Berita Arkib

JAKARTA: Indonesia will allocate about 1 million tonnes of palm oil for export, prioritising companies that have been registered for the government's bulk cooking oil programme, a senior trade ministry official said on Friday.

KUALA LUMPUR, May 28 (Reuters): Leading edible oil analyst Dorab Mistry earlier has urged Indonesia to immediately resume exports of palm oil, warning that a halt in shipments pending details of a domestic sales rule could spell economic "doom" for farmers.

MALAYSIA may currently be in a sweet spot as it enjoys high prices of commodities such as crude and palm oil, but for how long can these good prices last?

THE crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade on an upward trajectory in anticipation of weaker output, a dealer said.

KUALA LUMPUR (May 27): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower on Friday ahead of a potential announcement by the Indonesian government with regard to palm oil exports.

KUALA LUMPUR: For over a century, the plantation industry has remained a crucial component of Malaysia's economy with a sustained dominance in the global market for palm oil production and exports after Indonesia.

LETTERS: Things have not looked this rosy for the oil palm industry in a long time. Crude palm oil prices are at a five-year high, averaging RM4,465 per metric tonne (pmt) for the first quarter of this year, a 40 per cent increase year on year (yoy) compared with RM3,185 pmt previously.

Leading edible oil analyst Dorab Ministry on Thursday urged Indonesia to immediately resume exports of palm oil, warning that a halt in shipments pending details of a domestic sales rule could spell economic “doom” for farmers.

Cochin Port Users Forum says move will fetch extra revenue and ease container shortage With Indonesia lifting restrictions on palm oil imports, Cochin Port Users Forum has requested the Director General of Foreign Trade to end the restrictions on palm oil imports through Cochin and other minor ports in Kerala.

Malaysian palm oil futures fell for a second straight day on Thursday, dragged by prospects of a resumption in sunflower oil shipments out of Ukraine, a development that could ease tightness in global edible oil supplies.

KUALA LUMPUR: Malaysian palm oil futures reversed course to hit a three-week closing high on Thursday, triggered by bargain buying amid tight suppllies as Indonesian oil remains absent from the global market.

Plunging demand for soyoil in China is expected to cut consumption of the oilseed in the world’s biggest user as lockdowns to prevent the spread of COVID have shuttered restaurants and canteens, according to traders and analysts.