Latest News

MARKET DEVELOPMENT
07-07-2023

Palm oil climbs more than 1% on lower output forecast

Malaysian palm oil futures climbed on Thursday, with market sentiment strengthening on forecasts of lower June production and expectations of exports picking up.

LOCAL
07-07-2023

MPOB unveils new technologies to produce better palms, use palm oil as substitute for milk fat

BANGI: The Malaysian Palm Oil Board (MPOB) has launched two new technologies from the biotechnology and food clusters for commercialisation at the Transfer of Technology (TOT) MPOB 2023 here today.

LOCAL
07-07-2023

No El-Nino effect on palm oil yields in second half: MPOB chairman

KUALA LUMPUR: There will unlikely be a major impact on palm oil yields due to El-Nino in the second half of this year, said the Malaysian Palm Oil Board (MPOB) chairman Datuk Mohamad Helmy Othman Basha.

MARKET DEVELOPMENT
07-07-2023

VEGOILS-Palm oil ticks up on lower production forecast

KUALA LUMPUR, July 6 (Reuters) - Malaysian palm oil futures edged up on Thursday after a two-day slump, with market sentiment strengthening as it took cues from soyoil, forecasts of low June production and expectations of export picking up.

LOCAL
07-07-2023

DPM Fadillah: Govt to continue efforts to ensure oil palm sector’s sustainability

KUALA LUMPUR, July 6 — The government is committed to driving the oil palm industry’s sustainability and capping the size of oil palm cultivation areas in the country, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

WORLD
07-07-2023

Indonesia offers to help Kenya boost palm oil production

Indonesia has offered to assist Kenya to improve the production of palm and sunflower oil, the Ministry of Investments, Trade and Industry has announced.

WORLD
07-07-2023

Use of superior seeds can improve oil palm productivity: BRIN

Jakarta (ANTARA) - The use of superior seeds can help improve the productivity of oil palms in Indonesia, which is not yet optimal, according to the National Research and Innovation Agency (BRIN).

MARKET DEVELOPMENT
06-07-2023

End-June palm oil stocks forecast at four-month high

PETALING JAYA: Malaysia’s palm oil inventories likely stood at 1.86 million tonnes by the end of June, rising by about 10.5% higher from a month earlier to stand at a four-month high amid sluggish exports, a Reuters survey shows.

WORLD
06-07-2023

Kenya hosts Malaysian Palm Oil Forum 2023

Kenya has hosted this year’s Malaysian Palm Oil Forum, which aims to establish strong relationships that enhance business opportunities between Malaysian palm oil suppliers and their buyers.

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