Archived News

KUALA LUMPUR: Primary Industries Minister Teresa Kok is optimistic that the palm oil price will improve in the coming months.

KUDAT (May 23): The Sabah Government has postponed with immediate effect the charging of assessment on palm oil processing plants, including those that plan to invest in the State.

KUALA LUMPUR (May 23): Malaysian palm oil futures fell more than 1% during the first half of trade on Thursday, hitting their lowest levels in a week, tracking weakness in related edible oils.

KUALA LUMPUR (May 23): Sime Darby Plantation Bhd (SDP), the world's largest palm oil plantation company by planted area, does not foresee India reducing palm oil imports from Malaysia despite a report saying it might trim some overseas orders.

On March 4, Sime Darby Plantation Bhd, the world’s largest palm oil plantation company by planted acreage, decided to amalgamate all its downstream assets globally into a rebranded entity, named Sime Darby Oils (SDO).

MUMBAI: India is set to grow soybeans on more land in the 2019 crop year as higher prices for the oilseed push some farmers to switch from cultivating competing commodities such as cotton and pulses, an industry official and dealers told Reuters.

KUALA LUMPUR: Malaysian palm oil futures closed nearly 2% down on Tuesday, retreating from a three-week high hit in early trade as technical selling and concern over higher than expected production weighed on prices.

SINGAPORE (May 23): Palm oil may test a support at RM2,034 per tonne, a break below that could cause a loss to RM1,967.

BRUSSELS/KUALA LUMPUR (May 23): European Union publishes in its official journal a regulation setting new criteria for the use of palm oil in biofuels.

KOTA KINABALU: Sabah’s oil palm industry received a shot in the arm with the recognition of Lahad Datu Palm Oil Industrial Cluster (POIC) as a palm oil tender port.

A decade ago, when palm oil prices were around twice what they are now, Darsini and her husband wanted a piece of the action.

Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, last week, urged the Federal Government to attach premium to palm oil production, saying its price is higher than refined petroleum oil’s.