Archived News

JAKARTA — Oil palm farmers in Indonesia are mounting a legal challenge to get a bigger share of a government fund they complain is being misused to subsidize biofuel producers.

Iceland has been slated by campaign groups over its decision earlier this month to ban palm oil from its supply chain.

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

Crude palm oil prices fell 0.34 per cent to Rs 643.20 per 10 kgs in futures trade today as speculators booked profits at prevailing higher levels amid fall in demand at spot market.

Malaysian palm oil futures ended lower on fears of slowing demand and losses in other related oils.

The country's palm oil exports, excluding biodiesel and oleochemical products, declined to 2.37 million tons in February, or 14 percent less than the 2.74 million tons exported in January, the Indonesian Palm Oil Producers Association (Gapki) has said.

KUALA LUMPUR (THE STAR/ASIA NEWS NETWORK) - A graphic being circulated on social media has the Chinese flag planted all over a map of Peninsular Malaysia, suggesting that Red China has taken over our land.

Supermarket chain Iceland has been criticised by campaigners after deciding to ban palm oil from its own products by the end of 2018.

KUALA LUMPUR: Beijing's anti-dumping move last week on U.S. sorghum imports could open an opportunity for Malaysia to sell palm kernel cake to China as an alternative animal feed, Malaysia's Ministry of International Trade and Industry (MITI) said.

KUALA LUMPUR: Malaysian palm oil futures declined on Monday evening, charting a second session of decline in three, as the market was pulled down by weaker demand and overnight losses in U.S. soyoil.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday April 23.

KUALA LUMPUR: Malaysian palm oil futures made gains on Friday evening, their first in three sessions, tracking strength in crude oil prices and as the market saw profit taking in evening trade.