Archived News

The General Administration of Customs in China said that the country has witnessed a drop of 23.7 percent in its palm oil imports in December of the earlier year 2019 compared to a year earlier.

KUALA LUMPUR (Feb 6): Malaysia has postponed its biggest palm oil conference that typically draws thousands of industry players from more than 50 countries, according to sources.

KUALA LUMPUR (Feb 6): FGV Holdings Bhd could be the winner if palm oil supply to Pakistan rises following the Pakistan government's expression of interest to import more palm oil from Malaysia, said Palm Oil Analytics owner and co-founder Dr Sathia Varqa.

PETALING JAYA: India today reacted strongly to the reference to Jammu and Kashmir in a Pakistan-Malaysia joint statement.

India seems to be positive about resuming the trade of refined palm oil from Nepal. Officials at the Ministry of Industry, Commerce and Supplies (MoICS) informed that the Indian authorities are willing to allow Indian traders to import refined palm oil from Nepal, which has been halted since January 10.

Indonesia is likely to use up 8.3 million tonnes of palm oil to meet domestic demand for biodiesel this year, rising concerns there won’t be enough palm oil left to export, according to the Indonesian Palm Oil Association, or Gapki.

KUALA LUMPUR: FGV Holdings Bhd boleh menjadi penerima manfaat jika bekalan minyak sawit ke Pakistan meningkat berikutan pernyataan minat daripada kerajaan Pakistan untuk mengimport lebih banyak minyak sawit dari Malaysia, kata Pemilik dan Pengasas Bersama Palm Oil Analytics, Dr Sathia Varqa.

KUALA LUMPUR (Feb 5): Malaysian palm oil inventories likely tumbled to its lowest since June 2017, as dry weather and lower fertiliser usage in the second largest palm producer early last year suppressed output to near four-year lows, a Reuters surveyed showed.

INDIA’S import duty on crude palm oil (CPO) will likely be maintained at 37.5% for Asean countries despite the official notice of raised levy issued by its government.

PETALING JAYA: Economists and analysts said Malaysia should not expect too much from Pakistani President Imran Khan’s pledge to buy more palm oil.

Malaysian palm oil futures rebounded from last week's sharp fall with a 5.1% jump on Wednesday, lifted by expectations of a steep drop in January production and strength in rival soyaoil. The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange settled up 138 ringgit at 2,804 ringgit ($681.16) per tonne, recording its third-straight session of gains.

PAKISTAN Prime Minister (PM) Imran Khan said the country is ready to buy more palm oil from Malaysia after India moved to restrict imports of refined palm oil from the country amid a diplomatic row over Kashmir.