Archived News

ROTTERDAM: Palm oil on the European vegetable oils market was firmer on Monday following gains in Malaysian palm oil futures, as a rally in energy markets triggered bargain buying and short covering after recent losses on the back of an improved output outlook.

Malaysian palm oil futures, ended higher on Monday, after five sessions of falls tracking strength in crude oil and US Chicago Board of Trade (CBOT) soyoil futures. The benchmark third month December contract moved as expected. The move to 2,300 MYR/tonne was not accompanied by good volumes and fizzled out.

At the behest of President Trump, The Commerce Secretary’s underlings are researching the extent to which auto imports threaten national security.

KUALA LUMPUR (Sept 24): Nestlé S.A. announced today its plan to implement a satellite-based service known as Starling to monitor 100% of its global palm oil supply chains

PETALING JAYA: Plantation players who are relatively new in the Indonesian market or those with significant plantable landbank in the country are likely to be impacted negatively by the moratorium on new palm oil development, according to PublicInvest Research.

KUALA LUMPUR: Companies making a late entry into the Indonesian plantation sector are hit with a big blow following its government’s move to sign a three-year moratorium on new palm oil plantation development and call for a review of existing plantation permits, analysts said.

The trade war between the US and China has escalated in recent days, and the likelihood of a near-term solution is quickly fading.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday at Sept 24.

KUALA LUMPUR: The implementation of the three-year moratorium on new palm oil plantation development and a review of existing plantation permits in Indonesia would be a big blow for late entrants to the industry.

PETALING JAYA: Despite the escalation in the US-China trade war which may dent exports of emerging markets, Malaysia is poised to maintain a trade surplus for this year and 2019, albeit slightly lower than in 2017.

BEING a major agricultural commodity producer in the region, Malaysia produces at least 168 million tonnes of biomass, including timber and oil palm waste, rice husks, coconut trunk fibres, municipal waste and sugarcane waste annually

SLIM RIVER: The Primary Industries Ministry has instructed the Malaysian Palm Oil Board (MPOB) to conduct immediate research to resolve the issue of bagworm infestation at several oil palm estates in the country.