Palm Oil News

News

Malaysia CPO futures hit RM5,000 a tonne for the first time

KUALA LUMPUR: Bursa Malaysia crude palm oil (CPO) futures price rose to RM5,000 a tonne for the first time on Tuesday after the commodity traded up as much as RM162 before paring gains at the bourse’s afternoon break. As at Tuesday’s close, CPO for October 2021 settled at RM4,975 a ...

China’s demand for Malaysian palm oil products set to rise

CHINA’S rapid development and changes in consumer behaviour will create more demand for Malaysian palm oil products in years to come. Perfect Hexagon Ltd executive VP in sales and operations Thian Soon Onn said about 70% of palm oil is consumed in the food sectors. “Palm oil products have good share...

MPOB, MPOC call for more allocations for palm oil industry

KUALA LUMPUR (Oct 5): There should be more allocations for the palm oil industry to further ramp up research and development (R&D) for the commodity and for the production of more downstream products, said the Malaysian Palm Oil Council (MPOC). The organisation’s science, environment a...

Malaysia Sept palm oil stocks seen easing on exports surge

KUALA LUMPUR (Oct 4): Malaysia’s palm oil inventories at the end of September are expected to ease slightly from a 14-month peak hit in August, as skyrocketing exports offset an uptick in production. The palm oil stockpile at the world second largest producer likely fell 0.36% to 1.87 million ...

Minister: East Malaysian palm oil companies should use Fepo in risk management to remain competitive

KUALA LUMPUR, Oct 4 — The government has urged East Malaysian palm oil companies to consider implementing the East Malaysia Crude Palm Oil Futures Contract (Fepo) in their risk management strategy to remain globally competitive. Minister of Plantation Industries and Commodities Datuk Zuraida Kamarud...

Sarawak likely to overtake Sabah in three years to become country’s largest CPO producing state — UOB Kay Hian plantation research director

KUALA LUMPUR (Oct 4): Sarawak is likely to overtake Sabah to become the largest crude palm oil (CPO)-producing state in the country in three years’ time as Sarawak’s CPO production is still at a growth stage due to its younger age profile.  “There is [a] better production growth coming fr...

Stay In Touch

Stay In Touch