Berita Arkib

28/12/2023 (New Straits Times) - Our oil palm industry is set to move into 2024 with a better prospect.

28/12/2023 (Farmers Journal) – Europe’s consumption of used cooking oil (UCO) more than doubled between 2015 and 2022, as it’s a key ingredient for biodiesel for cars and trucks.

28/12/2023 (The Nation) - Pakistan is spending a sizable chunk of its budget on the import of edible oil and the volume is increasing with each passing day due to the growing population. The heavy import budget is putting more strain on the national coffers, reports WealthPK.

28/12/2023 (The Edge Malaysia), Kuala Lumpur - Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower on Thursday, tracking the weakness of soybean oil on the Chicago Board of Trade (CBOT), said a dealer.

27/12/2023 (Voice of Nigeria) - The historical trajectory of Nigeria’s palm oil industry is noteworthy, having once been the world’s leading producer in the early 1960s with 43% global market share. However, a shift occurred around 1966, when Malaysia and Indonesia surpassed Nigeria, relegating it to the 5th position with less than 2% of the total global market production of 74.08 million MT.

27/12/2023 (The Straits Times), Jakarta - High food prices in recent years have prompted farmers worldwide to plant more cereals and oilseeds, but consumers are set to face tighter supplies well into 2024, amid adverse El Nino weather, export restrictions and higher biofuel mandates.

27/12/2023 (The Borneo Post), Kuching - As Malaysia’s palm oil industry looks to press its global advantage, Pertubuhan Transformasi Dayak (Trada) called on the youth of Sarawak to help play a key part in extending Malaysia’s lead in sustainable palm oil.

27/12/2023 (Climates Change News) - Indonesia said on Friday that it would slap palm oil companies operating within forest areas with fines amounting to a total of 4.8 trillion rupiah ($310.1 million).

27/12/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures rose for a second session on Wednesday, with strength in rival edible oils underpinning the market, although low trading volumes capped the gains.

28/12/2023 (Financial Express) - At a time when soybean oil is gaining popularity over palm oil, investment in crushing soy seeds for producing finished cooking oil in local refineries makes business sense. No wonder, companies which were used to refining imported crude oil see the opportunity of crushing soybean for supplying semi-raw materials to their existing refineries by setting up grinding mills of larger capacities. In fact, the City Group made its tentative entry into the crushing business as early as 2005 by installing a mill with a capacity of 1,000 tonnes per day (TPD). Currently, its three mills have a total capacity of 7,800 TPD. Meghna follows close behind with a capacity of 7,000 TPD. What is remarkable is that both refinery giants now get 30-40 per cent supply of their total crude oil from their own crushing plants. It is good to know that more companies are following in their footsteps.

27/12/2023 (Business Standard) - As global prices of edible oil saw a steep correction in 2023 providing relief to consumers, prices were on the boil last year being one of the main drivers of food inflation.

In Malaysia, Platts reports that palm oil prices are expected to recover next year thanks to increased demand following increases in biodiesel blending worldwide, while palm oil production is likely to remain stagnant in Indonesia and Malaysia.