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MARKET DEVELOPMENT  
  08-12-2023

Downstreaming of natural resources supports green economy: Ministry

07/12/2023 (Antara News), Jakarta - Director General of Budget of the Ministry of Finance Isa Rachmatarwata stated that downstreaming natural resources could support the realization of a green economy in Indonesia.

MARKET DEVELOPMENT  
  07-12-2023

Powering a sustainable future

07/11/2023 (The Star Online), Petaling Jaya - The palm oil industry, a key backbone of Malaysia’s national economic growth, can play a major role in powering a sustainable future for the country.

MARKET DEVELOPMENT  
  07-12-2023

VEGOILS-Palm oil falls to four-week low on weak rival oils

06/12/2023 (Nasdaq) - Malaysian palm oil futures fell for a fourth session on Wednesday to their lowest closing in more than four weeks, weighed down by weakness in rival vegetable oils despite expectations of declining inventories by end of November.

MARKET DEVELOPMENT  
  07-12-2023

Olive oil scandal fires EU food safety doubts

06/12/2023 (China Daily) - The safety of Europe's food was called into question this week when police in Italy and Spain seized contaminated cooking oil being sold as high-end products.

MARKET DEVELOPMENT  
  07-12-2023

Imported cooking oil safe for consumption – Kebs

06/12/2023 (Nation, Africa) – The Kenya Bureau of Standards (Kebs) has clarified that edible oil imported by the Kenya National Trading Corporation (KNTC) is safe for consumption.

MARKET DEVELOPMENT  
  06-12-2023

Palm oil reserves seen rising to four-year high

06/12/2023 (The Star Online), Petaling Jaya - Palm oil stockpiles in Malaysia likely expanded for a seventh straight month to the highest level since April 2019 as production in the world’s second-biggest grower outstripped its exports of the tropical oil.

MARKET DEVELOPMENT  
  06-12-2023

VEGOILS-Palm oil falls for third straight day on weak rival oils

05/12/2023 (Nasdaq), Jakarta - Malaysian palm oil futures extended declines to a third straight session on Tuesday, weighed down by weakness in rival vegetable oils in the Dalian and Chicago futures markets.

MARKET DEVELOPMENT  
  06-12-2023

2023 a year of headwinds for Malaysia's major commodities

05/12/2023 (The Star Online), Kuala Lumpur - Malaysia’s major commodities suffered a setback in 2023 despite a weaker ringgit as it was overshadowed by demand deficits due to global economic uncertainties arising from the ongoing geopolitical tensions.

MARKET DEVELOPMENT  
  06-12-2023

Bid to smuggle out cooking oil, petrol foiled

05/12/2023 (Daily Express), Semporna - Marine Police Force (MPF) on Sunday foiled an attempt to smuggle out cooking oil and petrol near the Kampung Kuala Bibang coastal areas.

MARKET DEVELOPMENT  
  06-12-2023

Kenya Kwanza’s Edible Oil Deal: The Making of a Scandal

05/12/2023 (Citizen Digital) - As the Kenya Kwanza administration took over the reins of administration in 2022, the elephant in the room was the high cost of living experienced by Kenyans in the run-up to the general election and that worsened afterwards.

MARKET DEVELOPMENT  
  05-12-2023

Consumers may need to furnish ID when buying subsidised cooking oil

04/12/2023 (New Straits Times), Kuala Lumpur - The Domestic Trade and Cost of Living Ministry is planning to upgrade its cooking oil stabilisation scheme (eCOSS) system next year to cover all levels of the supply chain.

MARKET DEVELOPMENT  
  05-12-2023

Sinar Mas Agribusiness and Food announces first RSPO certification for independent farmers

04/12/2023 (The Jakarta Post) - Sinar Mas Agribusiness and Food, a prominent global palm oil producer, announced that the first group of independent farmers under its Sawit Terampil program had successfully attained Roundtable on Sustainable Palm Oil (RSPO) certification.