News
CPO stocks fall in Nov 2021 on lower production, higher exports
KUALA LUMPUR: Malaysian crude palm oil (CPO) stocks for November 2021 fell 4.45 per cent to 942,354 tonnes from 986,239 tonnes recorded in the previous month on lower production while exports were higher, the Malaysian Palm Oil Board (MPOB) said today. It said the world’s second-largest palm o...
Matrade to lead Malaysian pavilion at Fi Europe 2021 in Germany, says trade commissioner
KUALA LUMPUR, Nov 29 — The Malaysia External Trade Development Corporation (Matrade) will be spearheading the promotion of Malaysia’s food ingredients (Fi) at the Fi Europe exhibition, which is scheduled to take place at Messe Frankfurt from November 30 to December 2, 2021. Matrade trade commi...
Indonesia’s 2021 palm oil exports, output to fall for second year — association
SINGAPORE (Nov 23): Indonesia’s palm oil exports and production in 2021 are both likely to fall for a second straight year, the vice chairman of the country’s palm oil association (GAPKI) said on Tuesday. The expected decline at the world’s top producer is due to a sharp drop of cr...
Council of Palm Oil Producing Countries to add four new members, says Zuraida
KUALA LUMPUR (Nov 16): The Council of Palm Oil Producing Countries (CPOPC) will add four new members, namely Colombia, Ghana, Honduras and Papua New Guinea, according to Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin. This would create a strategic al...
CPO futures end mostly higher on strong export data
KUALA LUMPUR (Nov 15): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended mostly higher on Monday (Nov 15), supported by strong export data for the first half of the month, a dealer said. Cargo surveyor Intertek Testing Services reported that palm oil export for Nov 1-15, ...
CPO stocks up 5.97% m-o-m in October, total palm oil stocks at 1.83 million tonnes — MPOB
KUALA LUMPUR (Nov 11): Malaysian crude palm oil (CPO) stocks in October 2021 rose 5.97% to 986,168 tonnes from the 930,654 tonnes recorded in the previous month, according to the Malaysian Palm Oil Board (MPOB). The processed palm oil inventory increased 2.69% month-on-month (m-o-m) to 847...
