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KUALA LUMPUR: Palm oil for September delivery drops as much as 2.3% to RM2,253 a tonne on Bursa Malaysia Derivatives, lowest intraday level for most-active contract since July 2016.

Indonesia and Malaysia together account for nearly 85% of global palm oil production. This oil is commonly used in processed foods, cosmetics and biofuels, and while it is inexpensive, the environmental and social costs are high. Each year, thousands of hectares of rainforest disappear in order to meet the growing demand for the oil worldwide. In 2012, Indonesia had the highest deforestation rate in the world, according to a study published in 2014 in Nature Climate Change.

A study by Zurich's EPFL university and the Swiss Federal Institute for Forest, Snow and Landscape Research warned Tuesday that intensively farming palm oil detrimentally impacts global rainforests and is also associated with a large carbon footprint.

PETALING JAYA: The Malaysian Palm Oil Council (MPOC) does not foresee any downturn in China's purchase of palm oil from Malaysia.

PETALING JAYA (June 19): The Malaysian Palm Oil Council (MPOC) is elated on the latest development in the European Union (EU) which deferred the proposed total ban on palm biofuel to 2030 from the earlier date of 2021.

BL Research Bureau The uptrend in Crude Palm Oil (CPO) prices that has been in place since last August, seems to be losing momentum. The CPO futures contract on the Multi Commodity Exchange (MCX) made a high of ₹673 per 10 kg on May 22, and has come off from there.

New Delhi, Jun 19 () Crude palm oil prices fell by another 1.06 per cent to Rs 630.60 per 10 kg in futures trade today as speculators engaged in cutting down their bets, tracking a weak trend overseas and low demand at the domestic spot markets.

KUALA LUMPUR: Malaysian palm oil futures saw their sharpest decline in a week at the close of trade on Monday evening, on the back of weaker export demand and a fall in crude oil prices.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday June 19.

Since coming to office, Malaysia’s new prime minister Mahathir Mohamad has been impressively active, regardless of the fact that he is the world’s oldest head of government at 92.

KUALA LUMPUR: Bilateral trade between Malaysia and China is expected to exceed US$100 billion (RM399.75 billion) this year, higher than the US$96 billion chalked up in 2017, said China's ambassador to Malaysia, Bai Tian.

PEKAN: Former Prime Minister Datuk Seri Najib Razak has urged the government to take steps to resolve the price and demand of palm oil immediately.