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MARKET DEVELOPMENT
22-09-2023

Palm oil hits three-month low on weaker soyoil, demand worry

21/09/2023 (The Edge Malaysia) - Palm oil fell to its lowest level in almost three months on concerns about poor demand and rising production, with losses in soybean oil putting further pressure on the tropical oil.

OILS & FATS
22-09-2023

Is the search for a real alternative to palm oil over?

21/09/2023 (Malay Mail), Glasgow - It’s the most widely consumed oil in the world. It shows up on the ingredients list of potato chips, pizza and soap. But it’s also associated with ecological degradation as it’s a major driver of deforestation. This has motivated researchers to investigate the manufacture of palm oil with the aim of finding a more ethically acceptable alternative. And a team in Scotland may have finally succeeded.

OILS & FATS
22-09-2023

Indonesia to Accelerate Smallholders` Palm Oil Replanting Program

20/09/2023 (Tempo.Co) - Plantation DG at the Ministry of Agriculture Andi Nur Alamsyah stated that the national palm oil productivity only reached 3 to 4 million tonnes per hectare. Thus, the government intends to push for the smallholders' palm oil replanting program (PSR).

MARKET DEVELOPMENT
22-09-2023

VEGOILS-Palm falls to one-week low as weaker rivals outweigh export data

21/09/2023 (Nasdaq), Singapore - Malaysian palm oil futures fell to their lowest in over a week on Thursday, tracking weakness in rival oils which offset support from improving exports.

OILS & FATS
22-09-2023

Used cooking oil being developed as aviation fuel: Ministry

21/09/2023 (Antara News), Jakarta - The Indonesian Industry Ministry stated that the potential of used cooking oil, currently being developed globally, could be tapped to serve as sustainable aviation fuel (SAF).

MARKET DEVELOPMENT
21-09-2023

Warisan: 7.5% palm oil sales tax a burden on smallholders

20/09/2023 (The Star Online), Kota Kinabalu - The sales tax of 7.5% on palm oil should be reduced as it is a burden on smallholders in Sabah, especially at a time when they are unable to maximise profits, says Parti Warisan deputy president Datuk Darell Leiking.

MARKET DEVELOPMENT
21-09-2023

Palm oil closes at one-week low on weaker rival oils

20/09/2023 (Business Recorder), Singapore - Malaysian palm oil futures fell on Wednesday to their lowest closing in one week, weighed by weaker rival edible oils, although losses were capped by better exports.

MARKET DEVELOPMENT
21-09-2023

Uganda is looking to revamp its edible oil business following a massive decline

20/09/2023 (Business Insider Africa) - In an effort to boost its dwindling exports of edible oil, Uganda has started the reconstruction of important routes of entry to oilseed projects in 81 areas.

MARKET DEVELOPMENT
21-09-2023

Status quo for plantation windfall tax seen, but ‘could be tweaked higher’ — MIDF Research

19/09/2023 (The Edge Malaysia), Kuala Lumpur - Planters are expected to enjoy lower production costs and improved crude palm oil prices in 2024, said MIDF Research, on the back of easing fertiliser prices and lower production seen due to El Nino.

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PALM NEWS MALAYSIAN PALM OIL BOARD Wednesday, 27 Nov 2024

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PALM NEWS MALAYSIAN PALM OIL BOARD Wednesday, 27 Nov 2024

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