Archived News
17-10-2023
Indonesian futures-based CPO price plans 1Q 2024 debut
16/10/2023 (Argus Media) - Indonesia's crude palm oil (CPO) reference price based on futures is expected to be ready by next year's first quarter, according to commodity futures trading regulator Bappebti.
17-10-2023
MPOPC’s BizMatch programme to boost collabrations between African, Malaysian Exporters
16/10/2023 (The Sun Daily), Kuala Lumpur - The Malaysian Palm Oil Council (MPOC) Business Matching (BizMatch) programme will be instrumental in cultivating partnerships and collaborations between African delegates and Malaysian palm oil exporters.
17-10-2023
VEGOILS-Palm oil range-bound; weak ringgit and rising exports extend support
16/10/2023 (Nasdaq) - Malaysian palm oil futures eased on Monday in range trading but hovered near a two-week high hit in the previous session as a weaker ringgit and higher exports underpinned the contract.
16-10-2023
Palm oil association says 2024 Budget left out two critical requests
Kuala Lumpur - The Malaysian Palm Oil Association (MPOA) is disappointed that the 2024 Budget has ommitted two critical requests which would have acted as key enablers for the industry's growth.
16-10-2023
MPOA disappointed as Budget wish list unfulfilled
Kuala Lumpur - The Malaysian Palm Oil Association (MPOA) has expressed disappointment that its "carefully outlined" wish list for Budget 2024 did not make it into the government’s budgetary priorities.
16-10-2023
Indonesia has officially established a crude palm oil (CPO) exchange
Jakarta - Indonesia: Indonesia has launched a crude palm oil exchange that aims to make Indonesia the global determinant of palm oil prices, said Trade Minister Zulkifli Hasan, reported the Antara news agency.
16-10-2023
2024 Budget: Government allocates RM100 million incentives for Palm Oil replanting programme
Kuala Lumpur - The government will provide incentives for the Palm Oil Replanting Programme with an allocation of RM100 million to mitigate potential productivity issues in the production of fresh fruit bunches.
16-10-2023
Malaysia expects average palm oil price of 4,000-4,500 ringgit/ton in 2024
Malaysia expects the price of crude palm oil (CPO) to average between 4,000 ringgit ($848.36) to 4,500 ringgit per metric ton in 2024, the government said on Friday.
16-10-2023
India's Sept palm oil imports drop 26% m-o-m on higher stocks
Mumbai - India's palm oil imports in September fell 26% from the previous month to 834,797 metric tonnes, the lowest in three months, as higher inventories prompted refiners to curtail purchases, a trade body said on Friday.
13-10-2023
VEGOILS-Palm oil rises as Indonesia keeps exports flexible
12/10/2023 (Nasdaq), Mumbai - Malaysian palm oil futures rose in early trade on Thursday after top producer Indonesia clarified that it will not make exports mandatory via a new exchange.
13-10-2023
POSCO International, GS Caltex to build palm oil refinery in Indonesia
12/10/2023 (The Korea Economic Daily) - South Korea’s POSCO International Corp. and GS Caltex Corp. on Thursday signed a $210 million deal to build a bio feedstock refinery facility in Indonesia.
13-10-2023
Indonesia's Export Flexibility Boosts Malaysian Palm Oil Futures
12/10/2023 (Investing.com) - Malaysian palm oil futures surged 0.99% as Indonesia clarified it won't mandate exports through its new exchange. Anticipated aggressive sales subsided, supporting prices. However, global palm oil faces challenges from a flood of cheap sunflower oil, impacting prices and driving a notable rise in Malaysian exports.