News
Malaysian palm oil industry has to focus on increasing yields, says MPOA CEO
KUALA LUMPUR (July 20): The Malaysian palm oil industry needs to focus on increasing its yields in order to remain competitive. In a panel discussion on palm oil during the second round of Invest Malaysia 2020 virtual conference, Malaysian Palm Oil Association (MPOA) chief executive officer Dat...
Malaysia’s palm oil, palm-based product exports estimated at RM65-70b for 2020
– KUALA LUMPUR (July 16): Malaysia is expected to export palm oil and palm-based products valued at between RM65 billion and RM70 billion this year compared to RM63.73 billion in 2019. Plantation Industries and Commodities Minister Datuk Dr Mohd Khairuddin Aman Razali said the commodity’s perf...
HoReCa sector holds key for palm oil demand in India — MPOC official
KUALA LUMPUR (July 15): While retail consumption in India is on the rise and is expected to inch up further in the coming festive season, it is the hotel, restaurant and café (HoReCa) sector that holds the key for palm oil demand, according to a Malaysian Palm Oil Council (MPOC) official. Country re...
Malaysia CPO production expected to top 20 million tonnes in 2020
KUALA LUMPUR (July 15): Crude palm oil (CPO) production in Malaysia is expected to top 20 million tonnes this year. In a note, UOB Kay Hian Research’s Leow Huey Chuen and Jacquelyn Yow, who had a conference call with Godrej International’s veteran industry analyst Dorab Mistry, said Malaysia’s CPO p...
Malaysia’s palm oil stock falls 6.33% to 1.9 million tonnes in June 2020
KUALA LUMPUR (July 10): Malaysia’s total palm oil stock decreased by 6.33% month-on-month (m-o-m) to 1.9 million tonnes in June 2020 from 2.03 million tonnes in May 2020, the Malaysian Palm Oil Board (MPOB) said today. In a statement today, the industrial regulator said processed palm oil stoc...
India’s palm oil imports climb to 5-month high on low stockpiles
NEW DELHI (July 7): Palm oil imports by India climbed to a five-month high in June as traders and refiners in the world’s biggest buyer increased purchases to replenish stockpiles. Inbound shipments increased 45.5% from a month earlier to 562,932 tons, the Solvent Extractors’ Association of India sa...
