Archived News

Neste resumes raw material sourcing from Malaysian palm oil company IOI after approximately 1.5-year-long suspension

NEW DELHI, Dec 19 (Reuters) - Indian soyoil futures were set to close lower on Tuesday, tracking rival oils overseas and Malaysian palm oil futures

Government is expected to distribute one million palm seedlings to illegal miners turned farmers as part of moves to end illegal mining and reclaim sites degraded by activities of illegal miners.

COLOMBO: Malaysian products, including palm oil, will get better access and lower tariffs in Sri Lanka following the setting up of a free trade agreement between both countries, says Prime Minister Datuk Seri Najib Tun Razak.

KUALA LUMPUR: Malaysian palm oil futures fell almost 1 percent on Monday evening on profit-taking after recording their biggest daily gain in around five months in the previous trading session.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday Dec 19.

KUALA LANGAT: Oil palm trunk is an ideal alternative source of raw materials in the timber and furniture industry, said Datuk Seri Mah Siew Keong.

ROTTERDAM: Palm oil on the European vegetable oils market eased slightly on Monday, tracking easier Malaysian palm oil futures on the back of profit-taking following a sharp rise on Friday.

Indonesian exports of crude palm oil (CPO), mainly to Pakistan and India, recorded a significant decrease in October. The two countries, along with China, are major importers of the commodity.

KUALA LUMPUR: National Association of Smallholders (NASH) is joining hands with Federal Land Development Authority (FELDA) to petition against the European Union’s (EU) plan to ratify European Parliament's resolution that curbs palm oil demand.

KUALA LUMPUR: Malaysia is promoting sustainably-produced palm oil in Japan following the approval of Malaysian timber usage for the Tokyo 2020 Olympic and Paralympic Games.

A group of concerned stakeholders in the oil palm industry has expressed fear over unmitigated importation and dumping of palm oil, saying such practice can kill the industry if not checkmated.