Archived News
28-05-2019
VEGOILS-Palm oil in line to snap three-session losing streak
- Malaysian palm oil futures rose 1% in early trade on Monday, following three previous sessions of losses. Benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was last up 1.1% at 2,036 ringgit ($486.73) per tonne.
28-05-2019
Oil palm folk glad proposed property tax cancelled
Oil palm planters in Sabah are delighted with Chief Minister Datuk Seri Mohd Shafie Apdal’s announcement at a dialogue with business entrepreneurs in Sandakan that a proposed property assessment tax (PAT) on palm oil mills and labour quarters will not be implemented.
28-05-2019
Imported Palm Oil ‘Ll Cripple Local Industries – Okomu MD
Growth of local industries in the oil palm sector is doomed following heavy importation of foreign brands, with a clear danger that a crash is imminent.
28-05-2019
Palm oil may bounce to RM2,049
Palm oil may bounce more to RM2,049 per tonne, as it has broken a resistance of RM2,026.
28-05-2019
Activists sue Bollore over conditions at Cameroon palm oil plantation
A group of 10 non-governmental organisations (NGOs) are suing French conglomerate Bollore in a French court over commitments it made to residents and workers at its palm oil plantation in Cameroon.
28-05-2019
VEGOILS-Palm snaps losing streak, tracking strength in overnight soyoil
Market earlier rose as much as 1.5% * Stronger export data also supports market - trader * Palm oil may bounce to 2,049 rgt/T - techs (Updates with closing prices, comment) By Emily Chow
28-05-2019
BASF, The Estee Lauder Companies, Solidaridad and RSPO team up for new sustainable palm oil project
BASF, The Estee Lauder Companies and the Roundtable on Sustainable Palm Oil have announced that they are partnering with Solidaridad to promote sustainable palm oil and palm derivatives production in the district of Waykanan, Lampung, Indonesia.
28-05-2019
US$40m lost to oil palm smuggling annually; thousands of jobs in danger
Government loses an estimated US$40million annually from the smuggling of oil palm products into the country through unapproved routes.
28-05-2019
Malaysia's May 1-25 palm oil exports rise 8.3% — Amspec Malaysia
Malaysia's May 1-25 palm oil exports seen at 1,365,512 tonnes versus April 1-25 at 1,260,622 tonnes, according to Amspec Malaysia.
28-05-2019
Lynas says its WLP residue can be used in fertilisers, reduce imports of phosphate
The Water Leach Purification (WLP) residue from the Lynas Malaysia plant could be used in fertilisers and help reduce imports of rock phosphate, says the company's representatives.
27-05-2019
Govt still positive on palm oil certification target: Kok
The Government is still positive on the target to ensure that 5.85 million hectares of palm oil plantations nationwide achieve the Malaysian Sustainable Palm Oil (MSPO) certification by year-end, Primary Industries Minister Teresa Kok (pic) said.
27-05-2019
Palm oil regulator to create separate standards for smallholders
A global palm oil industry watchdog is planning a separate standard for smallholders to help them adopt sustainable practices and get green certification, the Indonesian director of the Roundtable on Sustainable Palm Oil (RSPO) said.