JAKARTA (Nov 29): Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani has called for greater cooperation between Malaysia and Indonesia to address the regulatory challenges facing the global palm oil industry. Speaking at a joint press conference after the 12th Council of Palm Oil Producing Countries (CPOPC) Ministerial Meeting on Friday, the minister warned…
The recent severe flooding across Malaysia is expected to significantly impact the country’s palm oil production. Heavy rainfall and flooding disrupt harvesting activities and logistics, leading to reduced output. For instance, during previous flood events, crude palm oil (CPO) production declined by up to 15% in affected regions. Given Malaysia’s role as a major palm…
KUALA LUMPUR (Nov 11): Malaysia’s palm oil stocks at the end of October this year fell 6.32% from the previous month to 1.88 million metric tonnes, the first decline in inventory in three months, data from the industry regulator showed on Monday. Crude palm oil production was down 1.35% in October from September, to 1.80…
(Nov 1): Palm oil rallied for a third day to its highest level in more than two years, on strong demand amid concerns over tightening supply. Shipments in October from palm oil’s second largest producer Malaysia climbed 11% from the month before, on stronger exports to India, China and the European Union (EU), according to cargo…
Understand the Fundamentals of the Underlying Industry: Crude Palm Oil When investing in trading crude palm oil, it is essential to understand the fundamental drivers of crude palm oil prices. Supply and demand are the key drivers of prices. Crude palm oil traders closely watch factors that impact supply and demand. Let’s explore the fundamental…
SANDAKAN: Malaysia has pledged to halt new oil palm plantations in forested areas to support sustainability and maintain its current forest cover of 54%, plantations and commodities minister Johari Ghani said today. He said that palm fruits harvested from deforested areas will be barred from being processed at palm oil mills. Factories accepting such fruits will…
KUALA LUMPUR: Malaysian palm oil futures rose on Wednesday after closing at a seven-month low in the previous session, buoyed by a weaker ringgit but losses in rival Dalian contracts capped the gains. The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange gained 19 ringgit, or 0.51%, to 3,724 ringgit…
INDONESIA is planning for the widespread use of the palm-oil based B40 biodiesel in 2025, replacing the current B35 blending, the energy ministry said. The world’s biggest palm oil maker currently has a mandatory 35 per cent blend of palm oil-based fuel in biodiesel and is seeking to ramp up the new blend of 40…
Malaysian palm oil futures were little changed on Friday, as stronger Dalian and Chicago soyoil contracts offset weaker crude oil prices. The benchmark palm oil contract FCPO1! for October delivery on the Bursa Malaysia Derivatives Exchange was up 0.05% to 3,939 ringgit ($842.57) a metric ton by 0246 GMT. FUNDAMENTALS * Dalian’s most-active soyoil contract (DBYcv1) gained…
KUALA LUMPUR: Malaysia has secured over RM230 million in palm oil trade deals during Deputy Plantation and Commodities Minister Datuk Chan Foong Hin’s recent working visit to China. In a statement today, the Ministry of Plantation and Commodities (KPK) said Chan’s visit from July 8-12 to promote Malaysian agri-commodities in China has resulted in the…
