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Crude palm oil prices weakened by 0.45 per cent to Rs 642 per 10 kg in futures market today as speculators reduced exposure, driven by subdued demand in the spot market against adequate stocks position.

Malaysian palm oil futures fell to a one-month low on Monday evening, recording a sixth straight day of losses on expectations of slowing demand growth and tracking losses in related edible oils.

The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday April 16.

The absence of a significant increase in palm oil yield over the past decade is worrying because earnings of plantation players could be potentially impacted as it becomes more difficult to achieve amid factors such as crude palm oil (CPO) price volatility, higher production costs, and climate change.

The company said it will simply say no to palm oil until there is a guarantee that producing it is not causing rainforest destruction.

The age-old sayings “Health is Wealth” and “You are what you eat” have profound effects on our daily lifestyles.

Malaysia has been given the honour to lead the protest among co-operatives against the European Union’s (EU) plan to ban the use of palm oil in transport fuels by 2021, said Angkatan Koperasi Kebangsaan Malaysia Bhd (ANGKASA) President, Datuk Abdul Fattah Abdullah.

Much of the media debate surrounding palm oil in recent months has focused on the EU Parliament’s proposed ban on palm oil biofuels, as part of the Renewable Energy Directive (RED).

The Indonesian government aims to impose its homegrown sustainability standard for palm oil on all operators, but concerns persist over the readiness of the previously exempt small-scale farmers who manage two-fifths of total plantation area nationwide.

Previously, in FY17, Boustead registered a normalised profit of RM565mil, after removing the one-off gain of RM555mil from the sale of 678 ha.

The company’s vice-chairman Tan Sri Lodin Wok Kamaruddin said whether more land deals would materialise in its FY18 ending Dec 31 would depend on whether they can secure buyers for the lands.

Last November, the managing director of British supermarket chain Iceland made a visit to the Kalimantan rainforests in Borneo. Richard Walker, whose parents founded the frozen food firm in 1970, says he wanted to see the impact of the palm oil industry at first hand.