Latest News

MARKET DEVELOPMENT
05-01-2024

Indonesia 2023 domestic palm oil sales obligation hit 3.26m tons

04/01/2024 (Nikkei Asia) - Indonesia recorded domestic sales obligation realization of 3.26 million metric tons in 2023, which translated into 25.2 million tons in export permits, Trade Ministry official Syailendra said on Thursday.

MARKET DEVELOPMENT
05-01-2024

VEGOILS-Palm oil rebounds on dip in output, stronger crude oil prices

04/01/2024 (Nasdaq), Singapore - Malaysian palm oil futures rose on Thursday, snapping four consecutive sessions of losses, underpinned by a decline in production and firmer crude oil prices.

MARKET DEVELOPMENT
04-01-2024

India's December palm oil imports hit four-month high as sunoil doubles — dealers

03/01/2024 (The Edge Malaysia), Mumbai - India's palm oil imports rose in December to their highest in four months, as purchases of refined palm olein surged because of competitive prices, five dealers told Reuters on Wednesday.

MARKET DEVELOPMENT
04-01-2024

CPO futures end lower for 2nd straight day in tandem with soybean oil price

03/01/2024 (The Edge Malaysia), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended another day lower as weaker soybean oil prices continued to weigh on market sentiment.

OILS & FATS
04-01-2024

New research could make turning waste cooking oil into biofuel easier and quicker

03/01/2024 (De Montfrort University) - Researchers at De Montfort University Leicester (DMU) have pioneered a new manufacturing process which could make the creation of biofuel from waste cooking oil faster and more efficient.

MARKET DEVELOPMENT
04-01-2024

Planters likely to gain from lower production cost

04/01/2024 (The Star Online), Petaling Jaya - Plantation companies are anticipated to benefit from lower production cost due to weaker fertiliser expenses and higher productivity in 2024 while crude palm oil (CPO) price remains high at about RM3,700 per tonnes for the year.

MARKET DEVELOPMENT
04-01-2024

Indonesia: jurisdictional approach helps drive sustainable palm oil

04/01/2024 (Forest News) - A jurisdictional approach (JA) has the potential to enhance Indonesia’s district and national action plans on palm oil plantation sustainability, according to new research conducted by the Center for International Forestry Research and World Agroforestry (CIFOR-ICRAF) in four districts across Sumatra and Kalimantan. The work also underscores the advantages of involving local governments in spearheading the application of research and development.

MARKET DEVELOPMENT
03-01-2024

Analysts foresee better crude palm oil prices in 2024

Analysts have foreseen better crude palm oil (CPO) prices in 2024, as El Nino weather is expected to affect palm oil supply.

MARKET DEVELOPMENT
03-01-2024

Malaysian palm oil futures easier

SINGAPORE: Malaysian palm oil futures declined on Tuesday to a more than two-week low, weighed down by lacklustre export data and demand, as well as weakness in soybean prices on the back of ample supply. The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange fell 60 ringgit, or 1.6%, to 3,661 ringgit ($796.04) a metric ton by the midday break. Earlier in the day, it hit the lowest level since Dec. 7, 2023.

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