Archived News

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.

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.

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.

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.

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.

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.

KOTA KINABALU: The 16th Annual Roundtable Conference on Sustainable Palm Oil has closed its curtains yesterday with over 850 representatives from the global palm oil industry agreeing to a newly ratified and adopted certification standard.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday Nov 15.

KUALA LUMPUR: Malaysian palm oil futures fell below the 2,000 ringgit level for the first time in three years on Wednesday, weighed down by losses in related edible oils on China's Dalian Commodity Exchange and lower than forecast year-end inventory levels.

GUANGZHOU, China/ BEIJING (Nov 14): Malaysian palm oil futures are expected to rebound next year after an extended slide through 2018 if an El Nino weather pattern predicted by experts reduces production, industry analyst Dorab Mistry said on Wednesday.

PUTRAJAYA (Nov 14): The Primary Industries Ministry has called for more research and development (R&D) on Oil Palm Trunk (OPT) as an alternative material for plywood production.

KOTA KINABALU (Nov 14): It is important to put facts above perception with regards to the image of palm oil that has been said to be “bad for health” especially among European consumers, says United Plantations Bhd Chief Executive Director Datuk Carl Bek-Nielsen.