Latest News

WORLD
01-02-2023

Malaysia, Indonesia to continue collaboration to counter palm oil criticism, says DPM Fadillah

BANGI, Jan 31 — Malaysia will continue to collaborate with Indonesia to counter the European Union’s (EU) criticism against palm oil, said Deputy Prime Minister and Plantation and Commodities Minister Datuk Seri Fadillah Yusof.

OILS & FATS
01-02-2023

Crude palm oil exports to drop further as more palm oil goes to biodiesel: GAPKI

JAKARTA – The Indonesian Palm Oil Association (GAPKI) expects last year’s decline in palm oil exports, which has been attributed to a volatile regulatory environment and disrupted output, to continue this year.

OILS & FATS
01-02-2023

Palm oil closes near 3-week high on production concerns

KUALA LUMPUR: Malaysian palm oil futures on Monday closed at their highest in nearly three weeks on concerns over output, following flooding in the world’s second largest producer.

WORLD
01-02-2023

Indonesia assures B35 biodiesel won't squeeze cooking oil supply

JAKARTA, Jan 31 (Reuters) - Indonesia's chief economic minister on Tuesday assured no disruption in domestic cooking availability when a higher blend of palm oil-based fuel in biodiesel is launched on Feb. 1, seeking to allay concerns over supply and prices.

OILS & FATS
01-02-2023

Palm oil may test support at 3,888 ringgit

SINGAPORE: Palm oil may test a support at 3,888 ringgit per tonne, a break below could open the way towards 3,796 ringgit. The current bounce is expected to be much weaker than the first one from the Dec. 12, 2022 low of 3,721 ringgit.

LOCAL
01-02-2023

MPOB's advanced biotech centre gets Mahathir Science Award 2022

BANGI: The Advanced Biotechnology and Breeding Centre (ABBC) of the Malaysian Palm Oil Board (MPOB) has been announced as the Mahathir Science Award 2022 recipient under the category of Tropical Natural Resources.

MARKET DEVELOPMENT
01-02-2023

Better CPO prices for KLK, IOI Corp in 4Q2022 amid aggressive forward selling activities — RHB

KUALA LUMPUR (Jan 31): Kuala Lumpur Kepong Bhd (KLK) and IOI Corp Bhd are among the plantation companies that should be able to recognise better crude palm oil (CPO) prices than their peers for the fourth quarter of 2022 (4Q2022), as they undertook more aggressive forward-selling activities, according to RHB Investment Bank Bhd.

WORLD
01-02-2023

Egypt's GASC buys 35,000 tonnes of vegetable oils in tenders

CAIRO, Jan 31 (Reuters) - Egypt's state grains buyer, the General Authority for Supply Commodities, has bought 35,000 tonnes of vegetable oils in international and local tenders, it said on Tuesday.

OILSEEDS
01-02-2023

B35 Program to disburse 13.15 million kiloliters of biodiesel

Jakarta (ANTARA) - The mandatory Biodiesel 35 (B35) program is expected to distribute 13.15 million kiloliters of biodiesel this year, Deputy for Food and Agribusiness at the Coordinating Ministry for Economic Affairs Musdhalifah Machmud stated.

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