Archived News

THE Department of Agriculture (DA) will resubmit its recommendations for the coconut industry which include the increase of coconut content in biodiesel as well as the imposition of quantitative restrictions on palm olein from Malaysia and Indonesia, Secretary Emmanuel F. Piñol said on Sunday.

PALM oil is an important commodity as it contributes almost four per cent to the country’s gross domestic product amounting to approximately RM45 billion per year.

KUALA LUMPUR: Federal Land Development Authority (Felda) is seeking committed investors to maximise potentials at its marginal land.

CHINESE Vice Premier Liu He wrapped up the trade talks in the White House on Friday. President Donald Trump commented on a positive outcome but says the deadline on March 2 was not a “magical date” to complete negotiations between the two countries. In fact, the leaders have proposed to extend the trade talks in order for President Trump and President Xi Jinping to meet in late March in Florida. Meanwhile, China has agreed to buy US$1.2 trillion of US goods.

The Agriculture Department will resubmit to the Office of the Executive Secretary on Tuesday its recommendations to address the low prices of copra in the country.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday Feb 22.

SINGAPORE: Singapore-listed commodity trader Wilmar International Ltd posted on Thursday a more than 50 percent fall in fourth-quarter net profit from a year earlier, mainly due to a provision linked to sugar milling assets in Australia.

KUALA LUMPUR: Malaysian palm oil futures recovered from a one-month low on Thursday, tracking strength in U.S. soyoil and snapping two sessions of declines.

KUALA LUMPUR (Feb 21): The palm oil sector remains fundamentally strong but more focus should be placed on the greater adoption of mechanisation and automation to further improve productivity of both the big players and smallholders, said Dr Shariman Alwani, who is head of strategy, innovation and renewables at Sime Darby Plantation Bhd.

KUALA LUMPUR, Feb 21 — The fundamentals of the palm oil industry will continue to be strong in 2019 as structural issues such as inventories, pricing and government policies, particularly the biodiesel mandate, are resolved, says Sime Darby Plantation Bhd.

KUALA LUMPUR: Local tourist guides can play an important role in disseminating positive messages to help tourists understand about Malaysian palm oil and related products, said Minister of Primary Industries Teresa Kok Suh Sim.

Primary Industries Minister Teresa Kok is "very concerned" by reports that an oil palm plantation is being developed near the Mulu National Park in Sarawak.