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MPOB: Malaysia worried about continual changes in benchmark standards for sustainable palm oil

KUALA LUMPUR (May 17): Malaysia is worried that the benchmark standards keep on changing and are difficult to comply with, especially for smallholders, as it continues to address sustainability aspects and corrects the negative perception and allegations towards its palm oil, the Malaysian...

Indonesia stuns markets as it widens ban to include CPO, refined palm oil

JAKARTA/MUMBAI (April 27): Indonesia widened the scope of its export ban on raw materials for cooking oil to include crude and refined palm oil, its chief economic minister said on Wednesday, leaving markets in shock over the latest policy reversal. The announcement flipped the minister’s stat...

Palm oil rallies 10% as market prepares for Indonesia export ban

(April 27): Palm oil jumped 10% while rival soybean oil hit a fresh record high as traders prepare for the start of Indonesia’s export halt. Malaysia, the world’s second-biggest producer, is set to see a surge in demand for its products after top grower Indonesia said it will ban exports of RBD palm...

Malaysia says can meet global demand after Indonesia bans palm oil exports

KUALA LUMPUR (April 24): Malaysia is confident it can meet global demand for palm oil after Indonesia’s announcement that it has banned exports of the commodity, said Plantation Industry and Commodities Minister Datuk Zuraida Kamaruddin. “I am confident that Malaysia is ready and able to suppl...

Analysts positive on plantation sector after palm oil inventories fell to one-year low in March

KUALA LUMPUR (April 12): Public Investment Bank Bhd (PIVB) has maintained its “overweight” rating of the plantation sector with a full-year crude palm oil (CPO) price forecast of RM4,300 per tonne. PIVB analyst Chong Hoe Leong said the rating was made after Malaysia’s March 2022 palm oil inventories...

Malaysia end-March palm oil stocks tick up as output, exports rise

KUALA LUMPUR (April 4): Malaysia’s palm oil stockpile is pegged to tick up at the end of March, as a rise in exports and plummeting imports offset growing production, a Reuters survey showed on Monday. Inventories in the world’s second-largest producer are forecast to rise 0.51...

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