Latest News

MARKET DEVELOPMENT
06-03-2024

Plantations minister: Ministry envisions feasible business model to help smallholders increase palm oil yield

05/02/2024 (Malay Mail), Kuala Lumpur - The Malaysian palm oil market is expected to remain positive in 2024, with strong demand from top export destinations such as India with 17.4 per cent of the share, China (9.1 per cent), and the European Union (7.4 per cent), said Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani.

MARKET DEVELOPMENT
06-03-2024

United Plantations sees palm oil prices ranging between RM3,850 and RM4,250 in 2024

05/03/2024 (The Edge Malaysia), Kuala Lumpur - United Plantations Bhd (UP), which recently posted record earnings and dividend for 2023, is expecting crude palm oil (CPO) prices to range between RM3,850 and RM4,250 per tonne this year amid supply constraints.

MARKET DEVELOPMENT
06-03-2024

Diminishing growth of palm oil

05/03/2024 (New Straits Times), Kuala Lumpur - The yearly growth rates of palm oil production are slowing down, dropping by 30 per cent on average from 2011 to 2020 compared to earlier years, according to United Plantations Bhd vice chairman and chief executive director Datuk Carl Bek-Nielsen.

MARKET DEVELOPMENT
06-03-2024

'Consolidation is the key'

05/03/2024 (New Straits Times), Kuala Lumpur - Malaysia's oil palm plantation can be managed more efficiently if the sector can consolidate at least 30 per cent of its independent smallholders, Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani said.

MARKET DEVELOPMENT
06-03-2024

India’s February palm oil imports plunge to 9-month low

05/03/2024 (Free Malaysia Today), Mumbai - India’s palm oil imports in February plunged to their lowest levels in nine months, as higher prices prompted buyers to reduce purchases of the tropical oil and increase buying of sunflower oil, five dealers told Reuters on Tuesday.

MARKET DEVELOPMENT
06-03-2024

Govt to invest RM60m to build palm biomass CPC in Sandakan

05/03/2024 (The Sun), Kuala Lumpur - The government will develop an oil palm biomass collection and processing centre (CPC) in Sandakan, Sabah with an investment of RM60 million through a collaboration with Nextgreen Global Bhd and Kumpulan Sawit Kinabalu, said Deputy Plantation and Commodities Minister Datuk Chan Foong Hin.

OILS & FATS
06-03-2024

Sime Darby Plantation sees higher 2024 output as labour situation eases

05/03/2024 (Free Malaysia Today), Petaling Jaya - Sime Darby Plantation Bhd, one of the world’s largest palm oil producers, expects 2024 production growth to rise at least 5% from last year, as the country’s labour situation improves, said a top executive today.

MARKET DEVELOPMENT
06-03-2024

WTO Panel Rules In EU's Favour In Malaysia Palm Oil Dispute

05/04/2023 (Barrons) - A WTO dispute panel on Tuesday found largely in the European Union's favour in a row with Malaysia over rules affecting the EU's consumption of palm oil-based biofuels.

MARKET DEVELOPMENT
06-03-2024

Malaysia sees Asia, Africa taking palm oil EU doesn’t want

05/03/2024 (Free Malaysia Today), Kuala Lumpur - Malaysia, the second-biggest palm oil producer, expects Asia and Africa to soak up any supply that becomes available from export disruptions to Europe after the bloc’s new deforestation laws come into effect.

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