Berita Arkib

The Italian Union for Sustainable Palm Oil ushers in the new year with the appointment of the new president, dr. Mauro Fontana, who will lead the Association for the next three years.

Malaysian palm oil futures slumped over 1% from recent highs on Thursday, following the Lunar New Year break, but selling pressure was limited due to Indonesia's new mandate for 20% of domestic output to be sold at home.

The new Indonesian regulation requiring local palm oil producers there to sell 20% of their production to domestic refiners at fixed prices starting from Thursday (Feb 3), coupled with various factors that would further widen average crude palm oil (CPO) prices between Malaysia and Indonesia, will negatively impact upstream palm oil producers

Palm oil may fall towards 5,484 ringgit, as it failed to break a resistance at 5,676 ringgit per tonne.

For Ettol Kumpilon, the switch from growing rice to oil palm on his small family farm in Malaysia's eastern state of Sabah has enabled him to renovate his home, send his eldest child to school and build up a healthy pot of savings.

The Malaysian Palm Oil Council (MPOC) expects palm oil imports from India to be 5% lower at 8.2 million tonnes this year due to the high crude palm oil (CPO) prices and potentially higher domestic oilseeds production.

U.S. soybean futures hit their highest in seven months on Wednesday on technical buying and as soyoil futures rallied with energy markets and historically high palm oil prices.

Indonesia has imposed a rule starting Thursday for a mandatory portion of palm oil to be sold domestically at a maximum price of 9,300 rupiah ($0.6465) per kg for crude palm oil and 10,300 rupiah per kg for olein, its trade minister said.

Malaysia's Sabah state, on Borneo island, is looking to revolutionise its palm oil industry with a decade-long initiative that will ensure all growers adopt ethical standards and are certified as sustainable producers by 2025.

Malaysian palm oil futures extended gains to a third session on Thursday, as top producer Indonesia imposed mandatory domestic sales and high energy rates boosted prices of the vegetable oil.

Oil palm planters in Malaysia are confronting a hard truth -- behind the red-hot rally in prices are thousands of jobs that nobody wants.

Palm oil may test a resistance at 5,484 ringgit per tonne, a break above could lead to a gain into 5,558-5,608 ringgit range.