Archived News

26/09/2023 (Channel News Asia), Jakarta - Indonesia's government will pursue legal action against palm oil companies that use land illegally if they do not submit required paperwork related to land use by November, a senior minister Mahfud MD said on Tuesday.

27/09/2023 (Business Recorder), Singapore - Malaysian palm oil futures closed lower on Tuesday, amid weakness in rival edible and crude oil, although losses were limited by strong export data.

25/09/2023 (S&P Global) Indonesia's state-owned energy company PT Pertamina natural gas subsidy PT Perusahaan Gas Negara TBK(PGN) with three Japanese companies JGC Holdings Corp, Osaka Gas and Inpex Corp have begun a study to commercialize biomethane production from palm oil mill effluent (POME) in Indonesia, according to joint release on September 25.

27/09/2023 (Food Navigator) – The Implication of stricter regulations for palm oil, one of the food secto’s most essential commodities, will lead to major supply and cost implications in APAC and beyond, say the Roundtable on Sustainable Palm Oil (RSPO).

26/09/2023 (DW) - The European Union (EU) intends to phase out imports of palm-oil-based biofuel by 2030 — while deforestation legislation adopted in Brussels earlier this year will impose considerable administrative burdens on palm oil exporters wanting to sell their goods in the bloc.

25/09/2023 (Malay Mail), Kuala Lumpur - The decline in Malaysia’s trade to RM1.718 trillion for the period January-August 2023, from RM1.869 trillion for the same period in 2022, is due to the depreciation in the commodity sectors such as palm oil and petroleum.

25/09/2023 (Malay Mail), Kuala Lumpur -Malaysia will increase palm oil exports to China by 500,000 tonnes a year as it faces pressure from new European Union restrictions targeting deforestation, a senior minister told AFP today.

25/09/2023 (Business Day) - Oil Palm is native to West Africa. Nigeria used to be the world’s largest producer of oil palm before the oil boom era. Indonesia has now taken over as the top producer and oil palm and allied industries is now the main stay of its economy.

25/09/2023 (Nasdaq), Jakarta - Malaysian palm oil futures opened higher on Monday, tracking gains in rival Dalian oils and helped by a softer ringgit.

25/09/2023 (The Edge Markets), Kuala Lumpur - The country’s palm oil industry is encouraged to explore and expand into niche markets to capture higher market value and targeted coverage.

23/09/2023 (The Star Online), Kuala Lumpur - The crude palm oil (CPO) futures on Bursa Malaysia Derivatives are projected to trend lower next week as the weaker soybean oil market on the Chicago Board of Trade (CBOT) continues to dampen sentiment in the palm oil market, said a dealer.

25/09/2023 (Daily Mirror Online) - Sri Lanka should look at completely reversing the ban on oil palm cultivation, an effort that, if rolled out properly, will ensure the flourishing of grassroots economies, the Planters’ Association of Ceylon (PA) said.