Archived News

Weak palm oil prices will contribute to curbing spending for millions of households in Indonesia this year, according one of the country’s best-performing fund managers, leading him to cut the weighting of his consumer stocks investments by more than a third.

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

More engagements, consultations and follow-up actions are needed to remove the European Union’s (EU) threat to ban palm oil use in biofuels, said industry veteran Tan Sri Dr Yusof Basiron.

INDIA'S Republic Day celebrations last month sent a strong message. It announced as strikingly as possible that it is swivelling to Asean.

Malaysia and Ukraine plan to ramp up trade promotional activities in an effort to boost bilateral trade between both nations, said Malaysia External Trade Development Corporation (Matrade) Deputy Chief Executive Officer Datuk Wan Latiff Wan Musa.

London. Consumer goods giant Unilever said on Friday (16/02) it had laid bare its entire palm oil supply chain, including all the suppliers and mills it sources from, to boost transparency in a rare industry move.

The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday Feb 15.

KUALA LUMPUR: Malaysian palm oil futures fell late on Wednesday, charting a second day of declines, tracking overnight falls in U.S. soyoil on the Chicago Board of Trade (CBOT) and on a stronger ringgit.

Imagine this: You are an impoverished farmer working on a piece of land with a valuable crop and the profits from your harvests is what puts food on your table, a roof over your family members’ heads and pays off your child’s education costs. But in an unexpected turn of events, your customers stopped buying your harvests, leaving you with lesser income to support your family.

Gbah/Kuala Lumpur — When Malaysia’s biggest plantation company, Sime Darby, leased 220,000ha of lush forest in northwest Liberia in 2009, executives said they had found a much-needed new frontier in global palm oil development.

SINGAPORE (Feb 15): The palm oil third-month contract looks neutral in a narrow range of 2,486-2,518 ringgit per tonne, and an escape could suggest a direction.

Plantation sector Maintain positive: Malaysia’s palm oil inventory level of 2.55 million tonnes as at end-January is lower than ours and the market’s expectation of 2.73 million tonnes. Exports came in stronger than expected with 6% growth month-on-month (m-o-m) as the temporary suspension of crude palm oil (CPO) export tax price effective Jan 8, 2018 boosted demand from major consumers such as India and Pakistan. Against last month, inventory level declined by 7% as export grew by 6% while production declined by 13.5%.