Latest News

MARKET DEVELOPMENT
18-10-2023

Govt slashes ghee, cooking oil price

17/10/2023 (Samaa.tv) - The federal government has taken steps to reduce the prices of popular ghee and cooking oil brands by up to Rs38 per kilogram at Utility Stores across the country.

OILS & FATS
17-10-2023

Cargill to cease conventional palm oil suppy in the US

16/10/2023 (Supermarket Perimeter) - Cargill will now solely supply certified Roundtable for Sustainable Palm Oil (RSPO.) The company will no longer supply conventional palm oil in its United States portfolio.

MARKET DEVELOPMENT
17-10-2023

Nigeria’s palm oil imports from Malaysia rises 65.3% despite weaker naira

16/10/2023 (Business Day Nigeria) - Nigeria’s Palm Oil imports from Malaysia – a top global producer have surged by 65.3 percent in the first nine months of 2023 despite naira devaluation and local players ramping up production, data from the Malaysian Palm Oil Council shows.

MARKET DEVELOPMENT
17-10-2023

Indonesian futures-based CPO price plans 1Q 2024 debut

16/10/2023 (Argus Media) - Indonesia's crude palm oil (CPO) reference price based on futures is expected to be ready by next year's first quarter, according to commodity futures trading regulator Bappebti.

MARKET DEVELOPMENT
17-10-2023

MPOPC’s BizMatch programme to boost collabrations between African, Malaysian Exporters

16/10/2023 (The Sun Daily), Kuala Lumpur - The Malaysian Palm Oil Council (MPOC) Business Matching (BizMatch) programme will be instrumental in cultivating partnerships and collaborations between African delegates and Malaysian palm oil exporters.

MARKET DEVELOPMENT
17-10-2023

VEGOILS-Palm oil range-bound; weak ringgit and rising exports extend support

16/10/2023 (Nasdaq) - Malaysian palm oil futures eased on Monday in range trading but hovered near a two-week high hit in the previous session as a weaker ringgit and higher exports underpinned the contract.

LOCAL
16-10-2023

Palm oil association says 2024 Budget left out two critical requests

Kuala Lumpur - The Malaysian Palm Oil Association (MPOA) is disappointed that the 2024 Budget has ommitted two critical requests which would have acted as key enablers for the industry's growth.

LOCAL
16-10-2023

MPOA disappointed as Budget wish list unfulfilled

Kuala Lumpur - The Malaysian Palm Oil Association (MPOA) has expressed disappointment that its "carefully outlined" wish list for Budget 2024 did not make it into the government’s budgetary priorities.

WORLD
16-10-2023

Indonesia has officially established a crude palm oil (CPO) exchange

Jakarta - Indonesia: Indonesia has launched a crude palm oil exchange that aims to make Indonesia the global determinant of palm oil prices, said Trade Minister Zulkifli Hasan, reported the Antara news agency.

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