Indonesia aims to accelerate its palm oil replanting programme to double the area it covered between 2017 and 2022 in an effort to maintain production, a government official said on Tuesday (May 30).

Indonesia aims to replant 540,000ha of smallholder palm plantation by 2024

The government will fight against any discriminatory trade practices against Malaysia’s agricommodity sector, says Deputy Prime Minister and Plantation and Commodities Minister Datuk Seri Fadillah Yusof.

Malaysia to fight discriminatory trade practices against its agricommodity sector, says DPM Fadillah 

Malaysia and Malaysians should adopt a ‘hand in glove’ strategy to defend palm oil, specifically, and agricommodity products at large against unjust regulations, Deputy Prime Minister and Minister of Plantation and Commodities’ Datuk Seri Fadillah Yusof said.

DPM Fadillah urges united front in defending Malaysia’s palm oil, agricommodity products

Crude palm oil (CPO) futures on the Bursa Malaysia Derivatives market are expected to trade lower on higher output in the coming weeks.

Palm oil trader David Ng said CPO output is expected to increase in line with seasonal patterns, which may weigh down sentiment of market players to buy the commodity.

CPO futures expected to trade lower next week

The Malaysian and Indonesian governments are expected to engage with the European Union's (EU) top leader on the implementation of the European Union Deforestation Regulation (EUDR) during a joint mission under the Council of Palm Producing Countries (CPOPC).

Malaysia, Indonesia to engage with EU on implementation of deforestation regulation during joint mission

KUALA LUMPUR (May 25): The Malaysian Palm Oil Board (MPOB) is conducting research and development (R&D) to produce a variety of oil palm trees that are tolerant to low rainfall, said its director general Ahmad Parveez Ghulam Kadir.

MPOB producing high water-use efficiency trees to protect future palm oil yield

Malaysia's crude palm oil production could drop between one and three million tonnes next year due to the El Nino weather pattern, the Malaysian Palm Oil Board (MPOB) said on Thursday (May 25).

Malaysia's palm oil production seen falling in 2024 due to El Nino — MPOB

The imposition of sales tax by the state governments of Sabah and Sarawak is the main factor that causes the price of fresh palm oil fruit bunches (FFB) in those two states to be lower than Peninsular Malaysia, said the Ministry of Plantation and Commodities (KPK).

Sabah, Sarawak sales tax main reason why palm oil fruit bunches cost less compared to Peninsular Malaysia, says ministry

MUMBAI (May 23): India's palm oil imports in May are set to fall to their lowest in 27 months as its rare premium other edible oils prompted buyers to cancel cargoes and replace them with soyoil and sunflower oil, dealers and cargo surveyors said on Tuesday (May 23).

The surprising drop in palm oil imports by India, the world's biggest importer of vegetable oils, could bring down palm oil prices. Malaysia and Indonesia, the two largest global producers, may lower their palm oil offers to regain market share from other edible oils.

India's May palm oil imports set to hit 27-month low

KUALA LUMPUR (May 22): Maybank Investment Bank Research has maintained its “neutral” call on the regional plantation sector and said that El Nino’s impact on the price of crude palm oil appeared more subdued in the recent past, compared to two decades ago.

Maybank IB stays neutral towards the impact of El-Nino on regional plantations and CPO prices

Palm oil prices will soften between 2025 and 2027 and slide to RM2,200 per tonne, said BMI, a Fitch Solutions company.

In a report last Friday (May 19), BMI said it is keeping its average annual price forecasts for palm oil, maintaining that third-month palm oil futures will trade at a mean value of RM3,800 per tonne through 2023 before easing to an average level of RM3,400 per tonne through 2024.

BMI: Palm oil prices will soften between 2025 and 2027, slide to RM2,200 per tonne

Malaysia has maintained its June export tax for crude palm oil at 8% and raised its reference price, a circular on the Malaysian Palm Oil Board website showed on Thursday (May 18).

Malaysia keeps June crude palm oil export duty at 8%, raise reference price

Deputy Prime Minister Datuk Seri Fadillah Yusof said the past global crises have revealed that palm oil, as an affordable vegetable oil, is crucial for food security and energy production.

Fadillah: CPO prices to stay strong this year as past crises proof palm oil crucial for food, energy supply

KUALA LUMPUR (May 16): Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended lower for the second straight day on Tuesday (May 16), due to a higher production outlook for May and beyond.

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