Archived News

KAPIT: Bukit Goram assemblyman Jefferson Jamit Unyat on Wednesday attended a briefing on the potential and development plan for agriculture in Kapit conducted by the Agriculture Department.

The latest release of United States Department of Agriculture (USDA) maintained Indonesia 2017/18 palm oil production at 38.5 million tons, increasing 5 percent to 40.5 million tons in 2018/19.

Malaysia should quickly review the current crude palm oil (CPO) export duty structure to level the playing field with that of Indonesia's, if the new government's is committed to encouraging more value-added downstream businesses and raise the country's exports.

Crude palm oil prices went down by 0.30 per cent to Rs 595.50 per 10 kg in futures market today as speculators cut down positions in line with weak Malaysian palm oil prices and on muted spot demand.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday Aug 2.

KUALA LUMPUR: Malaysian palm oil futures rose over 1 percent on Wednesday evening, a third straight day of gains, on the back of technical buying and as the market turned bullish on forecasts that the world's top palm importer India is likely to receive below-normal monsoon rains in 2018.

ABOUT 60 volunteers from around the globe came together to support the Say Yes to Palm Oil awareness campaign at Universiti Putra Malaysia (UPM) in Serdang, Selangor.

KUALA LUMPUR: Malaysian palm oil futures rose over 1 per cent on Wednesday evening, a third straight day of gains, on the back of technical buying and as the market turned bullish on forecasts that the world’s top palm importer India is likely to receive below-normal monsoon rains in 2018.

JAKARTA: Indonesia aims to make the use of biodiesel blended fuels compulsory for all vehicles and heavy machinery from Sept. 1, Renewable Energy Director General Rida Mulyana said on Wednesday, amid efforts to reduce the current account deficit in Southeast Asia's biggest economy.

MUMBAI: India is likely to receive below-normal monsoon rains in 2018, a private weather forecaster said on Wednesday, raising concerns over farm output and economic growth in Asia's third-biggest economy, where half the farmland lacks irrigation.

It said the acquisition represents a move to replace some of BPB group’s plantation land in Peninsular Malaysia which were disposed in recent years with sizable plantation lands in Sabah at a lower cost.

KUALA LUMPUR: A specific mission to the European Union (EU) can help solve the challenges facing Malaysia’s palm oil industry, says Belgium’s ambassador to Malaysia.