Archived News

The Member of Parliament for Achiase in the Eastern Region, Robert Kwasi Amoah has established a palm oil factory meant to give 1,000 direct and indirect jobs to the people in his constituency.

KUALA LUMPUR (May 14): Shares in Felda Global Ventures Holdings Bhd (FGV) rose in afternoon trading on lower palm oil stockpile numbers and in response to the general election result.

The World Health Organization (WHO) on Monday announced an initiative to ban artificial trans fats from the global food supply by 2023. This goal is a worthy endeavor, as the intake of trans fats has led to the deaths of 500,000 people from cardiovascular disease per year, according to WHO estimates.

Malaysian palm oil futures ended higher on Monday tracking their biggest intra-day gain in more than four months. They were buoyed by early losses in the ringgit and lower-than-forecast inventoriesfrom the Malaysian Palm Oil Board.

KUALA LUMPUR (May 14): Malaysian palm oil futures rose 3% on Monday, their biggest intraday gain in more than four months, buoyed by early losses in the ringgit and lower than forecast end-stocks data from an industry regulator.

Crude palm oil prices fell 0.35 per cent to Rs 658.80 per 10 kg in futures trade today as speculators booked profits at prevailing higher levels amid fall in demand at the spot market.

SINGAPORE - U.S.-China trade tensions are causing Singaporean agriculture conglomerates Olam International and Wilmar International to import from South America to avoid higher taxes.

KUALA LUMPUR: Shares of Malaysian palm oil producer Felda Global Ventures Bhd (FGV) surged as much as 24 percent on Monday on expectations that a corporate clean-up following last week's general election would boost values.

KUALA LUMPUR: Malaysian palm oil inventories fell for the fourth consecutive month in April as both export and production slowed slightly.

KUALA LUMPUR, May 14 (Reuters) - The chairman of Malaysia’s state palm oil plantation agency, the Federal Land Development Authority (Felda), has resigned, an agency spokesman said on Monday, confirming earlier reports.

An aggressive lobbying campaign spearheaded by actors from Indonesia and Malaysia, the world’s top palm oil producers, have framed the ban as an attack on small farmers, although the industry is dominated by large companies.

KUALA LUMPUR: Malaysian benchmark crude palm oil futures surged to their highest in a month at the opening of trade today, the first session since the stunning election defeat of a coalition that ruled the country for six decades.