KUALA LUMPUR, Feb 4 — Malaysia must shift to high-value products like oleochemicals and biodiesel rather than just relying on crude palm oil (CPO) exports without a solid value-added strategy, said Paya Besar MP Datuk Mohd Shahar Abdullah.

MUMBAI, Sept 24 — Indian refiners cancelled 100,000 metric tons of palm oil purchases for delivery between October and December, as New Delhi's move to raise import duties amid a rally in overseas prices prompted them to book profits, five trade officials told Reuters.

KUALA LUMPUR, Sept 10 — Malaysia’s crude palm oil (CPO) production increased by 2.9 per cent to 1.89 million tonnes in August from 1.84 million tonnes in July, according to the Malaysian Palm Oil Board (MPOB).

KUALA LUMPUR, March 6 — The Plantation and Commodities Ministry (KPK) believes standardising commodity prices in the market is impractical to implement as it involves high costs for the government and is feared to affect a market's efficiency.

KUALA LUMPUR, March 5 — The Malaysian palm oil market is expected to remain positive in 2024, with strong demand from top export destinations like India with 17.4 per cent of the share, China (9.1 per cent), and the European Union (7.4 per cent), said Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani.

KUALA LUMPUR, Feb 17 —- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade with a slight upward bias next week due to weaker production and a smaller stockpile.

KUALA LUMPUR, Dec 22 — Fitch Ratings expects Malaysian benchmark crude palm oil (CPO) spot prices to average at US$650 per tonne in 2024, substantially lower than circa-US$840 per tonne in 2023 due to higher supply.

JAKARTA, Oct 13 — Indonesia has launched a crude palm oil exchange to make Indonesia the global determinant of palm oil prices, said Trade Minister Zulkifli Hasan, reported ANTARA News Agency.

KUALA LUMPUR, July 10 — Malaysia’s total palm oil stocks increased by 1.92 per cent to 1.72 million tonnes in June 2023, from 1.69 million tonnes in the preceding month.

KUALA LUMPUR, May 10 — Malaysia's total palm oil stocks fell 10.54 per cent to 1.50 million tonnes in March from 1.67 million tonnes in the previous month.

KUALA LUMPUR, Jan 12 — Malaysian palm oil stocks are expected to decline to around 2 million tonnes this year, compared with 2.19 million tonnes in 2022, the Malaysian Palm Oil Board (MPOB) said on Thursday.

KUALA LUMPUR, Oct 3 — The price of five kg bottled pure cooking oil will drop by RM2 to RM31.50 from RM33.50 previously, effective October 8 until November 7.

JAKARTA, July 6 — Indonesia is considering setting its crude palm oil (CPO) export reference price every two weeks instead of monthly, a senior trade ministry official said on Wednesday, aiming to adjust quicker to fast-changing international market prices.

PEKAN, May 24 — Indonesia's move to lift its palm oil exports ban yesterday will not have much of an impact on Malaysia’s oil palm industry, said Plantation Industries and Commodities Deputy Minister Datuk Willie Mongin.

KUALA LUMPUR, Feb 14 — A general consultant with the title ‘Datuk Seri’ was charged in the Sessions Court here today on 11 charges, including deceiving nine investors in connection with crude palm oil investment involving losses amounting to RM1.45 million.