Archived News

14/11/2023 (Politico EU) - Indonesia's leading candidate for president has said the country doesn't "really need Europe anymore," criticizing the bloc's ban on some Indonesian imports and suggesting his country should align itself more closely with other nations in Asia.

14/11/2023 (Xinhua), Kuala Lumpur - Analysts have foreseen El Nino weather pattern to support crude palm oil (CPO) prices.

13/11/2023 (The Star Online), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to see profit-taking this week, with the price seen moving between RM3,400 and RM3,650 per tonne.

13/11/2023 (The Edge Malaysia), Shanghai - Malaysia, via the Malaysian Palm Oil Board (MPOB), will continue its research and development (R&D) to increase palm oil-based value-added products for companies in China to export to Muslim regions within the country, Deputy Prime Minister Datuk Seri Fadillah Yusof said.

13/11/2023 (Reuters), Mumbai - India's imports of palm oil and sunflower oil in 2022/23 surged by 24% and 54%, respectively, to record highs on a rebound in consumption and as both oils were available at a steep discount compared to rival soyoil, a leading trade body said on Monday.

10/11/2023 (The Star Online), Kuala Lumpur - Malaysia's palm oil stocks at the end of October rose 5.84% from the previous month to 2.45 million metric tons, data from industry regulator the Malaysian Palm Oil Board (MPOB) showed on Friday.

12/11/2023(The Malaysia Reserve), Labuan - The economic partnership between Indonesia and Malaysia is consistently advancing, marking a significant strengthening of bilateral ties, said Indonesian Ambassador to Malaysia Datuk Hermono.

10/11/2023 (The Star Online), Kuala Lumpur - Palm oil industry experts remain optimistic for a recovery in crude palm oil (CPO) prices, which are expected to surpass the RM4,000 per tonne mark in 2024.

09/11/2023 (News Straits Times), Kuala Lumpur - Palm oil experts expects crude palm oil (CPO) prices to rise next year on the back of flattish global supply due to weather developments such as El-Nino and climate change.

09/11/2023 (Daily Express), Semporna - The Marine Police Force (MPF) foiled an attempt to smuggle out 4,216kg of cooking oil via the waters off here on Tuesday.

09/11/2023 (The Hindu Business Line) - Indian vegetable oil imports would be around 16.20 million tonnes (mt) for the oil year 2023-24 (November to October), according to Sudhakar Desai, President of Indian Vegetable Oil Producers Association (IVPA).

09/11/2023 (The Star Online), Kuala Lumpur - The federal government is seeking to foster greater cooperation between major players in the palm oil industry and smallholders with the aim of boosting overall productivity.