Archived News

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

JAKARTA: Malaysia and Indonesia have agreed to work together to promote oil palm products and counter attacks against the palm oil industry by Europe, says Malaysian Foreign Minister Datuk Saifuddin Abdullah.

MONROVIA (July 22): Liberia's largest palm oil company, Golden Veroleum Liberia (GVL), has quit a global eco-certification scheme in response to accusations from a global watchdog that it failed to get consent from communities before expanding onto their lands, the firm said.

PETALING JAYA: It is timely to re-activate the country’s stalled B10 biodiesel mandate, given the widening spread between crude palm oil (CPO) prices and the Brent crude oil and gas prices, according to industry observers.

KUALA LUMPUR: The plantation and construction sectors are supportive of the higher minimum wage policy but want the new government to review some of the heavy taxes and foreign worker levies imposed on the industry players.

KUALA LUMPUR: Palm oil output in Malaysia is expected to enter the high production cycle in the last quarter of the year, two plantation company chief executives said, although output is expected to fall short of forecasts and peak later in the season than usual.

KUALA LUMPUR: Malaysian palm oil futures edged up at the close of trade on Friday, but remained largely caught in a range as demand remained tepid.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday July 20.

KUALA LUMPUR: Malaysian palm oil futures edged down after hitting a one week-high in early trade on Thursday, undergoing a technical correction after strong gains in the previous session and on sluggish demand.

PUTRAJAYA: The Primary Industries Ministry will announce implementation of the B10 (10% palm methyl ester with 90% petroleum diesel) programme in the transport sector by year-end, subject to approval by the Cabinet.

The crisis in anglophone Cameroon is damaging the Southwest Region's economy, with palm oil plantations closing and the cocoa trade tumbling, an NGO report said Wednesday.

JAKARTA: Palm oil sourced from illegally cleared rainforest areas in Indonesia has flowed through traders to major consumer goods brands despite widespread commitments to cease purchases of non-sustainable oil, a new report says.