Archived News
19-11-2018
Malaysian palm oil price resumes downward trend
BANGKOK: Malaysian palm oil futures fell about 1 percent on Friday, heading for an eighth session of declines in nine, due to rising inventories.
19-11-2018
US tiff clears China plate for soybean
China, the largest importer of soybean, is likely to open its door for the oilseeds from India following a tariff war with the US. Beijing had recently allowed India to export non-basmati rice, rapeseed and raw sugar to meet its growing demand.
19-11-2018
U.S.-China discord dominates APEC summit in Papua New Guinea
PORT MORESBY (Reuters) - The United States and China swapped barbs over trade, investment and regional security at an Asia Pacific Economic Co-operation (APEC) summit on Saturday, as growing fault lines among members suggested little prospect of consensus at the weekend meeting
16-11-2018
India's palm oil imports from Malaysia, Indonesia drop on weak rupee
MUMBAI: India's 2018/2019 palm oil imports dropped 6.4 percent from a year ago to 8.7 million tonnes as rupee depreciation and a credit crunch dented refiners' ability to buy overseas, a leading trade body said on Thursday.
16-11-2018
Palm oil supplier to PepsiCo, Mars, and Hershey resumes deforesting in Indonesia
A palm oil supplier to PepsiCo, Mars, Hershey and Johnson & Johnson has resumed clearing intact forest in West Papua, Indonesia, despite pressure by other major companies, many of which have since severed ties with the producer. The deforestation triggered a series of automatic alerts by Global Forest Watch, a satellite monitoring system operated by the World Resources Institute (WRI).
16-11-2018
Palm oil waste-fueled generators produce electricity in Kutai
Over 73,000 people in three districts in Kutai Kartanegara regency, East Kalimantan, have access to electricity generated from liquid palm oil waste or palm oil mill effluent (POME), an official at a local company said.
16-11-2018
Malaysia's Nov 1-15 palm oil exports rise 2.0% — AmSpec Agri
KUALA LUMPUR (Nov 15): Exports of Malaysian palm oil products for Nov 1-15 rose 2.0% to 549,488 tonnes from 538,607 tonnes shipped during Oct 1-15, according to independent inspection company AmSpec Agri Malaysia said on Thursday.
16-11-2018
Palm oil poised to retest support at 1,972 ringgit
SINGAPORE (Nov 16): Palm oil may have completed a weak bounce around a resistance at 1,996 ringgit per tonne. It is poised to retest a support at 1,972 ringgit.
16-11-2018
Sabah all out to get smallholders MSPO certified
KOTA KINABALU (Nov 15): The Sabah Government will go all out to assist the Federal government in getting oil palm smallholders achieve the Malaysian Sustainable Palm Oil (MSPO) certification, says Deputy Chief Minister Datuk Seri Wilfred Madius Tangau.
16-11-2018
Stop labelling palm oil before we talk about free trade, says Dr Mahathir
Free trade can’t happen if certain parties continue to label Malaysia’s palm oil, said Tun Dr Mahathir Mohamad as the Malaysian leader uses the Asean Summit to criticise countries that are trying to outlaw the country’s main commodity.
16-11-2018
Indonesia confirms Pakistan trade agreement to protect palm oil exports
JAKARTA: The Indonesian government is geared up to confirm a trade deal with Pakistan in order to protect $1.5 billion in annual palm oil exports to the South Asia region, a cabinet minister stated.
16-11-2018
Malaysian palm oil price struggles near 3-year low as stockpiles swell
MUMBAI: Malaysian palm oil futures on Thursday struggled to recover from a more than three-year low hit in the previous session, as rising inventories in the world's second-biggest producer weighed on the market and physical demand showed no signs of improvement despite a hefty price correction.