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KUALA LUMPUR: Malaysian palm oil futures rose to a seven-week high in trade on Wednesday evening, extending gains into a fourth session, on support from a weaker ringgit.

Former Malaysian deputy prime minister Datuk Musa Hitam has said Indonesia and Malaysia can fight back against the European Unions that is carrying out negative campaign against palm oil products – the major commodity of the two countries.

As Malaysia and Indonesia – two of the largest palm oil producers, intensify their ventures in developing palm oil plantations in Africa, it is an opportune time to find business opportunities in these sectors. The summit provides a vital platform to learn about the latest projects as well as network with major players from the industry.

KUALA LUMPUR (Feb 27): Malaysian palm oil futures rose in early trade on Tuesday and were headed for a third straight session of gains, supported by overnight strength in rival oilseed soyoil on the U.S. Chicago Board of Trade.

Russia processed a record monthly amount of soybeans in December 2017. So, soybean oil production gained 33.8% in December 2017 versus November 2017, reaching 83.9 KMT. It was up 42.4% on the year (58.9 KMT in December 2016/17).

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday Feb 28.

KUALA LUMPUR: Malaysian palm oil futures rose to a more than six-week high on Tuesday before paring gains, but still ended higher for a third straight session supported by strength in rival edible oils.

KUALA LUMPUR: The 29th Palm and Lauric Oils Price Outlook Conference and Exhibition (POC2018), which will be held from March 5 to 7, will attract over 2,000 industry delegates from over 50 countries.

The Indonesian government plans to issue a presidential decree for stopping enlargement of palm oil plantation and increasing productivity.

In December 2017, Russian palm oil imports hit a seven-year low of 22.7 KMT, down more than 35% from the previous month.

When the European Union (EU) first enacted the Renewable Energy (RE) Directive in 2009, the regional bloc thought it was doing the world a favour.

SINGAPORE (Feb 27): As palm oil's rally gathers pace, it could be just what Malaysian equities need to push through recent highs and toward levels last seen in 2014.