Oil palm smallholders are getting ready with preventive measures for the dry season anticipated after February, which may affect their yield.

KUALA LUMPUR, Jan 19 (Reuters) - Malaysian palm oil futures rose on Friday, heading for a second straight week of gains, underpinned by stagnant production and strength in rival edible oils.

(Alliance News) - MP Evans Group PLC on Friday celebrated annual output growth and said it has resumed its share buyback programme.

KUALA LUMPUR, Jan 19 (Reuters) -Malaysian palm oil futures rose for a second session on Friday, tracking strength in rival edible oils, although weaker crude oil prices capped the gains.

18/01/2024 (Malay Mail), Jakarta - Malaysian crude palm oil (CPO) prices are expected to rise in 2024, as stagnant production despite rising demand for biodiesel is seen offsetting the impact of higher output of rival oils, a Reuters poll showed.

18/01/2024 (The Edge Malaysia), Kuala Lumpur - Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed at a nearly two-month high at above RM3,800 on Thursday.

19/01/2024 (Business Recorder) - EDITORIAL: It doesn’t take more than a simple understanding of basic mathematics to see the good sense in the argument of leading edible oil importer and CEO of the Pakistan Edible Oil Conference (PEOC) Rasheed Janmohammed that efforts should be made to enhance cultivation of edible oil plants inside the country.

18/01/2024 (The Edge Malaysia) - The topic of palm oil — and whether it can be sustainably produced — is a controversial one, with a range of views from different parties. This tension has boiled over in recent years as palm oil boycotts took off and the European Union Deforestation Regulation (EUDR) was introduced.