Archived News

Palm oil on the European vegetable oils market edged higher, tracking gains in Malaysian palm on the back of bargain-buying and support from a weaker ringgit

Sime Darby Plantation Bhd (SDP), which will debut on Thursday on Bursa Malaysia, will be looking to explore and expand opportunities to increase its presence in other key geographical markets in Southeast Asia, the US, Europe, Africa and the Middle East

The government raised import duties on various edible oils on November 17, which is supporting the entire oil pack. Refined soya oil, crude palm oil, soyabean and rape mustard seeds witnessed gains between 4-7 per cent in a week’s time.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday Nov 24.

KUALA LUMPUR: Malaysian palm oil futures fell on Thursday evening, charting a fourth decline in five sessions as the edible oil was weighed down by a stronger ringgit and the prospect of rising production, traders said.

BRUSSELS: The proposal to establish a Special Oil Palm Economic & Technical Committee by Malaysia and the European Union (EU) demonstrates Malaysia’s resolve in accelerating efforts to combat discrimination and anti-palm oil campaign.

KUALA LUMPUR: Felda Global Ventures Holdings Bhd (FGV) and Trimex Industries Pte Ltd have terminated their memorandum of understanding (MoU) to explore the possibility of collaborating to supply and distribute FGV’s palm oil to India.

KUALA LUMPUR: Felda Global Ventures Holdings Bhd (FGV) has posted its third straight quarter of rising net profit, as the planter’s turnaround plan by group president and chief executive officer Datuk Zakaria Arshad gained new traction.

Former senator Nick Xenophon has called for Australian food regulators to take urgent steps toward mandatory palm oil labelling in Australia.

KUALA LUMPUR, Nov 23 (Reuters) - Malaysia’s Felda Global Ventures Holdings Bhd (FGV), the world’s third-largest palm plantation operator, on Thursday forecast a decline in palm oil prices next year on a likely rise in production.

PUTRAJAYA: The Plantation Industries and Commodities Ministry will set up Special Oil Palm Economic and Technical Committee to deal with palm oil issues in Europe.

Plantation sector Maintain positive: The Australia Bureau of Meteorology (AMB) activated its La Niña Alert (from WATCH) on Tuesday with a 70% chance (previously 50%) of La Niña forming in late 2017.