Latest News

MARKET DEVELOPMENT
24-07-2023

VEGOILS-Palm oil reverses early gains; set for fourth weekly rise on supply concerns

21/07/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures reversed early gains on Friday due to profit-taking, but the contract is set for a fourth weekly rise on robust July exports so far and concerns over Black Sea supplies.

MARKET DEVELOPMENT
21-07-2023

VEGOILS-Palm gains over 2% on concerns over Black Sea edible oil supplies

Kuala Lumpur - Malaysian palm oil futures jumped more than 2% on Thursday, as Russia's withdrawal from the Black Sea grain deal heightened concerns over edible oil supplies from the region.

WORLD
21-07-2023

Revitalising coconut farming in Southeast Asia

When Amrizal Idroes was growing up in West Sumatra in the 1970s, he remembers how nearly no one had heard of palm oil. Back then, the Indonesian island of Sumatra was heavily forested, dotted with rubber plantations, and home to tens of thousands of small-scale coconut farmers.

LOCAL
21-07-2023

Up palm oil output via drones: Abidin

Ranau - Palm oil smallholders need to adopt drone technology to better manage their plantations.

OILS & FATS
21-07-2023

Palm oil futures hit four-month high as Black Sea tensions escalate

Palm oil futures on Malaysia's commodity exchange closed up 3.9% at a four-month high MR4,043/mt ($888/mt) on July 20, driven by the breakdown of the Black Sea grain corridor, strong demand from key destinations and rising premiums of soybean and sunflower oils.

MARKET DEVELOPMENT
21-07-2023

VEGOILS-Palm oil edges up, set for fourth weekly rise on supply concerns

KUALA LUMPUR, July 21 (Reuters) - Malaysian palm oil futures ticked up on Friday, setting it on course for a fourth weekly rise on robust July exports so far and concerns over Black Sea supplies.

OILS & FATS
21-07-2023

India’s sunflower oil imports to fall

India’s imports of sunflower oil are likely to fall in the coming months as it becomes uncompetitive against rival oils due to rising prices after Russia withdrew from the Black Sea grain deal, industry officials told Reuters.

MARKET DEVELOPMENT
20-07-2023

Pilot project to collect used cooking oil for fuel starts

19/07/2023 (The Star Online), Putrajaya - An initiative to collect used cooking oil as a main raw material to produce sustainable aviation fuel (SAF) has started, says Deputy Prime Minister Datuk Seri Fadillah Yusof.

MARKET DEVELOPMENT
20-07-2023

Malaysia's palm oil sector to benefit from UK's CPTPP entry – analysts

19/07/2023 (The Star Online), Kuala Lumpur - Malaysia’s palm oil industry will be one of the sectors to benefit from the United Kingdom’s entry into the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), an analyst said.

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