PALM NEWS MALAYSIAN PALM OIL BOARD Monday, 25 Nov 2024

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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.

MARKET DEVELOPMENT  
  05-12-2023

India's November palm oil imports up 22% on lower prices, say dealers

04/12/2023 (The Edge Malaysia), Mumbai - India’s palm oil imports in November jumped more than a fifth from the previous month, as refiners favoured the tropical oil, due to steep discounts compared to rival soyoil and sunflower oil, five dealers told Reuters on Monday.

MARKET DEVELOPMENT  
  05-12-2023

VEGOILS-Palm oil declines on weaker rivals, weak demand

04/12/2023 (Nasdaq), Jakarta - Malaysian palm oil futures fell for a second straight session on Monday to its lowest in nearly four weeks, weighed down by weakness in rival vegetable oils and weak demand, as market participants awaited new leads.

MARKET DEVELOPMENT  
  05-12-2023

Edible oil fortification remains a pipe dream because of lax enforcement

04/12/2023 (The Business Standard) - Micronutrient deficiencies are common among the Bangladeshi population. Our government has a commitment to improve our micronutrient status and protect public health according to Article 18 subsection (1) of the Constitution of the People's Republic of Bangladesh.

MARKET DEVELOPMENT  
  05-12-2023

PREVIEW-Malaysia’s end-November palm oil stocks seen falling on output decline, higher exports

04/12/2023 (Nasdaq), Jakarta - Malaysian palm oil inventories at the end of November were seen falling for the first month since April, as a seasonal output decline was expected to start while exports continued to rise, a Reuters survey showed on Monday.

OILS & FATS  
  04-12-2023

Indonesia raises palm-based biodiesel allocation for 2024 to 13.41 mil kl: ministry

01/12/2023 (Fastmarket, Agri Census) - Indonesia will raise its allocation of palm-based biodiesel for 2024 to 13,406,498 kiloliters (kl), 1.96% higher than this year, the country’s Energy and Ministry Resources ministry said in a circular signed November 29.

MARKET DEVELOPMENT  
  04-12-2023

VEGOILS-Palm oil books second weekly loss as weak demand weighs

01/12/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures posted a second weekly loss on Friday, underpinned by poor demand and weakness in Dalian vegetable oils.

OILS & FATS  
  04-12-2023

Everything You Need to Know About Cooking Oils

01/12/2023 (Prevention) - Cooking oils are a staple of any kitchen pantry. Whether you are baking up a batch of homemade cookies or cooking up some roasted vegetables, there is pretty much a cooking oil to satisfy all of your culinary needs, but do you know which cooking oil is best for you and all of your recipes?