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Malaysia palm oil stocks shrink as exports jump

Malaysia palm oil stocks shrink as exports jump

Stock drops may fuel a rally in benchmark futures, now hovering near two-year highs.
Tue Nov 12 2024
Malaysia’s palm oil exports climb 0.93 pct to 1.54 mln tonnes in September - MPOB

Malaysia’s palm oil exports climb 0.93 pct to 1.54 mln tonnes in September - MPOB

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.
Thu Oct 10 2024
Malaysian palm oil stocks up 0.5 pct to 1.75 mln tonnes in May - MPOB

Malaysian palm oil stocks up 0.5 pct to 1.75 mln tonnes in May - MPOB

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.
Mon Jun 10 2024
[COLUMNIST] Are we ready to elevate the quality standard of crude palm oil?

[COLUMNIST] Are we ready to elevate the quality standard of crude palm oil?

The national palm oil extraction rate could potentially be impacted if the recycling of secondary oil to CPO is prohibited.
Mon Apr 01 2024
Govt to allow plantation sector to hire foreign workers - Johari

Govt to allow plantation sector to hire foreign workers - Johari

Foreign workers are no longer allowed to enter the country except for plantation industry.
Tue Jan 23 2024
Malaysia's palm oil stocks fall 4.64 pct to 2.29 mln tonnes in December

Malaysia's palm oil stocks fall 4.64 pct to 2.29 mln tonnes in December

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.
Wed Jan 10 2024
EU must recognise palm oil producing countries’ efforts in meeting EUDR - PM

EU must recognise palm oil producing countries’ efforts in meeting EUDR - PM

Malaysia, Indonesia and Thailand have taken aggressive and responsible measures to comply with the regulation.
Wed Nov 08 2023
Malaysia 2024 palm oil output to rise despite El Nino - govt

Malaysia 2024 palm oil output to rise despite El Nino - govt

The forecast reverses the MPOB's May prediction that 2024 production could drop between 1 and 3 million metric tons.
Thu Sep 28 2023
EUDR will not affect palm oil growth, revenue - MPOB

EUDR will not affect palm oil growth, revenue - MPOB

Mohamad Helmy Othman Basha said Malaysia exported about 1.5 mln tonnes to the EU from a total production of about 20 mln tonnes last year.
Wed Jun 14 2023
Malaysia palm oil stocks could fall below 2 mln T by end April - MPOB

Malaysia palm oil stocks could fall below 2 mln T by end April - MPOB

Palm oil inventories in Malaysia are also falling as heavy rainfall restricted production growth, Ahmad Parveez said.
Wed Mar 08 2023
Strategy to fight anti-palm oil lobby with Indonesia will put pressure on EU

Strategy to fight anti-palm oil lobby with Indonesia will put pressure on EU

MPOB said the move may be one option that the world's two biggest palm oil producers could undertake to fight the discrimination by the EU.
Sat Jan 14 2023
Fadillah briefed on Malaysia's oil palm industry's development

Fadillah briefed on Malaysia's oil palm industry's development

Deputy Prime Minister and Minister of Plantation and Commodities, Datuk Seri Fadillah Yusof has attended a briefing of the Malaysian Palm Oil Board (MPOB).
Fri Dec 23 2022
ANALYSIS: Asian farmers plant to boost palm oil output, seedling shortage slows pace

ANALYSIS: Asian farmers plant to boost palm oil output, seedling shortage slows pace

The seedlings shortfall could slow plantation, capping production growth and keeping palm oil prices elevated, industry officials said.
Mon Sep 19 2022
Smallholders urged to join sustainable oil palm growers cooperatives

Smallholders urged to join sustainable oil palm growers cooperatives

Zuraida has urged smallholders to be part of the KPSM to enable the MPOB to monitor and resolve their problems better.
Sat Sep 03 2022
Govt urges palm oil millers to resume operations immediately

Govt urges palm oil millers to resume operations immediately

Wee Jeck Seng said the halt in operations would affect existing stocks and have a negative impact on smallholders.
Tue Jun 28 2022
Former New Zealand PM Jacinda Ardern receives UN leadership award

Former New Zealand PM Jacinda Ardern receives UN leadership award

Former New Zealand prime minister Jacinda Ardern was given a global leadership award by the United Nations Foundation.
Fri Nov 22 2024
ICC'S arrest warrants for Netanyahu, Gallant an apt decision - PM

ICC'S arrest warrants for Netanyahu, Gallant an apt decision - PM

The decision of the ICC to issue arrest warrants against Benjamin Netanyahu and Yoav Gallant is apt, said Datuk Seri Anwar Ibrahim.
Fri Nov 22 2024
KTMB provides two additional ETS trains for Christmas, school holidays

KTMB provides two additional ETS trains for Christmas, school holidays

KTMB will provide two additional ETS trains for the KL Sentral-Padang Besar route and return trips in conjunction with the holidays.
Fri Nov 22 2024
BNM'S international reserves rise to USD118 bil as at Nov 15, 2024

BNM'S international reserves rise to USD118 bil as at Nov 15, 2024

Malaysia's international reserves rose to US$118.0 billion as at Nov 15, 2024, up from US$117.6 billion on Oct 30, 2024.
Fri Nov 22 2024
Findings by dark energy researchers back Einstein's conception of gravity

Findings by dark energy researchers back Einstein's conception of gravity

The findings announced are part of a years-long study of the history of the cosmos focusing upon dark energy.
Fri Nov 22 2024
NRES responds to Rimbawatch press release on COP29

NRES responds to Rimbawatch press release on COP29

The Ministry of Natural Resources and Environmental Sustainability (NRES) wishes to offer the following clarifications to the issues raised.
Fri Nov 22 2024
Online Safety Bill and Anti-Cyberbullying Laws must carefully balance rights and protections

Online Safety Bill and Anti-Cyberbullying Laws must carefully balance rights and protections

The Online Safety Advocacy Group (OSAG) stands united with people in Malaysia in the fight against serious online harms.
Fri Nov 22 2024
Malaysia's inflation at 1.9 pct in Oct 2024 - DOSM

Malaysia's inflation at 1.9 pct in Oct 2024 - DOSM

Malaysia's inflation rate for October 2024 has increased to 1.9 per cent, up from 1.8 per cent in September this year.
Fri Nov 22 2024
Saudi Arabia showcases Vision 2030 goals at Airshow China 2024

Saudi Arabia showcases Vision 2030 goals at Airshow China 2024

For the first time, Saudi Arabia is participating in the China International Aviation & Aerospace Exhibition held recently in Zhuhai.
Fri Nov 22 2024
King Charles' coronation cost GBP 71mil, govt accounts show

King Charles' coronation cost GBP 71mil, govt accounts show

The coronation of Britain's King Charles cost taxpayers GBP72 million (US$90 million), official accounts have revealed.
Fri Nov 22 2024