Berita Terkini

OILS & FATS
27-08-2024

Ta Ann’s palm oil production rises; net profit up 13.3% in 2Q

26/08/2024 (The Star), Kuala Lumpur - Ta Ann Holdings Bhd’s palm oil production is trending upwards as it enters the second half of the year with fresh fruit bunches (FFB) production cycle at its peak.

OILS & FATS
27-08-2024

Palm oil hits 3-week high on Indonesia biodiesel plans, Malaysia output woes

26/08/2024 (Reuters), Singapore - Malaysian palm oil futures advanced for the fourth session on Monday, touching their highest in more than three weeks on Indonesia's plan to further raise its biodiesel blending and concerns of rainy weather hurting Malaysia's production.

OILS & FATS
27-08-2024

CPO Futures End Higher Due To Weaker Production Prospects

26/08/2024 (Bernama), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher on Monday due to prospects of a weaker production pace in the country, said a dealer.

OILS & FATS
27-08-2024

Indonesia's incoming leader hopes to implement 50% palm-based biodiesel in 2025

26/08/2024 (Reuters), Indonesia - President-elect Prabowo Subianto hopes to implement mandatory 50% palm oil-based biodiesel blending by early next year, which he said would cut fuel imports by $20 billion per year.

OILS & FATS
27-08-2024

Indonesian Palm Oil Output Set to Fall on Dry Weather, Old Trees

26/08/2024 (Bloomberg) - The outlook for Indonesia’s palm oil harvest has dimmed as dry weather and aging trees crimp production in the world’s top grower, which will likely tighten global supply and keep prices elevated.

OILS & FATS
27-08-2024

Global Production of Vegetable Oils Keeps Rising

26/08/2024 (ChemAnalyst) - Global production of vegetable oils is on the rise, driven by increasing demand across various markets. The anticipated surplus in commodities like palm and soybean oil for the 2024/25 period is expected to more than compensate for a projected decline in sunflower oil production. According to the US Department of Agriculture (USDA), global vegetable oil production for the current crop year is set to reach a record high of 224.2 million tonnes. This represents an increase of 2.7 million tonnes from the previous year. At the same time, global consumption is estimated to rise to 221.7 million tonnes, a jump of 5.3 million tonnes from the prior year. As a result, ending stocks are forecasted to be lower than last year, totaling 29.6 million tonnes, and will fall below the long-term average.

OILS & FATS
26-08-2024

BRICS membership to benefit palm oil, rubber, and electronics sectors, says Anwar

23/08/2024 (New Straits Times), Kuala Lumpur - Membership in intergovernmental organisation BRICS is likely to benefit Malaysian businesses, especially in the palm oil, rubber, and electronics sectors.

OILS & FATS
26-08-2024

Palm oil production to exceed 19mil mt next year, says analyst

23/08/2024 (Free Malaysia Today), Petaling Jaya - Malaysia palm oil production is expected to surpass 19 million metric tonnes (mt) in 2025 in the event of a strong La Nina, said an analyst.

OILS & FATS
26-08-2024

Beyond profit: How palm oil and the community are thriving together

26/08/2024 (The Edge Malaysia) - The palm oil industry has come a long way from the introduction of the plant to the country as an ornamental crop to a complex global powerhouse, contributing significantly to Malaysia’s gross domestic product and the creation of job opportunities. While this pursuit of economic prosperity remains essential, a growing awareness of the industry’s far-reaching social and environmental implications has ignited a shift towards sustainable and responsible practices. Today, the palm oil sector operates within a complex and dynamic environment shaped by converging pressures. Escalating consumer expectations for ethical and sustainable products, coupled with increasingly stringent government regulations and rapid technological advancements, have transformed the industry landscape. With 5.65 million hectares across the country dedicated to the cultivation of the crop, the sector’s impact on local communities, small-scale farmers, indigenous groups and workers is profound and far-reaching.

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