Latest News

MARKET DEVELOPMENT
03-02-2025

CPO Futures Continue Uptrend On Weaker Output Forecast, Higher Soybean Oil Prices

31/01/2025 (Bernama), Kuala Lumpur - Crude palm oil (CPO) futures on Busa Malaysia Derivates climbed for the fourth consecutives day of trading on Friday due to higher soyabean oil prices as well as weaker production outlook in the coming weeks, a dealer said.

MARKET DEVELOPMENT
03-02-2025

RI, Malaysia to strengthen cooperation in palm oil sector: Prabowo

28/01/2025 (Antara News), Jakarta - Indonesia and Malaysia, which together account for around 80 percent of the world's palm oil production, agreed to enhance their cooperation within the industry, President Prabowo Subianto stated.

MARKET DEVELOPMENT
03-02-2025

Deforestation in Indonesia rose for third straight year in 2024: NGO

31/01/2025 (The Straits Times), Jakarta - Deforestation in Indonesia rose again in 2024, said a local environmental non-governmental organisation (NGO) on Jan 31, based on satellite image analysis and fieldwork.

MARKET DEVELOPMENT
03-02-2025

Malaysian palm oil higher

02/02/2025 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures reversed early losses to end higher on Friday, and logged a second consecutive weekly gain, as stronger rival Chicago soyoil and a weaker currency offset market uncertainty over Indonesia’s export rates and US tariff threats.

MARKET DEVELOPMENT
03-02-2025

Iraq exports vegetable oils for the first time via Umm Qasr port

02/02/2025 (Iraqi News), Baghdad - Iraq has marked a significant milestone in its agricultural export sector by shipping vegetable oils abroad for the first time. According to a press release by the Iraqi Ports Company on Friday, the country successfully exported 40,000 tons of high-quality soybean oil from Umm Qasr South Port to promising markets in Pakistan and India. This development highlights Iraq’s growing presence in the global vegetable oil market.

OILS & FATS
31-01-2025

Indonesia and Malaysia Strengthen Cooperation in Palm Oil Sector

29/01/2025 (Tempo.Co), Jakarta - Indonesian Trade Minister Budi Santoso highlighted the strengthened bilateral agreement between Indonesia and Malaysia to enhance cooperation within the palm oil sector. Accompanying President Prabowo Subianto during a recent state visit to Malaysia, Minister Budi emphasized the growing global demand for palm oil.

OILS & FATS
31-01-2025

Increasing yield is top agenda for palm oil — Ahmad Ibrahim

29/01/2025 (Malay Mail) - The palm oil industry is celebrating their good fortune. The price of palm oil has stabilised at a profitable level for some years now. Currently, it is approaching RM5000 per ton. Their palm oil inventory is better managed. Thanks must go to the early leaders of the industry for their wisdom to venture into the biofuel business. The fruits of that milestone decision are now realised.

OILS & FATS
31-01-2025

EU set to revise palm oil-based biofuel rules following WTO ruling in favour of Indonesia

30/01/2025 (Oils & Fats International) - The European Union (EU) is set to revise its palm oil-based biofuel rules following a ruling by the World Trade Organization (WTO) that part of its Renewable Energy Directive (RED III) unfairly discriminated against Indonesia’s palm oil exports, the Jakarta Globe wrote.

OILS & FATS
31-01-2025

Hawkers reap rewards from used cooking oil

31/01/2025 (The Star)- EFFORTS to divert used cooking oil from drains, such as incentivising hawkers to sell it to recycling companies, have proven environmentally beneficial.

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