Franky Widjaja, head of one of the world’s biggest palm plantation companies, warned that the European Union’s plans to restrict use of the tropical oil in biofuel will misfire as the move will hurt growers and jeopardize future supplies of the vegetable oil.

Malaysia today accused the EU of launching a “trade war” over a plan to curb the use of palm oil in biofuels and threatened retaliatory action at the WTO.

Indonesia's success in turning crude palm oil into high-quality biofuel has stirred a hornet’s nest in the European Union market.

Malaysian palm oil futures fell to their lowest in more than five months on Monday as U.S. President Donald Trump's threats to increase tariffs on Chinese imports risked prospects of a trade deal, sending commodities and stock markets lower.

Malaysian palm oil futures opened to trade at five-month lows on Monday morning, following weakness in global commodities and stock markets after US President Donald Trump announced on Sunday that he would hike tariffs on US200 billion worth of Chinese goods

Selfridges has become the first major UK retailer to make its own-brand foods completely free of palm oil, nine months ahead of its original target and as part of its long-term sustainable strategy.

July Malaysian Palm Oil: Malaysian palm oil futures represent the largest world crop used for vegetable oil, and the July contract fell 108 ringgits last week to a new contract low of 2,010, which is also near its lowest price in 11 years on a monthly chart. Even though USDA estimates palm oil production up 3% in 2018-19, world demand for vegetable oil is estimated up 4%, a good reason for prices to find support at these cheaper levels. Technically, it is impressive that the monthly stochastic shows signs of bottoming, and prices are holding above the 2015 low of 1,863 ringgits

Oil palm plantations in the state of Sabah, Malaysian Borneo can lose millions from damaged crops due to elephant raids, while smallholder farmers can lose their livelihoods overnight to an elephant herd.

Inventories est. -7% m-o-m, +25% y-o-y to 2.72 million tons at end-April, CIMB regional head of agribusiness Ivy Ng says in May 3 report.

Palm oil is expected to seek a support range of RM1,940-1,967 per tonne and stabilize around it.