Archived News

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets .on Wednesday Oct 25

KUALA LUMPUR: Malaysian palm oil futures reversed gains on Tuesday after hitting a five-week high, with sentiment dented by weakness in the Chicago Board of Trade (CBOT) soyoil and expectations of slower export growth.

PETALING JAYA: Every year from around the start of October, the media carries stories on the annual tabling of the Federal Government’s budget to inform and get a feel for what the ground needs.

ROTTERDAM: Palm oil on the European vegetable oils market eased slightly on Tuesday on expectations of a slowdown in export growth during October versus an increase in production.

The decision of the European Parliament’s environment committee to phase out support for certain biodiesels is welcome but doesn’t go far enough to ensure sustainability, a top European environmental NGOs has said.

Members of the European Parliament are calling for the European Union to source 35 percent of its energy from renewable sources by 2030, set nationally binding targets for renewable energy, phase-out of palm oil and food-based biofuels and set biomass sustainability standards.

Russia is developing a state standard for palm oil to be applied in EAEU countries. The standard envisages separating products into those suitable and unsuitable for the food industry, reports UkrAgroConsult.

Benin – All is set for Okomu Oil Palm to become Africa’s Largest Palm Oil Company by 2020 as the management of the organisation yesterday finalised arrangement to build the largest palm oil mill, which is expected to cost $45million (about N15 billion), in Africa.

Mumbai, October 24: Barring palmolein and rapeseed oil which increased by ₹2 and ₹10 per 10 kg each, all other edible oils ruled steady on eased demand amid weak futures. Malaysian palm oil futures closed lower and Chicago soya oil projection was weak. NCDEX soya oil futures were down by₹1.50-2 till evening. With normal physical volumes and under selling pressure undercurrent of the market was weak end of the day.

KOTA KINABALU: After a decade of implementation, the Heart of Borneo (HoB) initiative has become the epitome of Sabah’s exemplary achievement in the management and conservation of its tropical rainforests.

KUALA LUMPUR: Malaysian palm oil futures extended gains into a third session on Tuesday and hit a five-week high, tracking gains in rival edible oils.

SINGAPORE, Oct 25 (Reuters) - The palm oil January contract may retrace to a support at 2,758 ringgit per tonne, as it failed to break a resistance at 2,812 ringgit