Archived News

SINGAPORE: Malaysian palm oil futures fell to their lowest in three months on Monday evening as sentiment took a hit from India's move to raise import tax on edible oils to its highest in over a decade.

KUALA LUMPUR: Sime Darby Group is looking forward to a successful listing of its pure plays, namely Sime Darby Plantation Bhd and Sime Darby Property Bhd on Nov 30.

KUALA LUMPUR: The recommendation by the European Environmental Committee’s (ENVI) to exclude palm oil use from Renewable Energy Directive (RED) as early as 2021, has been described as discriminatory and unacceptable.

KUALA LUMPUR: Felda Global Ventures Holdings Bhd image: https://cdn.thestar.com.my/Themes/img/chart.png 's (FGV) unit, FPM Sdn Bhd (FPM), aims to sell 30,000 tonnes of its specially-formulated fertilisers MPOB F2 and MPOB F2 Super within five years.

KUALA LUMPUR: Stronger ringgit and steep rise in India’s import duty on crude palm oil (CPO) have dampened the exports of Malaysian palm oil products for the Nov 1-20, 2017 period by 6.25%.

KUALA LUMPUR: As concerns about palm oil’s sustainability simmer in Europe, the world’s second-biggest grower is ramping up its defense of the most-consumed edible oil.

SANDAKAN: The Roundtable of Sustainable Palm Oil (RSPO), a leading not-for-profit body that provides certification for sustainable palm oil, is optimistic that the entire 150 growers worldwide under its scheme will be able to obtain RSPO certification in five years, more than double of the 72 growers certified now.

MUMBAI/SINGAPORE: India's palm oil imports are likely to drop until the end of the year after the world's largest edible oils buyer raised import taxes to the highest in more than a decade, importers and dealers said.

The session started with the many revelations like India's two-third of edible oil import is Palm oil and we are the largest importers of Palm oil in the world.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday Nov 20.

KUALA LUMPUR: Palm oil experts expect the price of the commodity to hover between RM2,600 and RM2,900 per tonne these few months before turning weak as supply outstrips demand by mid-2018.

Ahmedabad, November 19: The oil extractors and processors have a reason to cheer as the Centre has raised import duty for crude oils, refined oils and soyabean, bringing an end to long-pending demand of the crushers.