KUALA LUMPUR, March 10 — Malaysia’s total palm oil stocks dropped by 6.56 per cent to 2.11 million tonnes in February 2023 from 2.26 million tonnes recorded in the preceding month, said the Malaysian Palm Oil Board (MPOB).
KUALA LUMPUR, March 8 — Bursa Malaysia Derivatives Bhd (BMD) marked a historical record for crude palm oil futures (FCPO) trading volume in 2022, with 16.2 million contracts or equivalent to 405 million tonnes of palm oil traded through the exchange.
KUALA LUMPUR, March 7 — The Asian Palm Oil Alliance (APOP), a body of palm oil buyers, want producing countries to make sure they have stable export policies after changes last year caused volatility in the trading of the tropical oil, the head of the group said.
KUALA LUMPUR, March 6 — Palm oil production may be impacted if heavy rain continues into the second quarter, said one industry player.
KUALA LUMPUR, Feb 23 —The implementation of the European Union Deforestation Regulation (EUDR) by the European Union (EU) will increase the production cost of Malaysia's commodity-based products as well as affect their competitiveness, said Deputy Prime Minister Datuk Seri Fadillah Yusof.
KUALA LUMPUR, Feb 11 — Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade on an upward bias next week, palm oil trader David Ng said.
KUALA LUMPUR, Feb 10 — Malaysia’s total palm oil stocks rose 3.26 per cent to 2.27 million tonnes in January 2023 from the 2.20 million tonnes recorded in December last year.
KUALA LUMPUR, Feb 8 — A new European Union law preventing the import of commodities linked to deforestation risks sidelining small farmers who are unable to meet the burdensome cost of compliance, the head of the Roundtable on Sustainable Palm Oil (RSPO) said on Tuesday.
KUALA LUMPUR, Feb 4 — Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade in yo-yo mode next week as traders await the Malaysian Palm Oil Board’s report for January 2023 production and exports during the mid-week.
KUALA LUMPUR, Feb 3 — US customs authorities on Friday lifted a two-year import ban on palm oil products made by Malaysia's Sime Darby Plantation, after determining the goods were no longer produced with forced labour.
KUALA LUMPUR, Feb 3 — Sime Darby Plantation Bhd (SDP) expects to resume its exports of palm oil to the United States (US), following the US Customs and Border Protection’s (CBP) finding that its products were no longer being produced through the use of forced labour.
KUALA LUMPUR, Feb 2 — The Ministry of Plantation and Commodities will look at research and development (R&D) and marketing Malaysia’s products internationally in the re-tabling of Budget 2023 on February 24, said Deputy Prime Minister and Plantation and Commodities Minister Datuk Seri Fadillah Yusof.
SINGAPORE/JAKARTA, Jan 16 — A move by top palm oil exporter Indonesia to restrict shipments and boost domestic biodiesel consumption is set to squeeze global vegetable oil supplies already undercut by lower output in Southeast Asia and Latin America.
KUALA LUMPUR, Jan 14 — Malaysia, the world's second-largest palm oil producer, on Thursday said it might stop palm exports to the European Union after the bloc imposed additional import restrictions on the edible oil due to concerns over deforestation.
KUALA LUMPUR, January 13 — Palm oil production in the world's largest producers, Indonesia and Malaysia, will remain squeezed this year amid anticipation of rising demand from key market China, industry officials said in a seminar on Thursday.
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, Jan 10 — Malaysia’s total palm oil stocks fell 4.09 per cent to 2.19 million tonnes in December last year from the 2.29 million tonnes recorded the month before.
BOGOR, Indonesia — Indonesia and Malaysia, the world's biggest producers of palm oil, agreed on Monday to work together to fight "discrimination" against the commodity after a meeting between leaders from the countries.
KUALA LUMPUR, Jan 5 — Malaysia's palm oil inventories in end-December likely shrank to the lowest in four months as production and exports slowed, a Reuters survey showed on Thursday.
YONG PENG, Oct 7 — Malaysian research student Haziq Ramli wore an outfit resembling a light jetpack, with poles strapped to his biceps, to wield a long pole that clipped the sharp fronds and heavy bunches of fruit from oil palm trees nearly twice his height.
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