Archived News
10-10-2023
CPO futures settles higher on positive sentiment
09/10/2023 (Malay Mail), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives settled higher today on positive sentiment, riding on the rising crude oil and soybean oil prices, palm oil trader David Ng said.
10-10-2023
VEGOILS-Palm edges up as crude oil rally fuels biodiesel demand hopes
09/10/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures edged higher on Monday on hopes that biodiesel demand would increase following a rally in crude oil prices, but rising stocks capped the upside.
10-10-2023
Cooking oil still going to Thailand
09/10/2023 (New Straits Times), Kota Baru - Malaysia's subsidised cooking oil, both bottled and in 1kg polybags, continue to be smuggled out of the country due to high demand from Thailand.
10-10-2023
Cooking oil, ghee prices unchanged in Pakistan despite global drop
10/10/2023 (Ary News), Karachi - The prices of cooking oil and ghee remained unchanged in Pakistan despite a drop in the global market, ARY News reported on Monday.
10-10-2023
Gov’t resorts to certification of palm oil producers to conserve environment
09/10/2023 (The Independent), Kampala, Uganda - The Ministry of Agriculture, Animal Industry, and Fisheries (MAAIF) has initiated a certification process for palm oil smallholder farmers.
09-10-2023
Palm oil futures log 4.4% weekly loss on sluggish overseas demand
Malaysian palm oil futures closed lower on Friday, extending losses for a third straight session and posting a 4.4% weekly fall, as demand from top buyers India and China dropped.
09-10-2023
Crisis looms as palm oil trees age
KALIMANTAN, Indonesia (BLOOMBERG) – Local farmers, regional governments and consumers across swaths in Southeast Asia are facing a crisis over maturing palm oil trees, some as tall as a 12-storey building, turning them into a multi-billion dollar headache.
09-10-2023
Stocks, exports data to set direction for CPO futures next week
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is set to trade in cautious mode next week as investors await further clarity from the latest stocks and exports data.
09-10-2023
Palm oil futures dip
NEW DELHI: Malaysian palm oil futures closed lower on Friday, extending losses for a third straight session and posting a 4.4% weekly fall, as demand from top buyers India and China dropped.
09-10-2023
Malaysian diplomat discusses trade opportunities in Okara
OKARA: Malaysian High Commissioner Muhammad Azhar Bin Mazlan with a three-member delegation met with the delegation of the Okara Chamber of Commerce & Industries (OCCI) on Saturday. He laid the foundation stone for a 100-bed hospital. This project will be funded by philanthropists of the Okara Patient Welfare Association (OPWA).
09-10-2023
US Cash Grains-Soybean basis bids steady to firmer before weekend
Spot basis bids for soybeans were steady to higher in the U.S. Midwest on Friday as farmers focused on accelerating the progress of their autumn harvests, dealers said.
06-10-2023
Malaysian palm oil's key role in global food security
05/10/2023 (New Straits Times) - PALM oil, known for its versatility, serves as a widely consumed vegetable oil worldwide, is an important ingredient in the food industry. It is mainly used as a cooking oil and also in various food applications, including margarines, spreads, confectionary fats, ice cream, pizza, doughnuts, chocolate, and emulsifiers.