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LOCAL
05-09-2023

Sabah needs to introduce attractive investment policies

KOTA KINABALU (Sept 4): The state government needs to be more proactive, especially to introduce policies which are more attractive and competitive to attract Foreign Direct Investment (FDI), if it aspires to develop its palm oil downstream industry.

MARKET DEVELOPMENT
05-09-2023

COLUMN-Funds buy CBOT corn and soybeans amid poor finish to US crop -Braun

NAPERVILLE, Illinois, Sept 4 (Reuters) - The second half of August was exceptionally dry in the U.S. Corn Belt, likely trimming yields for corn and especially soybeans due to their reliance on late-season moisture. Speculators responded by boosting their bullish Chicago soybean bets, which they have held for more than three years, and easing bearishness in corn futures.

LOCAL
05-09-2023

Malaysian palm oil down

JAKARTA: Malaysian palm oil futures ended lower on Monday, dragged down by weaker rival oils on the Dalian and Zhengzhou Commodity Exchanges.

OILS & FATS
04-09-2023

Indonesia, Malaysia push biofuel to offset palm oil price downturn

04/09/2023 (Asia Nikkei), Jakarta / Kuala Lumpur - Weak prices for palm oil, a worsening outlook and a backlash against the commodity over deforestation concerns are pushing Indonesia and Malaysia -- the world's biggest producers -- to boost domestic use through developing jet fuels and expanding biodiesel programs.

MARKET DEVELOPMENT
04-09-2023

Curtin Malaysia student’s video on innovation, sustainability for palm oil wins competition

04/09/2023 (The Borneo Post), Miri - Yiek Siew Teck, a third-year chemical engineering student of Curtin University Malaysia (Curtin Malaysia) was recently announced as winner of the POPSIG-KLK Palm Oil Video competition. Held by the IChemE Palm Oil Processing Special Interest Group (Popsig), the competition served as a platform for engineering talents to showcase their innovative ideas and perspectives on the palm oil industry.

MARKET DEVELOPMENT
04-09-2023

Govt to introduce subsidy programme for cooking oil next year [NSTTV]

03/09/2023 (New Straits Times), Gopeng - The Domestic Trade and Cost of Living Ministry will introduce a subsidy programme targeting packet cooking oil in stages next year.

OILS & FATS
04-09-2023

03/08/2023 (Free Malaysia Today), Petaling Jaya - Food vendors and petty traders, including those selling “pisang goreng” and “keropok” have been urged to register their businesses so that they will be included in the cooking oil subsidy scheme.

MARKET DEVELOPMENT
04-09-2023

The Versatility of Palm Oil in Cooking

02/09/2023 (Energy Portal EU) - Palm oil, known for its deep red hue and earthy flavor, is a versatile ingredient that is widely used in many African and Asian cuisines. While it has a somewhat strong odor, its taste is quite mild, making it ideal for enhancing the flavors of various dishes.

OILS & FATS
04-09-2023

Tanzania bolsters research on palm oil seeds to enhance production of edible oil

03/09/2023 (News Ghana) - The government of Tanzania has embarked on a program to strengthen agricultural research institutes to enable them to carry out research on the production of high-quality palm oil and sunflower seeds to enhance the production of edible oil locally, a senior official told parliament on Friday.

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