Archived News

Unimech Group Bhd , a maker of industrial valves, expects income from exports business to account for more than half of its total revenue by 2020, as higher price of crude palm oil (CPO) drives output in key market Indonesia.

Don’t expect us to continue buying European products,” Malaysia’s former plantations minister Mah Siew Keong told reporters in January last year. His comments came just after he had accused the EU of “practising a form of crop apartheid.”

Malaysia on Saturday threatened to bring a World Trade Organisation (WTO) challenge if the European Union goes ahead with recommendations to phase out palm oil from transport fuel used in the bloc.

Deforestation, loss of bio-diversity, emission of greenhouse gases and global climate change have become the buzz words used by NGOs and other influential parties with self-interest to convince consumers to abandon the use of palm oil and turn instead to alternative vegetable oils such as sunflower, soybean and rapeseed, and thereby save the world from environmental disaster.

Leveraging on the digital platform to meet customer demand, Malaysia’s young entrepreneurs who dominated 40% of the country’s population are becoming more powerful in today’s business.

Malaysian palm oil futures charted a third consecutive week of declines on Friday evening on concerns over demand from top buyers China and India, though prices reversed some losses to end the trading day slightly higher.

The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday March 15.

Malaysian palm oil futures fell for a seventh consecutive session on Thursday to a three-month low, as concerns over slowing demand and rising production dragged down the market.q

Fiji and Papua New Guinea have signed a post-Brexit trade deal.

Chicago Board of Trade (CBOT) agricultural futures settled mixed on Thursday, with corn and wheat higher amid massive buying

Oil prices were steady on Friday amid support from ongoing supply cuts led by OPEC and U.S. sanctions on Venezuela and Iran, but weighed down by concerns that an economic slowdown will soon start denting growth in fuel demand

Asian stocks made modest gains on Friday, tracking improved global sentiment after UK lawmakers voted to delay Brexit and as a weaker yen supported Japanese shares, but a fresh flare up in U.S.-China trade concerns is expected to cap gains