News
CPO futures to sustain its positive momentum next week
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to sustain its positive momentum next week on better demand. According to palm oil trader David Ng, next week’s trading would be on a firm note, with support coming from expectations that the coun...
Palm oil association says 2024 Budget left out two critical requests
KUALA LUMPUR: The Malaysian Palm Oil Association (MPOA) is disappointed that the 2024 Budget has ommitted two critical requests which would have acted as key enablers for the industry’s growth. One request was for a comprehensive review of the windfall profit levy on the palm oil industry, and...
High palm oil stocks to pile pressure on prices
PETALING JAYA: A continued peak production season may result in the local palm oil stocks staying high, thus putting pressure on the crude palm oil (CPO) price performance, say analysts. Brokerage houses, which are mostly “neutral” on the plantation sector, have pegged the CPO prices to trade betwee...
Indonesia’s Garuda conducts test flight with palm oil-blended jet fuel
JAKARTA, Oct 10 (Reuters) – Flag carrier Garuda Indonesia (GIAA.JK) said on Tuesday it has completed a test flight using a palm oil-blended jet fuel on a Boeing 737-800NG aircraft. The plane flew more than 130 km (80 miles) from the capital Jakarta to Pelabuhan Ratu in the southern p...
Palm oil stocks hit 11-month high
KUALA LUMPUR: Palm oil stockpiles hit an 11-month high at the end of September, according to data from the Malaysian Palm Oil Board (MPOB), raising concerns about demand for the commodity. Inventories rose 9.6% from August to 2.31 million tonnes, the fifth consecutive month of increases at the world...
MPOB: Efforts being made to help more palm oil smallholders in Malaysia meet MSPO requirements
KUALA LUMPUR, Oct 5 — The Ministry of Plantations and Commodities and the Malaysian Palm Oil Board (MPOB) are intensifying efforts to enable more palm oil smallholders to comply with the Malaysian Sustainable Palm Oil Certification (MSPO) scheme. MPOB director general Datuk Dr Ahmad Parveez Ghulam K...
