Archived News

13/12/2023 (New Straits Times), Kuala Lumpur - Palm oil producing countries should remain calm and optimistic next year and not get nervous about facing the European Union Deforestation Regulation (EUDR) that will be enforced in 2025, according to the Council of Palm Oil Producing Countries (CPOPC).

13/12/2023 (The Star Online), Kuala Lumpur - The Council of Palm Oil Producing Countries (CPOPC) views 2024 to be a critical year for the palm oil industry, underpinned by the upcoming enforcement of the new European Union Deforestation-Free Regulation (EUDR) as well as other new legislations.

13/12/2023 (Malay Mail), Kuala Lumpur - The average local crude palm oil (CPO) delivery price is forecast to close 0.4 per cent month-on-month lower to RM3,684 per tonne in December from RM3,700.5 per tonne in November due to the abundance of year-end stocks, said MIDF Research.

12/12/2023 (The Star Online), Kuala Lumpur - Kinergy Advancement Bhd (KAB) has teamed up with Agromate Holdings Sdn Bhd, to spearhead bioenergy or renewable energy (RE) generation across palm oil mills (POM) in the country.

12/12/2023 (The Star Online), Kuala Lumpur - Malaysia’s total palm oil stocks fell by 1.09 per cent to 2.42 million tonnes in November from 2.45 million tonnes in October, according to the Malaysian Palm Oil Board (MPOB).

12/12/2023 (Nasdaq), Mumbai - Malaysian palm oil futures ended a volatile session flat on Tuesday, as a drop in inventories offset a slowdown in December exports.

12/12/2023 (The Edge Malaysia), Kuala Lumpur - Hong Leong Investment Bank (HLIB) remains cautious about TSH Resources Bhd, amid concerns over flattish fresh fruit bunch (FFB) output growth, while crude palm oil production cost will be maintained at current levels.

12/12/2023 (NDTV Profit Online) – The six-month-long wedding season in India is expected to boost Adani Wilmar Ltd.'s sales, as edible oil prices are "comfortable". This demand gives a lot of buoyancy to consumption, which will continue till mid-April, Angshu Mallick, managing director and chief executive of Adani Wilmar, told NDTV Profit at the sidelines of an industry event in Mumbai.

11/12/2023 (Mintec Global) - Insights gathered from market players suggest that the release of the latest Malaysian Palm Oil Board (MPOB) report on 12 November may hold surprises. While alignment exists among market players on certain metrics, debate surrounds others.

11/12/2023 (Nasdaq), New Delhi - Malaysian palm oil futures ended slightly higher on Monday, extending gains from the previous session, as the market tracked strength in Chicago soyoil prices.

11/12/2023 (Market Screener) - Dekel Agri-Vision PLC on Monday announced that palm oil production soared to record heights in November at its Ayenouan project in Ivory Coast.

11/12/2023 (The Hindu Business Line) - India’s edible oil imports went up by 3.09 per cent in May when compared to April due to higher imports of soyabean and sunflower oil.