Archived News

KUALA LUMPUR: The use of B10 biodiesel in the transportation sector can help the government save RM10.7 million in subsidies annually, if it is successfully implemented, said Primary Industries Minister Teresa Kok Suh Sim.

SINGAPORE: Indonesia has enforced mandatory use of diesel containing 20 percent locally produced biofuel amid steps to rein in its fuel bill and cushion the impact on its economy of a currency crisis and higher oil prices, a government official told Reuters.

JAKARTA - Malaysian palm oil futures fell by the midday break on Tuesday, stepping back from a nearly 2 percent rebound a day earlier, as weak demand persisted while lower U.S. soybean prices compounded the market's woes.

SINGAPORE (Oct 31): Palm oil may fall to 2,138 ringgit per tonne, as suggested by its wave pattern and a projection analysis.

Prior to 2002, Pakistan was importing palm oil from Malaysia alone. Over the years, Indonesia’s share of palm oil has crept up to over 80 percent of Pakistan’s palm oil imports, as per Peoc (Pakistan Edible Oil Conference). Though this represents roughly a global picture, with Indonesian palm oil snagging Malaysia’s share in the international market, the truth is a lot more intertwined.

JAKARTA/KUALA LUMPUR (Oct 30): Malaysian palm oil futures fell on Tuesday on weak demand and lower U.S. soybean prices, failing to sustain Monday's 1.8% gain, which had broken a run of four consecutive losses.

KUALA LUMPUR: Robust fresh fruit bunch (FFB) production growth is a potential earnings catalyst for TSH Resources Bhd moving forward, analysts say.

JAKARTA, Oct 30 (Reuters) – * Indonesia will keep export taxes for crude palm oil (CPO) and cocoa unchanged for November from this month, Trade Ministry document showed on Tuesday.

[HAMBURG] China is likely to buy a wider range of processed vegetable oils and animal feed meals on global markets in the coming weeks as the US/China trade war continues to reduce supplies of soybeans for China's oilseeds processing industry, Hamburg-based oilseeds analysts Oil World said on Tuesday.

SINGAPORE (Oct 30): Palm oil may end its current bounce around a resistance at RM2,202 per tonne and then resume its downtrend from RM2,265.

Malaysia’s palm oil production is able to fill the shortage of edible oil in China as a result to its global trade conflict with the US.

TEMPO.CO, Jakarta - President Joko Widodo (Jokowi) opened the 14th Indonesian Palm Oil Conference (IPOC) and 2019 Price Outlook held in Nusa Dua, Bali, on Monday and called on stakeholders to increase palm oil production.