Palm oil associations laud higher cess payment for mechanisation and automation
KUALA LUMPUR (March 4): Palm oil associations have lauded the government’s move to increase cess payment to fund investment in mechanisation and automation..... < read more >

BASF Achieves Palm Oil Commitment for 2020
BASF reached a milestone on its path toward sustainable palm. The company achieved its commitment to procure palm (kernel) oils exclusively from sources certified by the Roundtable on Sustainable Palm Oil (RSPO) by 2020. Last year, BASF purchased 227,213 metric tons of certified sustainable palm (kernel) oil representing 100% of its total volume as RSPO certified. BASF also made further progress in developing transparent supply chains: The company was able to trace almost 95% of its global palm .... < read more >

Malaysia end-Feb palm oil stocks seen up 7% as output recovers
KUALA LUMPUR (March 4): Malaysia's palm oil inventories at the end of February likely rose for a second straight month to touch 1.42 million tonnes, as production picked up for the first time in five months, a Reuters survey showed on Thursday..... < read more >

Pricey palm oil makes soaps costlier: Agrawal
Wipro arm says freight rates also hurt Wipro Consumer Care & Lighting said a dramatic increase in palm oil prices in the global markets, coupled with unusually-high freight charges during the pandemic, has led to an 8% increase in soap prices..... < read more >

CPO futures close higher, boost from soybean
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher today on the back of stronger overnight soybean oil price on the Chicago Board of Trade..... < read more >

Economics and Industry Development Division
Malaysian Palm Oil Board