Ringgit opens higher against US dollar on firmer oil prices
Dr Mohd Afzanizam Abdul Rashid expects the ringgit to remain soft as the tension in the Middle East has yet to subside.
Tue Oct 08 2024
Malaysia's economic growth to be affected if Palestine-Israel conflict escalates
If the scale of conflict widens, it would have significant impact, especially in rising of oil prices and trade supply chain disruption.
Tue Nov 28 2023
ECOSS system being upgraded, ready by mid-2024- KPDN
The Cooking Oil Price Stabilization Scheme (eCOSS) which is currently being upgraded by the Ministry of Domestic Trade and Cost of Living.
Thu Nov 02 2023
RON97, RON95 and diesel prices unchanged until Oct 4
The govt was maintaining the retail prices of RON95 and diesel to protect consumers from the real impact of oil price hikes, MOF said.
Wed Sep 27 2023
Top palm oil buyer India's May imports set to fall to 27-month low
The surprising drop in palm oil imports by India, the world's biggest importer of vegetable oils, could bring down palm oil prices.
Tue May 23 2023
India's March palm oil imports jump on discounts - Dealers
The rise in palm oil imports by India, could help Malaysia lower its stocks and support palm oil prices, the traders said.
Wed Apr 05 2023
Two-tier pricing system, coupons for packet cooking oil to be discussed next week - Minister
The proposals to set cooking oil prices and the use of subsidised purchase coupons for packet cooking oil will be discussed at the NACCOL meeting next week.
Tue Dec 06 2022
Current cooking oil prices to remain unchanged until Jan 7
The retail prices of cooking oil for the period Dec 8, 2022 to Jan 7, 2023 will remain unchanged, said KPDNHEP secretary-general Datuk Azman Mohd Yusof.
Thu Dec 01 2022
Ringgit appreciates vs US dollar in early trade
Stephen Innes said the steadier crude oil prices earlier this week have also provided support for the local note.
Thu Nov 24 2022
Palm oil prices seen ticking up as rains slash output and demand strengthens
Higher exports and lower production would help major palm oil producers Indonesia and Malaysia bring down inventories.
Tue Oct 25 2022
ANALYSIS: Asian farmers plant to boost palm oil output, seedling shortage slows pace
The seedlings shortfall could slow plantation, capping production growth and keeping palm oil prices elevated, industry officials said.
Mon Sep 19 2022
Gov't in talks with industry players on cooking oil price reduction
The government is carrying out negotiations with palm oil industry players to devise the best formula to expedite a reduction in supply prices.
Sat Jul 30 2022
Price of bottled cooking oil expected to drop soon - Nanta
The price of bottled cooking oil is expected to drop soon in line with the reduction in the raw cooking oil price from RM7,000 per metric tonne to RM3,600 per metric tonne this week.
Wed Jul 20 2022
Malaysia's inflationary pressure to remain stable with the receding global commodity prices: MIDF
MIDF Research said Malaysia's palm oil price has been trending downward below RM4,000 per tonne mark since early July 2022.
Tue Jul 19 2022
Special Task Force aims 10 per cent drop in price of cooking oil
The Special Task Force on Jihad Against Inflation is targeting a 10 per cent decrease in the price of cooking oil within the next two weeks following the drop in palm oil prices.
Mon Jul 18 2022