News
Moderate recovery seen for Malaysia’s palm oil exports in 2021 — MPOC
KUALA LUMPUR (April 5): Malaysia’s crude palm oil (CPO) exports are expected to see a moderate recovery with CPO production reaching 19.6 metric tonnes (MT) in 2021, compared with 19.14 MT last year, the Malaysian Palm Oil Council (MPOC) said. Chief executive officer (CEO) Datuk Dr Wan Zawawi Wan Is...
CPO futures end higher on solid March exports data, stronger soybean oil
KUALA LUMPUR (March 31): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives reversed yesterday’s losses to end higher on Wednesday, propelled by a solid rise in palm oil exports for March 2021 and stronger soybean oil performance on the US Chicago Board of Trade (CBOT). Singapor...
MPOB: Grasp the opportunity to export red palm oil to China
KUALA LUMPUR (March 29): A golden opportunity has presented itself for Malaysian exporters as China announced the implementation of the Chinese Group Standard for Red Palm Oil on March 1, 2021, which enables buyers from the republic to import the commodity from Malaysia...
Soppoa: Sarawakians shun palm oil estate work despite decent wages
KUALA LUMPUR, March 28 — The Sarawak Oil Palm Plantation Owners Association (Soppoa) concurs with the Malaysian Palm Oil Association (MPOA) about many locals shunning the opportunity to be involved in this sector, even with good wages being offered. It is because of this that the industry has no oth...
World palm oil production to rebound, Malaysian output to decline 500,000 tonnes, says commodity expert
KUALA LUMPUR, March 24 — The world production of palm oil is likely to rebound by 3.2 million tonnes in the October 2020-September 2021 season, while Malaysian production is expected to decline 500,000 tonnes, said Oil World executive director Thomas Mielke. The Indonesian output is estimated to go ...
Palm oil prices expected to contract this year, say analysts
KUALA LUMPUR (March 24): Palm oil analysts project crude palm oil (CPO) prices to contract this year, saying a recovery in supply combined with the performances of other vegetable oils will bear weight on the commodity. Oil World editor and CEO Thomas Mielke expects prices to start declining in the ...
