Berita Arkib

KUALA LUMPUR (April 22): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended firmer on Friday, continuing its uptrend as the expectation of stronger exports going forward helped to lift sentiment, a dealer said.

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade range-bound at between RM6,100 and RM6,500 a tonne for next week with an upside bias.

JAKARTA, Indonesia—Indonesia will ban exports of palm oil starting this week, its president said Friday, as the world’s biggest producer faces a shortage of cooking oil made from the product.

India sources about half of its 8.3 million tonnes of palm oil imports from Indonesia There appears to be no respite for the Indian consumers on the edible oil front. Consumers should brace themselves for difficult times ahead, as Indonesia, India’s main source of palm oil imports, banned exports of all edible oil raw materials on Friday to ease domestic shortage.

CHICAGO, April 24 (Reuters): United States soyoil futures surged to all-time highs on Friday after Indonesia blocked exports of palm oil, a competing vegetable oil, but soybean and corn futures fell on profit-taking ahead of the weekend.

KUALA LUMPUR: Malaysia is seeking meetings with the United States Customs and Border Protection(CBP) and the European Union (EU) by July to set the record straight on forced labour allegations.

21/04/2022 (The Sun Daily) - Crude palm oil (CPO) production is expected to improve by 4.9% to 19 million tonnes this year,from 18.12 million tonnes in 2021.

21/04/2022 (Malay Mail Online) - Malaysia is intensifying its efforts to boost demand for palm oil and rubber, and is ready to meet the encouraging demand for the commodities.

20/04/2022 (The Edge Markets), Jakarta - Indonesian authorities have opened a corruption case linked to the issuance of palm oil export permits, naming four suspects including a trade ministry official and palm oil company executives, the attorney general said on Tuesday (April 19).

21/04/2022 (DNA India) - After Sri Lanka, now Indonesia is reeling under severe inflation. So much so that one litre of palm oil in this Southeast Asian country now costs a staggering 22,000 Indonesian rupiah! The effect of this turmoil is being felt even in India.

21/04/2022 (Business World Online) - THE ZERO-TARIFF status of palm oil used in animal feed is believed to be a factor in encouraging smuggling by importers, who instead use the commodity for making cooking oil, the Department of Agriculture (DA) said.

22/04/2022 (Inquirer Net), Manila - The Department of Agriculture (DA) is investigating the purported illegal entry of palm oil into the country, including its officials and staff who are allegedly in cahoots with smugglers of agricultural produce.