Archived News

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday June 1.

ARIS: France's largest farmers' union called on Thursday for French oil refineries to be blocked in protest at a decision allowing Total to use imported palm oil at a new biofuel production site.

KUALA LUMPUR: Sime Darby Plantations Bhd posted a 93% increase in net profit to RM1.69bil for the nine months ended March 31, 2018 due to stronger overall fresh fruit bunches (FFB) production, lower finance costs and non-recurring gains.

JAKARTA (May 31): Malaysian palm oil benchmark futures fell on Thursday as a weak demand outlook continued to put pressure on prices of the vegetable oil.

In recent years, Peru's sprawling jungle has been cleared for palm oil and cocoa plantations. Conservationists say the land is controlled by private companies who acquired it through corrupt means.

Uganda has revived a palm oil expansion project that has been shelved for more than a decade, according to a report published by Bloomberg.

KUALA LUMPUR (May 31): Exports of Malaysian palm oil products during May 1-31 fell 8.8% to 1,196,805 tonnes, from 1,311,770 tonnes shipped during April 1-30, inspection company AmSpec Agri Malaysia said on Thursday.

ASABA—GOVERNOR Ifeanyi Okowa of Delta State, yesterday, performed the ground-breaking of a 3, 000 hectare oil palm plantation and processing plant in Akwukwu-Igbo, Oshimili North Local Government Area of the state as part of efforts to boost agriculture in the state.

PARIS: EU 2017/18 soybean imports had reached 12.2 million tonnes by May 29, down 4 percent from 12.75 million tonnes a year earlier, official data showed on Thursday.

PETALING JAYA: The Pakatan Harapan government’s manifesto to raise minimum wage to RM1,500 should not be made mandatory for the plantation sector, according to Sime Darby Plantation Bhd.

The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday May 31.

Indonesia's shipment of palm oil and palm kernel oil dropped 7 percent to 2.39 million tonnes in April from a year earlier, the Indonesian Palm Oil Association (GAPKI) said on Wednesday.