Latest News

MARKET DEVELOPMENT
19-06-2023

Govt will ensure smallholders are not left out of palm oil supply chain, says DPM Fadillah

17/06/2023 (Malay Mail) - The government is committed to ensuring that smallholders are not left out of the palm oil supply chain following the introduction of new palm oil regulations by foreign countries.

MARKET DEVELOPMENT
19-06-2023

CPO futures set to trade lower on profit-taking next week

17/06/2023(The Star Online), Kuala Lumpur - The local crude palm oil (CPO) futures market is expected to trend lower next week on profit-taking activities.

MARKET DEVELOPMENT
19-06-2023

All parties must play their role in ensuring palm oil countries to be accepted by the market: Fadillah

18/06/2023 (The Sun Daily), Kuala Lumpur – All parties need to play a role in ensuring that Malaysia’s palm oil industry which is the source of income for over a million people in this country, continue to be accepted by the market, Deputy Prime Minister Datuk Seri Fadillah Yusof said.

MARKET DEVELOPMENT
19-06-2023

Apex Securities sees CPO prices at RM3,300-RM3,600 per MT amid higher production in 2H2023

16/06/2023 (The Edge Malaysia), Kuala Lumpur - Apex Securities Bhd expects crude palm oil (CPO) prices to average between RM3,300 and RM3,600 per metric ton (MT) for the remainder of 2023, weaker than its 2022 average, amid higher CPO production in the second half of the year (2H2023).

MARKET DEVELOPMENT
19-06-2023

Indonesia’s Palm Oil Export Down 19.2 Pct in April

16/06/2023 (Jakarta Globe), Jakarta - Indonesia witnessed a 19.2 percent decline in its palm oil exports in April compared to what the country exported the previous month, according to industry association Gapki.

OILS & FATS
16-06-2023

Hot, dry weather cuts palm oil yields in Malaysia's top producing state

15/06/2023 (The Edge Malaysia), Kuala Lumpur - Palm oil estates in Sabah, Malaysia’s largest producing state of the commodity, are experiencing water stress from early signs of El Niño, cutting yields and exacerbating the impact of under-fertilising and labour shortages seen over the past three years.

OILS & FATS
16-06-2023

First smallholders cooperative to get Roundtable on Sustainable Palm Oil cert

15/06/2023 (Daily Express), Tawau - Koperasi Landskap Kelapa Sawit Sabah Bhd (LKSS) were awarded the Roundtable on Sustainable Palm Oil (RSPO) certificate.

MARKET DEVELOPMENT
16-06-2023

Palm oil imports fall 15% to 4.39 lakh tonnes in May

16/06/2023 (The Economic Times) - India's palm oil imports declined 14.59% to 4,39,173 tonne during May this year, but there was a sharp rise in shipments of crude sunflower oil, industry body SEA said on Thursday. India, the world's leading vegetable oil buyer, imported 5,14,022 tonne palm oils in May 2022.

MARKET DEVELOPMENT
16-06-2023

VEGOILS-Palm oil tracks soyoil higher for third day, weak demand weigh

15/06/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures on Thursday tracked rival soyoil prices higher for a third consecutive session, although bigger stockpiles and weak demand capped the gains.

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