Berita Arkib

22/06/2022 (The Edge Markets), Kuala Lumpur - The government is still maintaining its subsidy for cooking oil with an allocation of RM4 billion for 2022, and this amount may increase if prices of palm oil increases further, according to Prime Minister Datuk Seri Ismail Sabri Yaakob.

22/06/2022 (Malaysia Kini) - Malaysia will receive the first group of Indonesian migrant workers today since reopening its borders, with the hopes of easing a major labour shortage in palm oil plantations.

22/06/2022 (Malay Mail), Kuala Lumpur - Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin today expressed her ministry’s commitment to fight Western anti-palm oil sentiments, saying that Malaysia cannot just sit idly by.

22/06/2022 (Devex) - Climate change, COVID-19, and conflict in Ukraine have increased the demand for palm oil — and with it, the price. In reaction, the Indonesian government imposed a controversial export ban in April, only to lift it a month later. Threatening palm fruit farmers’ livelihoods and keeping products trapped at sea, experts say the ban put further strain on global food insecurity and may be a sign of other such measures to come.

23/06/2022 (Hellenic Shipping News) - Indonesia, the world’s top palm oil exporter, has issued export permits for 894,481 tonnes of palm oil products under its Domestic Market Obligation (DMO) scheme as of Wednesday, Trade Ministry official Oke Nurwan said.

21/06/2022 (Free Malaysia Today), Petaling Jaya - Ecoscience International Berhad (Ecoscience) aims to raise RM24.7 million from its initial public offering (IPO) to strengthen its market position in capturing the growing demand for palm oil amid global economic uncertainty.

21/06/2022 (The Edge Markets) - ACE Market-bound Ecoscience International Bhd aims to raise RM24.65 million from its initial public offering (IPO), partly to establish a new fabrication facility in Indonesia.

22/06/2022 (The Edge Markets), Kuala Lumpur - Weak market fundamentals continued weighing on the crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives, sending the market to its fifth consecutive days of downtrend on Tuesday (June 21).

21/06/2022 (The Malaysian Reserve) - AGRICULTURAL commodities fell as traders weighed an improved outlook for global food supplies, with signs pointing to burgeoning palm oil exports from Indonesia and a large Russian wheat crop this season.

21/06/2022 (Sustainability Times) - Palm oil is a versatile substance used in a wide range of products from foods to cosmetics. The trouble with it is that the cultivation of oil palm trees has caused massive enviromental harm, especially in Malaysia and Indonesia, which together account for 85% of palm oil production in the world.

21/06/2022 (Business Recorder), Singapore - Palm oil may bounce into a range of 5,086 ringgit to 5,204 ringgit, as it has found a support at 4,896 ringgit per tonne.

21/06/2022 (The Star Online), Kota Kinabalu - The government is poised to implement the oil palm Electronic Fresh Fruit Bunches (EFFB) initiative after seeing the success of the pilot project undertaken in Tanjung Piai, Johor.