Berita Arkib

24/03/2023 (Hellenic Shipping News) - Malaysian benchmark crude palm oil (CPO) spot prices have averaged around USD915 per tonne (t) so far in 1Q23, sharply lower than the average of around USD1,175/t in 2022, but a marked improvement from the end-September 2022 level of around USD700/t and the last 10-year average of USD730/t. Prices have been supported by market expectations of significantly higher biodiesel consumption in and lower exports from Indonesia, and the impact of heavy rainfall at the start of 2023 on output.

23/03/2023 (Zawya) - Malaysia has maintained its April export tax for crude palm oil at 8% and raised its reference price, a circular on the Malaysian Palm Oil Board website showed on Thursday.

23/03/2023 (North Africa Post) - Although palm oil production has been linked to environmental damage and human rights abuses, it remains an important industry providing jobs and contributing to economic growth in several countries in Africa.

24/03/2023 (Hellenic Shipping News) - Malaysian palm oil futures slumped to a more than six-month closing low on Thursday tracking losses in rival edible oils, while caution as investors gauged the U.S. Federal Reserve’s comments also weighed on sentiment.

Petaling Jaya - Representatives of the country’s major small farmer organisations travelled to Brussels to personally present a petition to the European Commission demanding changes to the European Union’s Deforestation Regulation (EUDR).

Kuala Lumpur - The Malaysian Palm Oil Council (MPOC) will continue to demand changes to the European Union Deforestation Regulation (EUDR).

Crude palm oil prices dropped pressured by persistent doubts over demand, sharp pullbacks in rival vegetable oils, and a strong Malaysian ringgit. Rapeseed and sunflower oil prices declined after Russia and Ukraine extended their deal to secure grain trade through the Black Sea, pressuring other vegetable oils.

Palm oil has become an essential ingredient in various products we use daily, from food to cosmetics and even biofuels. It is a versatile and inexpensive vegetable oil, and demand for it has skyrocketed in the past few decades. However, palm oil production has also been linked to environmental damage and human rights abuses. Despite these concerns, palm oil production remains an important industry providing jobs and contributing to economic growth in many countries, including several in Africa.

KUALA LUMPUR: Malaysian palm oil futures tumbled more than 3 percent on Wednesday to close at their lowest in five months, weighed down by sharp losses in rival edible oils and crude oil, and lingering concerns over the global banking crisis.

The imports of edible oil including soyabean and palm oil into the country during the first eight months of the current financial year increased by 148.67 percent and 9.87 percent respectively as compared to the imports of the corresponding period of last year.

NAPERVILLE, Illinois, March 22 (Reuters) - Traders have sold off Chicago soybeans this month in spectacular fashion as economic concerns mount and Brazil’s bumper harvest hits the market.

(Reuters) - Malaysian palm oil futures fell more than 3% on Wednesday to its lowest in five months, dragged by deep losses in rival edible oils, crude and lingering concerns over the global banking crisis.