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OILS & FATS
04-11-2024

Palm oil surges to two-year high on firm exports and crude rally

01/11/2024 (The Edge Malaysia) - Palm oil rallied for a third day to its highest level in more than two years, on strong demand amid concerns over tightening supply.

OILS & FATS
04-11-2024

Johari: Ministry committed to ensuring sustainable palm oil

03/11/2024 (New Straits Times), Rembau - The Plantations and Commodities Ministry is committed to ensuring all industry players, including oil palm smallholders, obtain Malaysian Sustainable Palm Oil (MSPO) certification.

OILS & FATS
04-11-2024

Johor, Japan's Fuji Oil to develop RM500 mil palm oil refinery in Kota Tinggi

03/11/2024 (New Straits Times), Iskandar Puteri - Johor has signed an agreement with Japanese food industry leader Fuji Oil Holdings Inc. (Fuji Oil) to build a RM500 million specialized palm oil and fats refinery in Pasir Logok, Kota Tinggi.

OILS & FATS
04-11-2024

Global Stearic Acid Prices Climb Amid Palm Oil Shortages and Rising Production Costs

01/11/2024 (Chemanalyst) - In late October 2024, global Stearic Acid prices continued to rise due to increased production costs and shortages of feedstock Palm Oil in key Southeast Asian markets, particularly Malaysia and Indonesia. These developments led to higher-priced imports of Stearic Acid across Asia, North America, and Europe

OILS & FATS
04-11-2024

Palm oil provides support to soybean oil prices

01/11/2024 (Food Business News), Kansas City - Soybean oil futures have been on a rollicking ride during this year’s soybean harvest. On Aug. 16, the nearby CME Group soybean oil futures contract tumbled to a four-year low after a bearish August Crop Production report from the US Department of Agriculture forecast record-high soybean production and yield for the 2024 crop that was even larger than initially anticipated by many in the trade. As a result, soybean oil futures prices fell to multi-year lows, but they didn’t stay there long, even as harvest of the massive domestic crop advanced and stocks began to build.

OILS & FATS
30-10-2024

CPO FUTURES HIT TWO-YEAR HIGH ON BULLISH SENTIMENT, STRONG EXPORTS

29/10/2024 (Bernama), Kuala Lumpur - Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher on Tuesday, reaching a two-year high, said Fastmarket Palm Oil Analytics senior analyst Sathia Varqa.

OILS & FATS
30-10-2024

Government focus efforts on enhancing palm oil operations, yields

29/10/2024 (New Straits Times), Kuala Lumpur - The government is actively implementing efforts to enhance operational efficiency and yields to empower palm oil smallholders across the country.

OILS & FATS
30-10-2024

Johor Plantations unveils 10-year roadmap to become leading integrated palm oil producer

29/10/2024 (The Edge Malaysia), Kuala Lumpur - Johor Plantations Group Bhd (KL:JPG) on Tuesday unveiled its 10-year roadmap aimed at transforming the company into a next-generation integrated palm oil producer to lead the palm oil industry.

OILS & FATS
30-10-2024

Malaysia and Indonesia hiking export taxes

29/10/2024 (Oils & Fats International) - Higher export duties set to be introduced by leading palm oil producers Malaysia and Indonesia are expected to increase demand for the commodity, according to a report by The Star.

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