Archived News

AROUND 12 years ago, Datuk Joseph Lim Heng Ee had the biggest setback in his career as an entrepreneur. Due to a lack of trust over how the company’s funds were managed, Lim was forced out from a biomass business he co-founded with two other partners.

Edible oil prices have fallen in the local market on the back of a price slump fuelled by higher global production and the US-China trade war, said processors and wholesalers.

Indonesian President Joko Widodo has signed prohibition order in a bid to curb the Southeast Asian country's serious deforestation problem

Wilmar hits back after Greenpeace says it buys from suppliers tied to deforestation

JAKARTA, Indonesia – Indonesia’s president has signed a moratorium on new palm oil development and ordered a review of existing plantations, an official said Thursday, in a blow to an industry blamed for environmental destruction and worker exploitation.

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives will likely remain in range-bound trading at between RM2,130 and RM2,170 next week, as traders may adopt a wait-and-see attitude, amid the ongoing trade tensions between the United States (US) and China, a dealer said.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday Sept 21.

KUALA LUMPUR: Malaysian palm oil futures fell to a three-year low on Thursday, weighed down by expectations of rising production and end-stocks in producer nations Indonesia and Malaysia.

JAKARTA: Indonesia's finance minister said the government aims to "persuade" exporters to keep earnings onshore and convert them into rupiah, rather than make this mandatory, amid confusion over a plan floated this week to support the ailing currency.

ROTTERDAM: Palm oil on the European vegetable oils market was lower on Thursday, following the weaker trend in Malaysian palm oil futures, which eased on expectations of increased production and growing palm oil stocks in both Malaysia and Indonesia.

JAKARTA: Indonesia's president has signed a moratorium on all new palm oil plantation development, an official said Thursday, in a move hailed by environmentalists.

KUALA LUMPUR: Malaysian palm oil futures fell to a three-year low on Thursday, weighed down by expectations of rising production and end-stocks in producer nations Indonesia and Malaysia.