Archived News

01/01/2024 (The Star Online), Jakarta - Indonesia has lowered its crude palm oil (CPO) reference price for the Jan 1-15 period to $746.69 a metric ton from $767.51 per ton, a trade ministry official said on Friday.

01/01/2024 (New Straits Times) - Sabah finance ministry expects an overall economic growth rate of about 4.0 per cent next year, supported by strong domestic consumption, increased investments and ongoing recovery of key sectors.

02/01/2024 (Financial Express) - India, despite being one of the few developing countries self-sufficient in food, still shipped in $ 33 billion of farm products in 2023 with more than half of it just accounted for by vegetable oils, according to a report by trae policy think tank.

01/01/2024 (Business Standard) - Maintaining high import duties on sensitive agri commodities like rice and resisting pressure to open up the domestic sector to low tariffs will be crucial for preserving India's self-sufficiency and ensuring food security for its population, a report said on Monday.

31/12/2023 (The Print), New Delhi - In a pivotal year for Latin American soy production, Argentina and Brazil are set to drive significant growth in soybean crushing volumes in 2024.

28/12/2023 (New Straits Times) - Our oil palm industry is set to move into 2024 with a better prospect.

28/12/2023 (Farmers Journal) – Europe’s consumption of used cooking oil (UCO) more than doubled between 2015 and 2022, as it’s a key ingredient for biodiesel for cars and trucks.

28/12/2023 (The Nation) - Pakistan is spending a sizable chunk of its budget on the import of edible oil and the volume is increasing with each passing day due to the growing population. The heavy import budget is putting more strain on the national coffers, reports WealthPK.

28/12/2023 (The Edge Malaysia), Kuala Lumpur - Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower on Thursday, tracking the weakness of soybean oil on the Chicago Board of Trade (CBOT), said a dealer.

27/12/2023 (Voice of Nigeria) - The historical trajectory of Nigeria’s palm oil industry is noteworthy, having once been the world’s leading producer in the early 1960s with 43% global market share. However, a shift occurred around 1966, when Malaysia and Indonesia surpassed Nigeria, relegating it to the 5th position with less than 2% of the total global market production of 74.08 million MT.

27/12/2023 (The Straits Times), Jakarta - High food prices in recent years have prompted farmers worldwide to plant more cereals and oilseeds, but consumers are set to face tighter supplies well into 2024, amid adverse El Nino weather, export restrictions and higher biofuel mandates.

27/12/2023 (The Borneo Post), Kuching - As Malaysia’s palm oil industry looks to press its global advantage, Pertubuhan Transformasi Dayak (Trada) called on the youth of Sarawak to help play a key part in extending Malaysia’s lead in sustainable palm oil.