Latest News

OILS & FATS
13-10-2022

Policy initiative to make Sabah palm oil world leader, says Hajiji

12/10/2022 (The Star Online), Kota Kinabalu - A policy initiative will be put in place to set Sabah up as a global leader in sustainable palm oil, says Chief Minister Datuk Seri Hajiji Noor (pic).

MARKET DEVELOPMENT
13-10-2022

Malaysian downstream palm oil players urged to look into opportunities in Cambodia

12/10/2022 (New Straits Times), Kuala Lumpur - Malaysian downstream palm oil players who are keen to tap overseas markets have been urged to look into opportunities in Cambodia, which recently ushered in the 65th anniversary of diplomatic relationship with Malaysia.

MARKET DEVELOPMENT
13-10-2022

High inventory weigh down CPO futures prices on Oct 11

12/10/2022 (The Edge Markets), Kuala Lumpur - Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives snapped last week’s winning streak and finished easier on Tuesday (Oct 11), after an official crop report showed that the inventory level is high, palm oil trader David Ng said.

OILS & FATS
13-10-2022

Sabah to achieve Roundtable on Sustainable Palm Oil standard standard

12/10/2022 (The Borneo Post), Kota Kinabalu - A policy initiative will be put in place to protect the resilience of the palm oil sector and setting Sabah up to become a global leader in sustainable palm oil production, said Chief Minister Datuk Seri Panglima Hajiji Noor.

OILS & FATS
13-10-2022

Malaysia's CPO output to be flat in 2022

12/10/2022 (New Straits Times), Kuala Lumpur - Malaysia's crude palm oil (CPO) production is expected to be relatively flat compared to the 2021 production of 18.1 million tonnes, Affin Hwang Capital said.

MARKET DEVELOPMENT
13-10-2022

MPOA urges govt to revise windfall, state sales taxes for East Malaysian oil palm growers

12/10/2022 (The Edge Markets), Kuala Lumpur - The Malaysian Palm Oil Association’s (MPOA) chief executive Joseph Tek Choon Yee has urged the East Malaysian states and federal governments to revise the state sales tax (SST) and windfall profit levy (WPL), respectively, that are imposed on East Malaysian oil palm growers.

OILS & FATS
13-10-2022

Weaker ringgit lifts CPO futures on Oct 12

13/10/2022 (The Edge Markets), Kuala Lumpur - Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives reversed Tuesday’s losses and ended higher on Wednesday (Oct 12), as the weaker ringgit supported demand, making Malaysia’s palm oil more competitive.

OILS & FATS
13-10-2022

Palm falls over 3pc

12/10/2022 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures slumped on Tuesday, ending a seven-day rally due to higher end-September stocks and slowing early October exports.

OILS & FATS
12-10-2022

Palm oil's widening discount to soy oil expected to boost fourth-quarter demand

11/10/2022 (The Edge Markets), Mumbai - Global palm oil purchases are rising this quarter, as buyers take advantage of the tropical oil's widening discount to rival soy oil, which should entice price-sensitive consumers and boost biofuel usage, according to senior industry officials.

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