Archived News

KUALA LUMPUR: Felda Global Ventures Holdings Bhd (FGV) plans to expand its palm oil downstream business into Pakistan and Myanmar, said group president and chief executive officer Datuk Zakaria Arshad.

Palm oil companies and smallholders are encouraged to hedge on Bursa Malaysia Derivatives crude palm oil (CPO) futures market as one of the means to stabilise CPO prices, said Minister of Plantation Industries and Commodities, Datuk Seri Mah Siew Keong

Godrej International Ltd’s Dorab Mistry is turning slightly bullish on palm oil.

Malaysia has set up a palm oil war room (POWR) to better coordinate efforts among government agencies to dismantle global barriers to palm oil trade, said Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong.

Godrej International Ltd.’s Dorab Mistry is turning slightly bullish on palm oil.

Felda Global Ventures Holdings Bhd (FGV) group president and chief executive officer Datuk Zakaria Arshad said today Malaysia should focus on other markets instead of focusing too much on the European Union (EU) market as the bloc moves to back a ban on using palm oil to make biofuels from 2021.

Bursa Malaysia Bhd is monitoring and has enhanced the global reference crude palm oil futures (FCPO) for vegetable oil traders’ convenience, in view of Singapore launching its third derivatives market.

Malaysia has taken a stand that palm oil would be at the top of the agenda on its free trade talks under the Association of South East Nation (ASEAN) with European Union (EU), which must be first resolved before any other issue.

Bursa Malaysia, operator of the global benchmark crude palm oil contract, is making changes within the first half of this year to contracts for some other products in a bid to boost volumes, the exchange's chief said today.

Malaysian palm oil futures rose on Tuesday, recovering some of the ground lost in the previous three sessions, on the back of a government production forecast that came within expectations

Palm oil may retest a support at 2,448 ringgit per tonne, a break below which could cause a loss to the next support at 2,418 ringgit.

India’s raised import duties on crude and refined palm oil is expected to cause a short-term negative impact but a long-term neutral impact to crude palm oil (CPO) prices.