JAKARTA — Indonesia's palm oil industry and farmer groups have urged the government to reduce export costs, to offset the impact of market distortion caused by the 32 per cent United States (US) reciprocal tariffs on Indonesia's exports.

KUALA LUMPUR, March 11 — Malaysia’s total palm oil stocks fell five per cent to 1.92 million tonnes at the end of February 2024 from 2.02 million tonnes in January 2024, according to the Malaysian Palm Oil Board (MPOB).

KUALA LUMPUR, March 7 — Palm oil industry players raised their concerns over the limited supply growth from both Indonesia and Malaysia, which could drive the crude palm oil (CPO) prices higher moving forward, said Public Investment Bank Bhd.

KUALA LUMPUR, March 3 — The synergy between industry players and smallholders can help the latter generate higher income and produce more fresh fruit bunches (FFB), said Plantation and Commodity Minister Datuk Seri Johari Abdul Ghani.

KUALA LUMPUR, Jan 24 — The ringgit is expected to stabilise against the US dollar at RM4.54-RM4.58 by the end of the year, driven by expectations of a softer greenback and lower US Treasury yields as the US Federal Reserve (Fed) embarks on a rate-cutting cycle in 2024.

KUALA LUMPUR, Jan 10 — Malaysia’s total palm oil stocks fell by 4.64 per cent to 2.29 million tonnes in December from 2.40 million tonnes in November, according to the Malaysian Palm Oil Board (MPOB).

KUALA LUMPUR, Jan 3 — Malaysian planters’ earnings in 2024 will likely be better than last year, owing to lower unit costs on lower fertiliser expenses and higher productivity, said Maybank Investment Bank (Maybank IB) today.

KUALA LUMPUR, Dec 22 — Fitch Ratings expects Malaysian benchmark crude palm oil (CPO) spot prices to average at US$650 per tonne in 2024, substantially lower than circa-US$840 per tonne in 2023 due to higher supply.

KUALA LUMPUR, Nov 1 — The Cabinet has agreed in principle with the proposed implementation of a two-tier pricing mechanism to control cooking oil prices, said Acting Domestic Trade and Cost of Living Minister (KPDN) Datuk Armizan Mohd Ali.

KUALA LUMPUR, Oct 11 — MIDF Research forecasts the average local crude palm oil (CPO) delivery price will close 4.4 per cent month-on-month higher at RM3,891 per tonne in October, due to moderate EL-Nino events.

NEW DELHI, May 12 — India imported more than 1.5 million tonnes of palm oil from Malaysia over the last six months.

KUALA LUMPUR, April 3 — The government has been urged to upgrade quickly the B10 biodiesel programme being implemented to B15 to ensure that Malaysia remains a key player and the benchmark for palm oil prices in the world.

KUALA LUMPUR, March 30 — The Ministry of Plantation and Commodities (KPK) said the government does not plan to regulate the price of Malaysian palm oil as a government-controlled product for now.

KUALA LUMPUR, March 11 — Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are projected to trade in a wider range of RM3,840 to RM4,260 next week, said Mumbai-based Sunvin Group commodity research head Anilkumar Bagani.

KUALA LUMPUR, March 10 — Malaysia’s total palm oil stocks dropped by 6.56 per cent to 2.11 million tonnes in February 2023 from 2.26 million tonnes recorded in the preceding month, said the Malaysian Palm Oil Board (MPOB).

KUALA LUMPUR, Feb 11 — Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade on an upward bias next week, palm oil trader David Ng said.

KUALA LUMPUR, Feb 10 — Malaysia’s total palm oil stocks rose 3.26 per cent to 2.27 million tonnes in January 2023 from the 2.20 million tonnes recorded in December last year.

KUALA LUMPUR, Feb 4 — Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade in yo-yo mode next week as traders await the Malaysian Palm Oil Board’s report for January 2023 production and exports during the mid-week.

PUTRAJAYA, Jan 26 — Malaysia will hold a meeting with the Indonesian government to discuss the republic’s intention to have its own crude palm oil (CPO) benchmark price, said Deputy Prime Minister and Minister of Plantation and Commodities Datuk Seri Fadillah Yusof.

NEW DELHI, Jan 12 — India imported 312,267 tonnes of palm oil from Malaysia in December 2022 while its overall global edible oil imports during the month topped 1.5 million tonnes.