2 days ago · Palm Oil News - Palmoilmagazine.com presents the latest Palm Oil News, Palm Oil Price, Palm Oil Updates, Palm Oil Trends - palm oil news updates

18 hours ago · PALMOILMAGAZINE, JAKARTA – Beyond its role as a key economic driver for Indonesia, palm oil (Elaeis guineensis) holds untapped potential that often goes unnoticed. While widely known for its oil production, this plant also offers aesthetic value, enhancing urban landscapes and combining ecological benefits with economic opportunities. The lush, towering palm leaves create a tropical ambiance ...

18 hours ago · PALMOILMAGAZINE, JAKARTA – The palm oil industry has been a key economic pillar in Indonesia and Malaysia since its expansion in the 1970s. Through the PIR (Perkebunan Inti Rakyat) scheme in Indonesia and FELDA (Federal Land Development Authority) in Malaysia, smallholder farmers have played an active role in plantation management. From an initial 300,000 hectares, Indonesia’s palm ...

Jan 12, 2025 · PALMOILMAGAZINE, KUALA LUMPUR – Once known as the world’s most affordable edible oil, palm oil has lost its low-cost advantage due to declining production in major producing countries and an oversupply of alternative edible oils. In November 2022, palm oil was sold at a discount of $782 per ton compared to soybean oil, but it now commands a rare price premium. In 2024, palm oil prices have ...

Dec 15, 2024 · PALMOILMAGAZINE, KUALA LUMPUR – The Council of Palm Oil Producing Countries (CPOPC) anticipates that palm oil prices will range between RM4,000 and RM5,000 per ton in 2025, driven by stagnant production in major markets such as Indonesia and Malaysia. “As global demand for palm oil increases, stagnant production is expected to create supply shortages, ultimately pushing prices higher ...

Sep 2, 2024 · PALMOILMAGAZINE, JAKARTA – Palm oil production in Indonesia, the world’s largest producer, may decline this year due to the dry season and aging trees.

2 days ago · PALMOILMAGAZINE, BOGOR – The efforts to optimize and accelerate the Rejuvenation of Smallholder Palm Oil (PSR) have received support from stakeholders in the palm oil industry, including the government. This was revealed during a discussion with the Smallholder Palm Oil Farmers Union (SPKS) in Bogor at the end of January 2025. The Chairman of SPKS, Sabarudin, explained the efforts of SPKS ...

Aug 28, 2024 · PALMOILMAGAZINE, KUALA LUMPUR – BMI, part of the Fitch Group, has revised its forecast for crude palm oil (CPO) contract prices in 2024, raising it to RM 3,850 per ton from the previous estimate of RM 3,750 per ton, reflecting a 2.67% increase. This adjustment suggests that the anticipated price drop in the second half of 2024 has not fully materialized. BMI also projects that CPO prices ...

Sep 30, 2024 · PALMOILMAGAZINE, INDIA – Dorab Mistry, Director of Godrej International, shared new projections for palm oil production and pricing for 2024 to 2025. He stated that while palm oil production in Indonesia saw a decline in 2023, improved climate conditions in 2024 suggest that production will stabilize. In Malaysia, palm oil production is expected to exceed previous forecasts, potentially ...

Apr 23, 2024 · PALMOILMAGAZINE, JAKARTA – PT Perkebunan Nusantara IV, also known as PalmCo, has officially assumed control of the largest palm oil cultivation area globally, spanning approximately 586,000 hectares. With ambitious plans to expand its plantation area to 708,000 hectares over the next decade, PalmCo is poised for significant growth. This expansion will be facilitated through a collaborative ...