Archived News

26/02/2025 (Business Standard) - A recovery in palm oil production and lower imports by price-sensitive consumers are expected to drive prices lower, chipping away the premium of the tropical oil over rivals, even as top producer Indonesia boosts biodiesel production.

26/02/2025 (Reuters), Kuala Lumpur - Palm oil's price premium over soyoil is expected to decrease within the next one to three months, as higher prices have been moderating demand in key consuming markets such as India, leading industry analyst Thomas Mielke said on Wednesday.

26/02/2025 (Reuters), Kuala Lumpur - One of the world's biggest palm oil producers, FGV Holdings, expects output to rise between 1% and 3% in 2025 on the year, boosted by improvements in yields and oil extraction rate, its chief executive told Reuters on Wednesday.

26/02/2025 (New Straits Times), Kuala Lumpur - Hap Seng Plantations Holdings Bhd's net profit surged fourfold in the fourth quarter, driven by higher average selling prices (ASPs) and sales volume of crude palm oil (CPO).

26/02/2025 (Indonesia Business Post) - Indonesia has secured a victory in an international trade dispute at the World Trade Organization (WTO) after the WTO Dispute Settlement Body (DSB) adopted the final report on case DS593 concerning the European Union’s (EU) policies on palm oil and palm oil-based biofuels.

26/02/2025 (New Straits Times), Kuala Lumpur - The first Artificial Intelligence (AI)-powered palm oil mill in Malaysia has demonstrated significant cost savings and reduced reliance on foreign labour, saving an average of RM16 million a year and a 33 per cent reduction in foreign workers.

25/02/2025 (Free Malaysia Today), Kuala Lumpur - Palm oil supplies are likely to remain tight for the next two to three months as floods have affected production in the world’s top two producers, Indonesia and Malaysia, a leading palm oil producer told Reuters today.

26/02/2025 (The Star), Kuala Lumpur - The oil palm industry will need to urgently address the issue of falling palm oil yields, according to palm oil players.

25/02/2025 (The Edge Malaysia), Kuala Lumpur - IOI Corp Bhd (KL:IOICORP) on Tuesday posted a 67% year-on-year drop in its net profit for the second quarter as a surge in palm oil prices was overshadowed by paper losses.

25/02/2025 (New Straits Times), Jakarta - Malaysian palm oil futures gained on Tuesday, underpinned by strength in rival oils on the Dalian and Chicago markets, while market participants await further leads from an industry conference in Kuala Lumpur.

24/02/2025 (Malay Mail), Kuala Lumpur - Palm oil’s share of India’s annual edible oil imports is set to drop below soft oils for the first time as its rising premium over soy oil and sunflower oil pushes refiners toward more affordable alternatives, the head of an industry body said.

24/02/2025 (Bernama), Kuala Lumpur - Malaysia and China will further strengthen collaboration in palm oil supply chains, technological innovation, and market expansion this year, said Deputy Plantation and Commodities Minister Datuk Chan Foong Hin.