Archived News

KUALA LUMPUR: The Council of Palm Oil Producing Countries (CPOPC) plans to collaborate with other vegetable oil producers to address sustainability issues via a strategy called the triple-track approach, said its secretary-general Rizal Affandi Lukman.

KUALA LUMPUR, Jan. 11 (Xinhua) -- Analysts have on Thursday maintained crude palm oil (CPO) price forecasts amid falling stockpiles in Malaysia.

Indonesia's state-owned palm oil planter, PalmCo, has unveiled ambitious plans to diversify its revenue streams by venturing into the biodiesel sector and expanding its cooking oil production capacity. The Chief Executive Officer of PalmCo, Jatmiko Krisna Santosa, announced these strategic initiatives on Wednesday, emphasizing the company's commitment to bolstering its presence in downstream businesses.

11/01/2024 (Reuters), Jakarta - Indonesia in 2023 approved the replanting of 53,012 hectares (130,995.5 acres) of palm oil trees on land owned by smallholder farmers under a subsidised programme, data from the country's palm oil funding (BPDPKS) agency showed on Wednesday.

10/01/2024 (The Star Online), Kuala Lumpur - Malaysia’s palm oil stocks hit a four-month low at the end of December as production slumped to its lowest level in six months, offsetting a slowdown in exports.

10/01/2024 (The Edge Malaysia), Kuala Lumpur - Malaysia’s total palm oil stocks fell by 4.64% to 2.29 million tonnes in December, from 2.40 million tonnes in November, according to the Malaysian Palm Oil Board (MPOB).

10/01/2024 (BNN Breaking) - The palm oil sector of Malaysia, the world’s second-largest producer, experienced a significant dip in December 2023. According to the Malaysian Palm Oil Board (MPOB), the country’s palm oil stock decreased by 4.64% to 2.29 million tons from 2.4 million tons in November. This reduction marks a four-month low for the industry, reflecting a slump in production coupled with a slowdown in exports.

09/01/2024 (Free Malaysia Today), Petaling Jaya - The El Nino weather phenomenon is expected to lead to a decline in palm oil yield in 2024, but experts differ on the extent of the impact on production.

09/01/2024 (New Straits Times), Singapore - Malaysian palm oil company Johor Plantations Group has filed a draft prospectus for a domestic initial public offering (IPO), which capital markets publication IFR said would be worth up to US$180 million.

08/01/2024 (Nasdaq), Jakarta - Malaysian palm oil futures were little changed on Tuesday as market participants awaited monthly Malaysian Palm Oil Board (MPOB) data scheduled for release on Wednesday for further direction.

09/01/2024 (Business Standard) - The Telangana government on Tuesday said that Godrej Agrovet Company Ltd has expressed interest in setting up an integrated palm oil processing unit in collaboration with Malaysia-based company Sime Darby in Khammam district.

09/01/2024 (The Star Online), Klang - There is no restriction on foreigners buying subsidised cooking oil packets but they are subject to the same purchase limits as Malaysians, says Datuk Armizan Mohd Ali.