Malaysian Palm Oil Council Russia

Wishing all our Muslim colleagues Selamat Hari Raya Aidiladha.

Opening FCPO1 @ MYR3936/MT

CPO Prices Poised to Strengthen from June Onwards, Trading Between RM 3,900 to RM 4,150 https://www.mpoc.org.my/cpo-prices-poised-to-strengthen-from-june-onwards-trading-between-rm-3900-to-rm-4150/?utm_source=rss&utm_medium=rss&utm_campaign=cpo-prices-poised-to-strengthen-from-june-onwards-trading-between-rm-3900-to-rm-4150 Petaling Jaya, 14 June 2024 – In May, Malaysian palm oil stocks experienced a marginal increase of 0.5% to 1.75 million tonnes, despite a strong 13% rise in production. This […]

Philippines’ Rising Demand for Palm Oil in a Dynamic Economic Landscape https://www.mpoc.org.my/philippines-rising-demand-for-palm-oil-in-a-dynamic-economic-landscape/?utm_source=rss&utm_medium=rss&utm_campaign=philippines-rising-demand-for-palm-oil-in-a-dynamic-economic-landscape The Philippines Economy The Philippines concluded 2023 on a high note, emerging as the fastest-growing economy in ASEAN with a growth rate of 5.6%. In comparison, Malaysia grew by 3.7%, […]

CPO Export Duty July 2024

CPO production projected to increase https://www.mpoc.org.my/cpo-production-projected-to-increase/?utm_source=rss&utm_medium=rss&utm_campaign=cpo-production-projected-to-increase PETALING JAYA: The plantation sector will likely see the impact of the hot and dry weather spell more towards the later part of 2024, but total production of the year […]

The focal point of the business meeting was to fortify the partnership between Malaysia and Turkiye within the palm oil industry. This discussion holds paramount importance in strengthening business relations and uncovering avenues for market expansion. Given Turkiye's strategic location, it serves as a pivotal gateway for Malaysian palm oil and its derivatives to access European, Mediterranean, and Central Asian markets. The presence of esteemed dignitaries such as YB Datuk Seri Johari Abdul Ghani, Malaysia’s Minister of Plantation and Commodities, Ms. Belvinder Sron, MPOC’s CEO, Dato’Dr. Fouad, Chairman & Regional MD of Pacific Inter-Link, Datuk Dr. Ahmad Parveez Hj. Ghulam Kadir, Director General of MPOB, Mr. Ajay Kumar Singh, General Manager of MIP, and Dato’ Seri (Dr) Mohamed Azahari Kamil lent significant weight to the deliberations. PIL Group seized the opportunity to secure a long-term strategic lease for a liquid bulk terminal at Mersin International Port in Turkiye. This terminal, to be operated through our subsidiary, Pacific Bulk Terminal (PBT), is poised to substantially bolster PIL Group's market expansion endeavors within the region. By establishing this as a hub for edible oil cargo in the Mediterranean, it sets the stage for amplified business growth in Turkiye and neighbouring markets. This landmark agreement heralds a new chapter of market penetration possibilities and heightened Malaysian Palm Oil's visibility in Turkiye. Moreover, it underscores Malaysia's unwavering commitment to sustainable practices and proactive engagement in fostering business growth and collaboration.