Archived News
13-10-2023
Malaysian palm oil sheds gains
12/10/2023 (Business Recorder), Mumbai - Malaysian palm oil futures erased early gains on Wednesday to close near their lowest level in 3-1/2 months as higher stocks and cheaper supplies of sunflower oil outweighed hopes for improved exports at lower price levels.
13-10-2023
Shaping a healthier and more sustainable palm oil industry
12/10/2023 (The Sun Daily) – The conversation about palm oil often focuses around environmental considerations. This focus, however, largely overshadows its role in medical applications. Although the topic may not be at the forefront of people’s thoughts, there are several good reasons to pay attention to palm oil’s medical benefits.
12-10-2023
High palm oil stocks to pile pressure on prices
12/10/2023 (The Star Online), Petaling Jaya - A continued peak production season may result in the local palm oil stocks staying high, thus putting pressure on the crude palm oil (CPO) price performance, say analysts.
12-10-2023
Cheap sunflower oil from Russia, Ukraine rattles palm oil market
11/10/2023 (The Edge Malaysia), Mumbai - A flood of cheap sunflower oil from Russia and Ukraine is putting downward pressure on palm oil prices, as the two top producers take advantage of currency depreciation to grab a larger share of the edible oils market.
12-10-2023
CPO price to close higher at RM3,891 per tonne in October
11/10/2023 (Free Malaysia Today), Petaling Jaya - MIDF Research forecasts the average local crude palm oil (CPO) delivery price will close 4.4% month-on-month (m-o-m) higher at RM3,891 per tonne in October, due to moderate El-Nino events.
12-10-2023
Malaysia's palm oil stocks seen remaining above two million tonnes till end of the year
11/10/2023 (The Edge Malaysia), Kuala Lumpur - Malaysian palm oil stocks are expected to remain above the two-million-tonne mark until the end of this year, even when demand is expected to pick up towards the end of the year, as the sector undergoes a peak output season.
12-10-2023
Indonesia to launch crude palm oil futures exchange on October 13
11/10/2023 (Times of India), Jakarta - Indonesia, the world's biggest palm oil exporter, will launch its crude palm oil (CPO) futures exchange mandatory, its chief regulator told Reuters on Wednesday.
11-10-2023
Indonesia's Garuda conducts test flight with palm oil-blended jet fuel
10/10/2023 (Channel News Asia), Jakarta - Flag carrier Garuda Indonesia said on Tuesday it has completed a test flight using a palm oil-blended jet fuel on a Boeing 737-800NG aircraft.
11-10-2023
VEGOILS-Palm oil hits 3-1/2 months low on stock build-up in Malaysia
10/10/2023 (Nasdaq), Mumbai - Palm oil futures fell in early trade on Tuesday to their lowest level in 3-1/2 months on fears of an inventory build-up in Malaysia, where industry officials forecast production grew more than the exports during September.
11-10-2023
Government's liberal import policy cause of worry for farmers: Congress
10/10/2023 (The Hindu) - The Congress on Tuesday said the liberal import policy of the Modi government is causing a "huge crisis" for the farmers in the country.
11-10-2023
Palm oil stocks hit 11-month high
11/10/2023 (The Star Online), Kuala Lumpur - Palm oil stockpiles hit an 11-month high at the end of September, according to data from the Malaysian Palm Oil Board (MPOB), raising concerns about demand for the commodity.
11-10-2023
Malaysia's palm oil stocks rise 9.6% to 2.31m tonnes in September
10/10/2023 (The Star Online), Kuala Lumpur - Malaysia’s total palm oil stocks rose by 9.60 per cent to 2.31 million tonnes in September from 2.11 million tonnes in August, according to the Malaysian Palm Oil Board (MPOB).