Archived News

Jakarta. A community rights group has urged the Roundtable on Sustainable Palm Oil, or RSPO, to be more responsive in dealing with complaints by residents of two villages in West Kalimantan against Malaysian palm oil giant Sime Darby, which they accuse of stealing their indigenous lands

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday Nov 5.

KUALA LUMPUR: Malaysian palm oil futures fell from a one-week high on Monday evening, weighed down by a stronger ringgit, which makes the tropical oil more expensive for holders of foreign currencies.

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.