KUALA LUMPUR( Reuters)-Malaysian palm oil futures hit an over one-week low on Friday and logged a second straight weekly loss, hit by expectations of higher supply from major producers Indonesia and Malaysia. The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange slid RM113, or 2.57%, to RM4, 279 a tonne, its lowest since Sept.... 2. Palm had earlier declined as much as 3.2% after a report by the Malaysian Palm Oil Board( MPOB) that surpassed industry s

JAKARTA: Indonesia as of Friday has issued export permits for a total of 275, 454 tonnes of palm oil products, senior Trade Ministry official Oke Nurwan said, since allowing exports to resume in late May. The permits were granted to 21 companies mostly for refined, bleached and deodorised( RBD) palm oil and olein, he said.... The export allocation rose from a total of 179, 464 tonnes a day earlier. The world's top palm oil producer Indonesia imposed an export ban on the widely used vegetable oi

Palm oil, which is found in many consumer products from potato crisps to soap, has been linked by environmentalists to land clearance, habitat destruction and forest fires.... The BPDP has also teamed up with Indonesia's Teachers Association to conduct workshops for teachers across the archipelago to" Unravel Myths and Facts" about palm oil.... That has prompted Indonesia's palm industry to try to counter what it sees as one-sided information spreading at home, Toggar Sitanggang, the vice chai

JAKARTA: Indonesia's palm oil price should not be dictated by the external market, its trade minister said on Thursday, backing his decision to expand palm oil export curbs at a time of surging global prices from a global supply crunch. The world's top palm oil exporter shocked the market a day earlierby announcing that palm companies must sell 30% of their planned exports at home, up from 20%, which sent Malaysian benchmark prices soaring by 10%. Malaysian benchmark prices FCPOc3 climbed 30% in

We are paying a price for Indonesia policy flip-flops.... Every vegetable oil is going through the roof....

But mounting employment costs mean Malaysia risks losing that edge and potentially ceding market share to Indonesia. The increased costs, alongside record-high fertilizer prices affecting both countries, pushed the key commodity to an all-time high in October.... Thousands of them flew home throughout the pandemic while Malaysia closed borders and stopped issuing new work permits to control the spread of the new coronavirus.... Hundreds of undocumented workers were also deported.As a result, M