Latest News

OILS & FATS
09-02-2023

Global health craze for coconut oil spurs Philippine output push

08/02/2023 (The Malaysian Reserve) - THE Philippines, which vies with Indonesia as the top producer of coconut oil, is embarking on an ambitious programme to boost output, betting on booming demand for the commodity used in food, lipsticks and biofuels.

MARKET DEVELOPMENT
09-02-2023

Indonesia to suspend some palm oil export permits: Officials

07/02/2023 (The Sun Daily), Jakarta - Indonesia will suspend some palm oil export permits to secure domestic supply amid rising cooking oil prices ahead of upcoming Islamic festivals, senior cabinet minister Luhut Pandjaitan said on his official Instagram account on Monday.

WORLD
08-02-2023

EU deforestation law risks sidelining small farmers, says palm oil watchdog

KUALA LUMPUR, Feb 7 (Reuters) - A new European Union law preventing the import of commodities linked to deforestation risks sidelining small farmers who are unable to meet the burdensome cost of compliance, the head of the Roundtable on Sustainable Palm Oil (RSPO) said on Tuesday.

OILS & FATS
08-02-2023

VEGOILS-Palm oil rises for third straight day on Indonesia supply worries

KUALA LUMPUR, Feb 8 (Reuters) - Malaysian palm oil futures ticked up for the third session in a row on Wednesday, underpinned by concerns of tightening Indonesian supply as the world's largest producer reviews its palm oil export quota.

MARKET DEVELOPMENT
08-02-2023

Malaysia end-Jan palm oil stocks seen at 5-month low as output drops

Malaysia’s palm oil inventories at the end of January likely slipped to a five-month low, as exports and production both plummeted, a Reuters survey showed on Monday.

MARKET DEVELOPMENT
08-02-2023

Higher palm oil stocks likely for January, says CGS-CIMB Securities

PETALING JAYA: CGS-CIMB Securities Sdn Bhd expects Malaysia’s palm oil stock to rise 3% month-on-month (m-o-m) to 2.26 million tonnes at end-January 2023 as production and imports exceeded exports and local usage.

OILS & FATS
08-02-2023

Indonesia to review palm oil export quota

JAKARTA: Indonesia will review the ratio of its palm oil export quota amid rising prices of domestic cooking oil, according to the Coordinating Ministry of Maritime and Investment Affairs.

WORLD
08-02-2023

Indonesia shakes palm oil market again, eyeing biodiesel over exports

TOKYO -- Indonesia has sent new shock waves through the palm oil industry as it devotes more to domestic use, less than one year after its brief ban on exports propelled international prices on a roller coaster ride.

MARKET DEVELOPMENT
07-02-2023

Minister lauds withdrawal of ban on Sime Darby’s palm oil products

05/02/2023 (Free Malaysia Today), Petaling Jaya - The withdrawal of the import ban on Sime Darby Plantation Bhd (SDP), after it was cleared of forced labour allegations, bodes well for Malaysia, says human resources minister V Sivakumar.

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