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Malaysian Palm Oil Board: CPO to trade at RM4,000-RM4,200 per tonne in 2023
Harn Len buys plantation unit from Jakel for RM54.7m in cash and shares, confirms The Edge report
GRAINS-Chicago soyoil nears 2008 high as Indonesia bans palm oil exports
Malaysia mulls halting palm oil exports to EU to oppose new rule
Government upbeat on price outlook of palm nuts
18/01/2023 (Bangkok Post) - The government remains bullish on the price prospects of domestic fresh palm nuts, although local production and demand and global palm oil prices remain highly volatile.
Ministry, SBP agree to take measures for clearance of palm oil stuck at warehouses
17/01/2023 (Dawn), Karachi - In a bid to avert any shortage of ghee/cooking oil in Ramazan, the Ministry of Industries (MoI) and the State Bank of Pakistan (SBP) on Monday agreed to remove bottlenecks for speedy clearance of 385,000 tonnes of palm oil stuck at customs bonded warehouses due to non-retiring of documents.
Cooking oil recycling plan to help environment in northwest Türkiye
17/01/2023 (Daily Sabah) - Türkiye's Yalova Municipality launched a campaign to encourage the public not to throw away used cooking oil, instead asking them to hand over 5 liters of used oil to the municipality to receive a new 1 liter of sunflower oil as part of its zero waste project.
Strategy to fight anti-palm oil lobby will pressure EU
16/01/2023 (The Star Online), Bangi - The strategic cooperation with Indonesia to fight the anti-palm oil lobby will be able to put pressure on the European Union (EU), says Malaysian Palm Oil Board (MPOB) director-general Datuk Dr Ahmad Parveez Ghulam Kadir.
CPO futures rebound to end marginally higher
16/01/2023 (Malay Mail), Kuala Lumpur - Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives (BMD) rebounded from last week’s decline to end marginally higher today, as bargain hunting emerged due to the recent sell-down following a sluggish export pace, dealers said.
MPOB denies red tape is reason for delay in fruit dealer’s licence renewal
16/01/2023 (The Sun Daily), Kuala Lumpur - The Malaysian Palm Oil Board (MPOB) has denied allegations of bureaucracy bogging down the licensing renewal process for oil palm fruit dealers (DFs), noting that the process would be immediate if there have been no changes to the business entity or the ownership of the premises licensed.
Palm oil board denies red tape delaying dealers’ licence renewal
16/01/2023 (The Malaysian Insight) - THE Malaysian Palm Oil Board (MPOB) has denied allegations of bureaucracy bogging down the licence renewal process for oil palm fruit dealers (DFs), noting that the process would be immediate if there have been no changes to the business entity or the ownership of the premises licensed.
Supply, price of cooking oil to stabilise once labour shortage resolved
15/01/2023 (The Star Online), Johor Bahru - The supply of cooking oil and pricing issues are expected to stabilise after the plantation industry players have resolved the problem over foreign labour shortage.
Vegetable Oil Is Gaining Traction As A Biofuel
17/01/2023 (Yahoo Finance) - Interest in biofuels has exploded in recent years, and as governments pursue both energy security and lower emissions, that interest is only rising. Following a flurry of new climate policies worldwide, energy companies are looking to reduce their emissions while ensuring the stability of their legacy businesses. Meanwhile, countries around the world are looking for energy sources that can be secured domestically. The U.K. and Mexico are two such countries, with both of them now looking to vegetable oil as a potential energy source for heating and transport.
