Latest News

MARKET DEVELOPMENT
21-06-2023

VEGOILS-Palm extends five-day rally on lower output worries, weaker ringgit

20/06/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures inched up on Tuesday for a sixth straight session as the ringgit weakened and traders fretted about lower output estimates.

MARKET DEVELOPMENT
21-06-2023

VEGOILS-Palm rises for sixth day on lower output worries, weaker ringgit

20/06/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures rose for a sixth straight session on Tuesday, hovering near a six-week high touched in the previous session, as the ringgit weakened and traders fretted about lower output estimates.

OILS & FATS
21-06-2023

EU seeks to conclude trade negotiation with Indonesia before 2024 elections

20/06/2023 (The Jakarta Post) - Seeking to avoid the fiasco of finalizing negotiations during next year’s elections in Indonesia, the European Union wants to conclude trade negotiations by the end of this year, while its more controversial deforestation policy, which could hammer Indonesia’s palm oil industry, continues to cast a heavy pall in Jakarta.

MARKET DEVELOPMENT
21-06-2023

India’s May edible veg oil imports up 3% month on month

20/06/2023 (Fast Markets) - India’s edible vegetable oil imports in May rose 3% from April to 1.053 million tonnes, with palm oil continuing to cede its import share to rivals sunflower and soybean oil, data from the Solvent Extractors Association of India (SEA) showed on Thursday.

OILS & FATS
20-06-2023

‘No palm oil’ labels are illegal, says council

19/06/2023 (Free Malaysia Today), Kuala Lumpur - The Malaysian Palm Oil Council (MPOC) has “strongly” urged retailers to remove all products and advertising materials displayed and sold that bear discriminatory logos against palm oil from their premises.

MARKET DEVELOPMENT
20-06-2023

VEGOILS-Palm oil falls after rally, but weather concerns lend support

19/06/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures eased on Monday after surging 6% in the previous session, although concerns over dry weather taking a toll on global production of palm and soybeans kept the contract near six-week highs.

OILS & FATS
20-06-2023

Palm oil industry players urged to act together to improve workers’ welfare

19/06/2023 (The Borneo Post), Kuching - Concerted efforts in improving employee welfare are needed from all palm oil industry players to ensure the sustainability of the industry, said Deputy Prime Minister Dato Sri Fadillah Yusof.

MARKET DEVELOPMENT
20-06-2023

CPO Futures set to trade lower on profit-taking this week

19/06/2023 (New Straits Times), Kuala Lumpur - The local crude palm oil (CPO) futures market is expected to trend lower this week on profit-taking activities.

MARKET DEVELOPMENT
20-06-2023

VEGOILS-Palm oil rise as weather concerns lend support

19/06/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures ticked up on Monday as concerns over dry weather taking a toll on global production of palm and soybeans kept the contract near six-week highs.

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