Archived News

PUTRAJAYA: IOI Corp Bhd image: https://cdn.thestar.com.my/Themes/img/chart.png will allocate RM1bil for investments in its upstream businesses, according to chief executive officer Datuk Lee Yeow Chor (pic).

Jakarta. Environmental organization Rainforest Action Network, or RAN, last week called for reforms at Indonesian food giant Indofood, as a new report details ongoing worker exploitation, poverty-level wages and hazardous work conditions at "sustainable"-certified plantations owned and operated by the company.

Malaysian palm oil producer and property developer IOI Corporation Bhd. expects crude palm oil output to rise 8%-to-10% annually this fiscal year to Jun. 30, 2018 its chief executive said Monday.

Pakistan’s consumption of oils and fat for cooking and industrial application is increasing fast, reaching 3.8million tonne in 2016 from 2.9m tonne five years back. The use is expected to grow even faster going forward as the economy expands and household income levels rise

A group of 177 Dutch scientists have signed a letter urging the Netherlands to back a complete phase-out of crop-based biofuels at European level, calling them a “false solution to climate problems”.

KUCHING: There is an urgent need to streamline the recruitment process and procedures, in view of the current shortage of workers in the oil palm industry.

Indian soyoil futures were set to close lower on Monday, tracking rival Malaysian palm.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday Dec 4

PETALING JAYA: Malaysia’s monthly trade surplus is likely to widen to RM8.9bil in October from an RM8.6bil surplus in September, according to Moody’s Analytics.

KUALA LUMPUR: Malaysian palm oil futures made their sharpest daily gains in a month on Thursday, tracking rises in soyoil on the Chicago Board of Trade and supported by a weaker ringgit, traders said.

PETALING JAYA: The Government has described the recent vote to endorse a ban on palm oil biofuel in Europe as a “step backwards”.

Southeast Asia's palm oil exporters have the means to retaliate if the European Union imposes restrictions on the commodity, Indonesia's trade minister warned on Wednesday in an exclusive interview with the Nikkei Asian Review.