Berita Arkib

26/08/2024 (Bloomberg) - The outlook for Indonesia’s palm oil harvest has dimmed as dry weather and aging trees crimp production in the world’s top grower, which will likely tighten global supply and keep prices elevated.

26/08/2024 (ChemAnalyst) - Global production of vegetable oils is on the rise, driven by increasing demand across various markets. The anticipated surplus in commodities like palm and soybean oil for the 2024/25 period is expected to more than compensate for a projected decline in sunflower oil production. According to the US Department of Agriculture (USDA), global vegetable oil production for the current crop year is set to reach a record high of 224.2 million tonnes. This represents an increase of 2.7 million tonnes from the previous year. At the same time, global consumption is estimated to rise to 221.7 million tonnes, a jump of 5.3 million tonnes from the prior year. As a result, ending stocks are forecasted to be lower than last year, totaling 29.6 million tonnes, and will fall below the long-term average.

23/08/2024 (New Straits Times), Kuala Lumpur - Membership in intergovernmental organisation BRICS is likely to benefit Malaysian businesses, especially in the palm oil, rubber, and electronics sectors.

23/08/2024 (Free Malaysia Today), Petaling Jaya - Malaysia palm oil production is expected to surpass 19 million metric tonnes (mt) in 2025 in the event of a strong La Nina, said an analyst.

26/08/2024 (The Edge Malaysia) - The palm oil industry has come a long way from the introduction of the plant to the country as an ornamental crop to a complex global powerhouse, contributing significantly to Malaysia’s gross domestic product and the creation of job opportunities. While this pursuit of economic prosperity remains essential, a growing awareness of the industry’s far-reaching social and environmental implications has ignited a shift towards sustainable and responsible practices. Today, the palm oil sector operates within a complex and dynamic environment shaped by converging pressures. Escalating consumer expectations for ethical and sustainable products, coupled with increasingly stringent government regulations and rapid technological advancements, have transformed the industry landscape. With 5.65 million hectares across the country dedicated to the cultivation of the crop, the sector’s impact on local communities, small-scale farmers, indigenous groups and workers is profound and far-reaching.

24/08/2024 (The Nation) - A new biodiesel called “HVO” that promises reduced greenhouse gas emission is now being tested under a collaboration between Tri Petch Isuzu Sales and national oil and gas conglomerate PTT Plc.

22/08/2024 (Malay Mail), Kuala Lumpur - Malaysia is always ready to meet the increasing demand for palm oil in India through the cooperation with major importing companies such as Emami Agrotech Ltd.

22/08/2024 (The Edge Malaysia), Kuala Lumpur - Palm oil producer Far East Holdings Bhd (KL:FAREAST) said on Thursday its net profit in the second quarter jumped eight times on a surge in profits from associates, as well as higher prices and volume.

22/08/2024 (The Star), Putrajaya - A subsidised cooking oil misappropriation syndicate was crippled through a series of operations, known as Ops Tiris 3.0, with cooking oil subsidy leaks estimated to be RM20mil.

22/08/2024 (Reuters), Jakarta - Malaysian palm oil futures rose for a second session on Thursday, underpinned by Indonesia's plan to boost its biodiesel mandate.

21/08/2024 (Malay Mail), Kuala Lumpur - Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani underscored the critical role of his ministry in driving the national economy today, revealing that it contributes nearly RM160 billion in exports. He said that palm oil alone accounted for over RM100 billion of that total.

22/08/2024 (The Star), Kuala Lumpur - MKH Oil Palm (East Kalimantan) Bhd’s (MKHOP) prospects for the financial year ending September 30, 2024 remain strong, supported by robust market demand for crude palm oil, which is currently trading at approximately RM3,650 per tonne in Indonesia.