News
Malaysia Dec palm oil stockpiles seen falling 8.5%
KUALA LUMPUR (Jan 6): Malaysian palm oil stockpiles likely dropped to their lowest level in 27 months in December, with production and export demand for the tropical oil also falling, a Reuters survey showed. Inventories in the world’s second-largest palm oil producer are forecast to...
Palm oil welcomes 2020 with a bang!
KUALA LUMPUR, Jan 5 – The Malaysian palm oil industry is bullish on this year’s outlook for the sector amidst flattish production, depleting global vegetable oil inventories and growing demand for the commodity. The country’s palm oil production is projected at 19.3-19.5 million tonnes this year, lo...
What boycott? We still buy Malaysian palm oil, says Indian envoy
KUALA LUMPUR, Dec 11 — The Indian High Commisioner to Malaysia, Shri Mridul Kumar, today rubbished any incident of a palm oil boycott by India against Malaysia, when asked about the update on the reported disputes between the two nations. Speaking to Malay Mail, Mridul said that the Indian gove...
Certified palm oil could trade in higher prices
INDUSTRY players could see an increase in trading prices for Malaysian Sustainable Palm Oil (MSPO)-certified palm oil as the government sets a mandatory standard beginning 2020. The Malaysian Palm Oil Board (MPOB) DG Dr Ahmad Parveez Ghulam Kadir (picture) said the MSPO certification proce...
Global palm oil stocks to fall as output growth slows — analyst Fry
KUALA LUMPUR (Nov 21): Growth in palm oil production will slow in the next few years, helping reduce stockpiles and boost prices, leading industry analyst James Fry said on Thursday. Dry weather and lower fertiliser use — a move adopted by some growers to save costs — have affected output this year ...
India will always be dependent on Malaysia for palm oil — expert
KUALA LUMPUR (Nov 19): India will always be dependent on Malaysia for palm oil, as it is the cheapest edible oil in the world. Singapore-based Palm Oil Analytics owner and co-founder Dr Sathia Varqa said India is 74% dependent on edible oil imports, as the country is heavily dependent on rainwater f...
