CPO

MPOC attributed the elevated prices to market uncertainties and a significant year-over-year decline in Malaysia's palm oil inventories.

Malaysia's crude palm oil production fell by 3.8 pct, down to 1.82 million tonnes in September 2024 from 1.89 million in August.

MPOB said the country's crude palm oil (CPO) stocks rose 1.59 per cent to 979,352 tonnes in May from 964,049 tonnes recorded in April.

The imports from Malaysia comprised 50,181 tonnes of refined, bleached, and deodorised palmolein and 227,649 tonnes of crude palm oil.

The national palm oil extraction rate could potentially be impacted if the recycling of secondary oil to CPO is prohibited.

The focus should be on producing an abundant supply of sustainable vegetable oil to meet the needs of the growing world population.

MPOB said crude palm oil (CPO) inventory decreased by 9.43 per cent to 1.20 million tonnes last month from 1.32 million tonnes in November.

The mission to meet the EU is a joint mission with Indonesia, which is the biggest producer of palm oil.

The mission to the EU is a joint mission with the Government of Indonesia under the Council of Palm Producing Countries.

Fadillah said the matter needs to be discussed jointly as Indonesia's plans will affect the entire oil palm industry chain, not just Malaysia.

Demand for Malaysia's CPO is expected to remain stable despite the Indonesian govt's recent decision to extend its export levy waiver.

India imported 353,556 tonnes of palm oil from Malaysia last month.

With CPO prices probably having peaked, planters - whether smallholders or listed plantation firms - should focus on long-term prospects.

This is due to the resumption of Indonesia's palm oil export levy beginning Sept 1, and the expected decline in palm oil production in Q4.

Malaysia is reportedly facing a significant labour shortage in the manufacturing, plantation and construction industries.

The coronation of Britain's King Charles cost taxpayers GBP72 million (US$90 million), official accounts have revealed.

A married couple and a man were charged in the Magistrate's Court here today with trafficking 51.974 kilogrammes of Methamphetamine.

The police may seek new testimony from existing witnesses for additional insights into the investigation of Teoh Beng Hock's death.

Thailand's Constitutional Court rejects a petition seeking to stop Thaksin Shinawatra from interfering in the running the Pheu Thai party.

The State Assemblyman for Sungai Bakap, Abidin Ismail, was sworn in today at the State Assembly building, Lebuh Light.

A cadet officer at UPNM pleaded not guilty to a charge of injuring his junior by stomping on the victim's stomach with spike boots.

The indictment was unsealed on Nov. 20, prompting a $27 billion plunge in Adani Group companies' market value.

Several countries have already vowed to curb social media use by children through legislation, but Australia's policy could become one of the most stringent.

Bondi was the top law enforcement officer of the country's third most populous state from 2011 to 2019, and served on Trump's Opioid and Drug Abuse Commission during his first administration.

At 8 am, the local currency climbed to 4.4600/4700 against the greenback.