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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...

Europe may be forced to turn to Malaysian palm oil

A major energy and food crisis is unfolding as a result of the war in Ukraine. Russian President Vladimir Putin is forcing European nations to pay in rubles for Russian gas. And the European Union is worried about the acute shortage of sunflower and rapeseed oils that may cause a dent in the food in...

Malaysia ready to cater to requirements on sustainable palm oil to ease edible oil shortage — MPOC

KUALA LUMPUR (March 30): Malaysian Palm Oil Council (MPOC) said Malaysia is ready to help and cater to the requirements on sustainable palm oil to substitute for sunflower oil amid an acute shortage in Iceland supermarkets. “Sustainable palm oil is a viable substitute for sunflower oil, and while th...

Food producers reversing palm oil ban amid shortage of sunflower oil

KUALA LUMPUR (March 28): The sudden shortage of sunflower oil supply has forced food producers to reverse their ban on palm oil and return to this vegetable oil as their frying fat and food ingredients. Iceland supermarket, which in 2018 pledged to remove palm oil from all its own-brand foods, made ...

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