Berita Arkib

Spot basis bids for soybeans were steady to higher in the U.S. Midwest on Friday as farmers focused on accelerating the progress of their autumn harvests, dealers said.

05/10/2023 (New Straits Times) - PALM oil, known for its versatility, serves as a widely consumed vegetable oil worldwide, is an important ingredient in the food industry. It is mainly used as a cooking oil and also in various food applications, including margarines, spreads, confectionary fats, ice cream, pizza, doughnuts, chocolate, and emulsifiers.

05/10/2023 (The Star Online), Kuala Lumpur - The Ministry of Plantations and Commodities and the Malaysian Palm Oil Board (MPOB) are intensifying efforts to enable more palm oil smallholders to comply with the Malaysian Sustainable Palm Oil Certification (MSPO) scheme.

05/10/2023 (New Straits Times), Kuala Lumpur - RHB Investment Bank Research (RHB IB Research) expects crude palm oil prices to move past RM4,000 per tonne in 2024.

05/10/2023 (Lokmat Times), New Delhi – In a bid to safeguard Malaysia’s palm oil industry against the risks associated with overreliance on a single market, Belvinder Kaur Sron, CEO of the Malaysian Palm Oil Council (MPOC), has urged a strategic shift towards exploring other high-potential markets for palm oil exports. This call to diversify comes as Malaysia’s oil industry faces the need to adapt to evolving global regulations and market preferences.

05/10/2023 (Business Recorder), New Delhi - Malaysian palm oil futures closed lower on Thursday due to a drop in overseas demand for the tropical oil from top buyers such as India and China.

05/10/2023 (Free Malaysia Today), Petaling Jaya - The government will rely on data which the statistics department (DoSM) is currently reviewing when setting the limit of subsidised cooking oil packets for B40 and M40 households, Fuziah Salleh said.

05/10/2023 (The Star Online), Mumbai - India’s imports of edible oil fell 19% in September from August’s record as refiners curtailed purchases of palm oil by 26% after inventories jumped to a record, according to five dealers.

04/10/2023 (The Borneo Post), Kuching - It is imperative for the government to review the current policy of imposing the windfall profit levy on palm oil, said the Sarawak Oil Palm Plantation Owners Association (Soppoa).

04/10/2023 (Financial Express) - The government is aiming to increase domestic palm oil production from current level of 0.35 million tonne (MT) to a MT by 2030 under the national oil palm mission through adding at least 0.1 million hectare (MH) of new plantation annually in the five to six years, according to a leading industry official.

05/10/2023 (Business Standard) - Palm oil company 3F Oil Palm on Wednesday said it has inked an agreement with the Andhra Pradesh government to invest Rs 550 crore over next five years for oil palm plantation, development and processing.

04/10/2023 (The Star Online), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives extended modest gains on Wednesday due to the government’s plan to expand the B10 biodiesel programme and its proposal to reduce the windfall levy.