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MARKET DEVELOPMENT
16-01-2023

Environmentalists lambast Indonesia-Malaysia palm oil pledge over deforestation concerns

15/01/2023 (The Straits Times), Jakarta - Environmentalists have criticised Indonesia and Malaysia’s pledge to fight “discrimination” against palm oil, saying it puts the countries’ commitment to halting deforestation into question.

MARKET DEVELOPMENT
16-01-2023

Indonesia palm oil export curbs and biodiesel plans to hit world vegoil supplies

14/01/2023 (The Star Online), Singapore/Jakarta – A move by top palm oil exporter Indonesia to restrict shipment and boost domestic biodiesel consumption is set to squeeze global vegetable oil supplies already undercut by lower output in Southeast Asia and Latin America.

MARKET DEVELOPMENT
13-01-2023

Malaysia mulls halting palm oil exports to EU to oppose new rule

12/01/2023 (Free Malaysia Today), Kuala Lumpur - Malaysia, the world’s second-largest palm oil producer, will consider halting exports to the European Union (EU) in retaliation for the bloc’s new deforestation regulation, according to the country’s deputy prime minister.

MARKET DEVELOPMENT
13-01-2023

Arbitrary decision to stop palm oil export to EU is futile attempt, analysts say

12/01/2023 (The Edge Markets), Kuala Lumpur - Analysts who spoke to The Edge cautioned that taking an all-out offensive approach such as halting palm oil export to the European Union (EU) in retaliation for the bloc’s proposed Deforestation Regulation is not an economically responsible move.

MARKET DEVELOPMENT
13-01-2023

Malaysia says it could stop palm oil exports to EU after new curbs

12/01/2023 (Reuters), Kuala Lumpur - Malaysia said on Thursday it could stop exporting palm oil to the European Union in response to a new EU law aimed at protecting forests by strictly regulating sale of the product.

MARKET DEVELOPMENT
13-01-2023

Malaysia might halt palm oil export to EU in retaliation for new deforestation regulations

12/01/2023 (The Edge Markets), Kuala Lumpur - Malaysia may consider halting the export of palm oil to the European Union in retaliation for the trade bloc's new deforestation regulations, said Deputy Prime Minister and Minister of Plantation and Commodities Datuk Seri Fadillah Yusof.

MARKET DEVELOPMENT
13-01-2023

MPOB: Palm oil export revenue to fall 24% to RM102.5b this year despite higher volume

12/01/2023 (The Edge Markets), Kuala Lumpur - Malaysia's palm oil export revenue is expected to fall by 24.1% in 2023 to RM102.5 billion, compared with a record RM135 billion posted in 2022, due to normalised crude palm oil (CPO) prices forecast for this year.

MARKET DEVELOPMENT
13-01-2023

Malaysian Palm Oil Board: CPO to trade at RM4,000-RM4,200 per tonne in 2023

12/01/2023 (Malay Mail), Putrajaya - The crude palm oil (CPO) price in 2023 is expected to range between RM4,000 and RM4,200 per tonne as compared to RM5,087.50 per tonne in the previous year, said Malaysian Palm Oil Board (MPOB) director-general Datuk Ahmad Parveez Ghulam Kadir.

MARKET DEVELOPMENT
13-01-2023

Fadillah to visit Indonesia to strategise on cooperation to counter anti-palm oil lobby

12/01/2023 (The Borneo Post) - Deputy Prime Minister and Plantation and Commodities Minister Datuk Seri Fadillah Yusof will leave for Indonesia by February to meet his counterpart and other stakeholders to fight the anti-palm oil lobby.

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