PALM NEWS MALAYSIAN PALM OIL BOARD Wednesday, 27 Nov 2024

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Carian Terperinci

Berita Arkib

MARKET DEVELOPMENT  
  08-03-2023

Palm oil demand to rise in 2023 to 20 million tonnes

07/03/2023 (The Star Online), Kuala Lumpur - Demand for Malaysia’s palm oil is forecast to notch higher to 19.85 million tonnes this year from 19.01 million tonnes in 2022 as exports are set to grow to 16.44 million tonnes from 15.73 million tonnes previously.

OILS & FATS  
  08-03-2023

Malaysia palm oil firms must replant old trees or perish, says industry executive

07/03/2023 (Devdiscourse) - Malaysia palm oil companies must replant its vast hectarage of old, unproductive palm oil trees to overcome stagnant yields and maintain its competitiveness as the world's second-largest producer, an industry executive said on Tuesday.

MARKET DEVELOPMENT  
  08-03-2023

India's palm oil imports could jump to 4-year high on lower prices - industry official

07/03/2023 (Reuters), Kuala Lumpur - India's palm oil imports could jump 16% in 2022/23 to a four-year high of 9.17 million tonnes, as consumption is set to jump after two years of contraction due to COVID-led lockdowns, a senior industry official told Reuters on Tuesday.

OILS & FATS  
  07-03-2023

Demand for M’sian palm oil seen rising to 19.85m tonnes this year

KUALA LUMPUR: Demand for Malaysia’s palm oil is forecast to increase to 19.85 million tonnes this year from 19.01 million tonnes in 2022 with exports set to grow to 16.44 million tonnes from 15.73 million tonnes previously

LOCAL  
  07-03-2023

KPK continues to enhance palm oil downstream products, derivatives: DPM

KUALA LUMPUR: The Ministry of Plantation and Commodities (KPK) and related agencies will continue to enhance the export of palm oil downstream products and its derivatives.

WORLD  
  07-03-2023

Palm oil production seen impacted if rainfall continues into second quarter

KUALA LUMPUR: Palm oil production may be impacted if heavy rain continues into the second quarter, said one industry player.

WORLD  
  07-03-2023

India considers raising palm oil import tax to help rapeseed farmers

MUMBAI/NEW DELHI, March 6 (Reuters) - India, the world's biggest importer of vegetable oils, is considering raising its import duty on palm oil to help support local farmers reeling from a crash in domestic rapeseed prices, government and industry officials said on Monday.

WORLD  
  07-03-2023

Rising consumption to shield palm oil from EU deforestation law - analyst Fry

KUALA LUMPUR, March 6 (Reuters) - The European Union's deforestation law is unlikely to have a meaningful impact on demand for Southeast Asian palm oil as the surplus is shrinking amid rising consumption from developing countries, a leading industry analyst said on Monday.

OILS & FATS  
  07-03-2023

Palm oil falls on profit-taking, weaker rival oils

SINGAPORE: Malaysian palm oil futures fell on Monday, snapping a three-session rally, as significant profit-taking, weaker rival vegetable oils, and lower crude prices weighed on prices.

OILS & FATS  
  07-03-2023

Palm oil may climb into 4,418-4,459 ringgit range

SINGAPORE: Palm oil may climb into a range of 4,418 ringgit to 4,459 ringgit, as it has broken a resistance at 4,343 ringgit per tonne. The resistance is identified as the 161.8% projection level of a wave 3 from 3,851 ringgit.

MARKET DEVELOPMENT  
  06-03-2023

CPO futures at highest level in four months

02/03/2023 (Malay Mail), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is at the highest level in four months, said Fastmarkets senior analyst Sathia Varqa.

MARKET DEVELOPMENT  
  06-03-2023

Govt committed to helping oil palm smallholders obtain MSPO

03/03/2023 (Borneo Post Online), Serian - The government is committed to helping smallholders to obtain the Malaysian Sustainable Palm Oil Certification (MSPO) for sustainable palm oil production, says Deputy Minister of Food Industry, Commodities and Regional Development, Martin Ben.