Latest News

MARKET DEVELOPMENT
20-04-2023

MoU boosts palm oil trade

20/04/2023 (New Straits Times) - MALAYSIA's cooperation with China in the palm oil sector has reached another milestone with the recent signing of a memorandum of understanding (MoU) between the two countries.

MARKET DEVELOPMENT
20-04-2023

Palm oil's rare premium leads to 'wash out' in India -dealers

19/04/2023 (Reuters), Mumbai - Indian buyers have opted to cancel 75,000 tonnes of palm oil purchases for the first time in many years and switch to rival soft oils, such as sunflower oil and soyoil, five industry officials told Reuters.

OILS & FATS
20-04-2023

EU Parliament approves law banning imports of deforestation-linked goods

19/04/2023 (Devdiscourse) - The EU is the world's third-largest palm oil importer. Malaysia has said it could stop exporting palm oil to the EU in response to the law, while palm oil smallholders warn that they cannot comply with its requirements to prove when and where goods were produced, using precise geolocation data.

MARKET DEVELOPMENT
20-04-2023

MPOC optimistic to grow Palm Oil market share in India, EU, central Asia and Middle East

19/04/2023 (New Straits Times), Kuala Lumpur - The Malaysian Palm Oil Council (MPOC) is optimistic that Malaysia can maintain and even grow its palm oil market share in India, Europe, Central Asia and the Middle East.

OILS & FATS
20-04-2023

India’s palm oil plans fail to account for climate change

19/04/2023 (China Dialogue) - India’s ambitious drive to expand domestic palm oil production fails to consider the subcontinent’s changing climate, analysis shows. It’s an oversight which may derail the country’s plans to become self-sufficient in the oil.

MARKET DEVELOPMENT
20-04-2023

The palm oil problem

20/04/2023 (The Manila Times) - PALM oil is one of the biggest agricultural commodities in Southeast Asia, and up until a couple of years ago, was viewed — despite there being no rational justification for doing so — as a key ingredient in various emissions-reduction ideas, such as using it as an additive in diesel fuel. However, with much of the rest of the world slowly coming to the realization that palm oil is actually environmentally horrifying, a potential economic headache is brewing for two of the Association of Southeast Asian Nations' (Asean) biggest economies and the largest producers of the stuff — Indonesia and Malaysia.

MARKET DEVELOPMENT
20-04-2023

Palm oil prices in focus – experts decode factors behind rise and demand outlook

19/04/2023 (Zee Business) - Palm oil prices continue to remain bullish amid reports of lower production in Indonesia – the largest producer of palm oil in the world – and other variables such as higher demand, Islamic month fasting Ramadan, DMO (domestic market obligation) restrictions by the Indonesian government, and other geo-political issues, experts told Zee Business.

MARKET DEVELOPMENT
20-04-2023

VEGOILS-Palm extends rally on stronger rival oils

19/04/2023 (Nasdaq), Singapore - Malaysian palm oil futures rose on Wednesday, extending gains for a second session on the back of strength in rival vegetable oils.

MARKET DEVELOPMENT
20-04-2023

Palm rises for second day as rival vegetable oils gain

19/04/2023 (Business Recorder), Singapore - Malaysian palm oil futures edged higher on Wednesday, extending their climb for a second session, as the benchmark contract tracked gains in rival vegetable oils.

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