Berita Arkib

09/11/2024 (Malay mail), Jakarta - Media OutReach Newswire - 9 November 2024 - In a significant move to strengthen Indonesia's National Free Meals Program, a cornerstone of President-elect Prabowo Subianto's campaign, Ruifeng Wealth Management Pte Ltd has signed a Memorandum of Agreement (MoA) with INDUK KUD, Indonesia's largest agriculture cooperative organization, to establish up to five palm oil mills and cooking oil refineries. President Prabowo is also the Chairman of INDUK KUD's Development Council, has allocated an annual budget of approximately US25.6 billion to combat childhood stunting and malnourished students across Indonesia. The collaborative effort between Ruifeng Wealth Management and INDUK KUD will ensure the production and supply of high-quality cooking oil for the country's national meal program.

07/11/2024 (The Star), Nusa Dua - Indonesia's chief economic minister Airlangga Hartarto (pic) said on Thursday (Nov 7) he is confident palm oil production can be boosted in coming years to meet the country's rising demand for biofuel.

07/11/2024 (The Western Producer), Saskatoon - Vegetable oil prices will continue to climb during the crop year, according to an industry analyst.

07/11/2024 (The Nation) - Oil palm growers in Surat Thani recently assured a senior Commerce Ministry official that the price of cooking palm oil will drop in January once the fruit yield returns to normal.

07/11/2024 (Bernama), Kuala Lumpur - Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended higher on Thursday amid a weaker production outlook in Malaysia, a trader said. Palm oil trader David Ng said the stronger expected demand for palm oil with lndonesia looking to increase its biofuel mandate also lifted market sentiment.

07/11/2024 (Antara), Bali - The Ministry of Agriculture is implementing DNA tracing technology to identify parent palm oil trees and preserve their seeds for planting, aiming to sustain productivity in the national palm oil industry.

07/11/2024 (New Straits Times), Kuala Lumpur - Hong Leong Investment Bank Bhd (HLIB Research) anticipates positive growth for Malaysia's plantation sector in the third quarter of 2024 (3Q24), driven by a surge in crude palm oil (CPO) prices.

06/11/2024 (Free Malaysia Today), Mumbai - India’s palm oil imports surged 59% in October to a three-month high compared to the previous month, as refiners boosted purchases to replenish stocks depleted by lower-than-usual imports in recent months and strong festive demand, five dealers said.

06/11/2024 (Oils & Fats International) - Brazil’s privately owned Grupo Potencial is planning to invest BRL 600M (US$108.86M) to increase biodiesel output at one of its plants, according to a Reuters report.

06/11/2024 (Reuters), Jakarta - Malaysian palm oil futures closed up on Wednesday, supported by gains in rival vegetable oils and a weaker ringgit, while investors look for cues from an industry conference in Indonesia starting later this week and Malaysian Palm Oil Board data due next week.

06/11/2024 (Biodiesel Magazine) - The U.S. exported 67,975.3 metric tons of biodiesel and biodiesel blends of B30 or greater in September, according to data released by the USDA Foreign Agricultural Service on Nov. 5. Biodiesel imports were at 88,055.9 metric tons for the month.

05/11/2024 (The Edge Malaysia), Kuala Lumpur - Palm oil prices will strengthen in 2025, as tight supply of edible oil boosts earnings of Malaysian planters, AmInvestment Bank said in recommending that investors add exposure to the sector.