Latest News

MARKET DEVELOPMENT
23-02-2024

Sime Darby Plantation expects palm oil prices to stay elevated this year

22/02/2024 (The Edge Malaysia), Kuala Lumpur - Sime Darby Plantation Bhd, the world’s largest palm oil producer by acreage, said on Thursday palm oil prices may stay elevated at around current levels this year.

MARKET DEVELOPMENT
23-02-2024

Sime Darby Plantation’s 4Q net profit tumbles 64% on lower prices, flags high stockpile

22/02/2024 (The Edge Malaysia), Kuala Lumpur - Sime Darby Plantation Bhd, the world’s largest palm oil producer by acreage, said on Thursday that its net profit fell more than 64% in the fourth quarter from a year earlier, weighed by lower average realised prices.

MARKET DEVELOPMENT
23-02-2024

Palm ends lower on profit taking, lack of fresh buying

22/02/2024 (Hellenic Shipping News Worldwide), Malaysian palm oil futures closed down on Thursday, weighed down by profit taking, weakness in export performance and absence of fresh buying support.

OILSEEDS
23-02-2024

Indonesian snacks, palm oil industries feature at Gulfood Expo, Dubai

22/02/2024 (Antara), Jakarta - The National Food Agency (Bapanas) stated that Indonesian snacks and palm oil industries participated in the 2024 Gulfood Exhibition at the Dubai World Trade Center, the United Arab Emirates (UAE).

MARKET DEVELOPMENT
22-02-2024

162 Sustainable Palm Oil Clusters Received MSPO Certification as at Dec 31 Last Year – Chan

21/02/2024 (Bernama), Keningau – One hundred and sixty-two Sustainable Palm Oil Clusters (SPOC) involving 177,355 private palm oil smallholders (PKP) have received the Malaysian Sustainable Palm Oil (MSPO) certification under the Malaysian Palm Oil Board (MPOB) as at Dec 31 last year.

MARKET DEVELOPMENT
22-02-2024

VEGOILS-Palm oil tracks rival oils higher, reverses previous session's losses

21/02/2024 (Nasdaq), Jakarta - Malaysian palm oil futures rose on Wednesday, tracking strength in Dalian's palm olein contract and Chicago soyoil, although weak exports data limited gains.

MARKET DEVELOPMENT
22-02-2024

CPO futures end mixed amid output concern

21/02/2024 (The Edge Malaysia), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended mixed on Wednesday amid market concerns over output in the near term, a dealer said.

MARKET DEVELOPMENT
22-02-2024

Circular economy can be a boon to Felda

21/02/2024 (New Straits Times) - There are signs that the Federal Land Development Authority (Felda) is now treading a new growth path.

MARKET DEVELOPMENT
22-02-2024

Imports of palm, soyabean oil decrease by 49.95% & 34.14%

22/02/2024 (Daily Times, Pakistan) - Edible oil including soyabean and palm imports into the country during the first 07 months of the current financial year decreased by 49.85 per cent and 34.14 per cent respectively as compared to the imports of the corresponding period of last year.

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PALM NEWS MALAYSIAN PALM OIL BOARD Tuesday, 26 Nov 2024

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