Archived News

09/12/2023 (The Edge Malaysia), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade on an upside bias next week in anticipation of weaker output.

07/12/2023 (Malay Mail) - The industrial solidarity planned with Indonesia to shore up the credibility of palm oil worldwide will continue to be a bridge to re-strengthen palm oil exports affected by the European Union (EU) sanctions.

07/12/2023 (Nasdaq), Jakarta - Malaysian palm oil futures extended declines to a fifth straight session on Thursday, the longest losing streak since mid-September, tracking weakness in rival edible oils and crude oil, but a weaker ringgit limited losses.

07/12/2023 (Business Times) - INDONESIA’S palm oil fund agency predicts it will collect 29 trillion rupiah (S$2.5 billion) in revenues from export levies in 2024, slightly below this year, its chief executive said on Thursday (Dec 7).

07/12/2023 (The Edge Malaysia), Kuala Lumpur - Felcra Bhd and the Rubber Industry Smallholders Development Authority (Risda) are not directly affected by the European Union Deforestation Regulation (EUDR), said Deputy Prime Minister and Rural and Regional Development Minister Datuk Seri Dr Ahmad Zahid Hamidi.

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.

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.

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.

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.

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.

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.

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.