Archived News
23-11-2017
EU palm oil resolution 'will affect millions'
Millions of people running small-time oil palm plantations will suffer if the European Parliament goes ahead with "unfair" measures that could curb palm oil use, the world's two largest palm oil producers said on Wednesday.
23-11-2017
TH Plantations 3Q profit down 40% on higher finance cost
TH Plantations Bhd’s third quarter net profit slumped 40.27% to RM11.45 million from RM19.18 million a year ago, due mainly to higher finance cost.
22-11-2017
Malaysia palm oil/Vegoils: Market factors to watch Wednesday Nov 22
KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday Nov 22.
22-11-2017
Malaysian palm oil prices seen dropping further on India import duty
SINGAPORE: Malaysian palm oil futures will likely fall a further 2-3 percent after India, the world's biggest buyer, raised its import duties to the highest in a decade, top industry analyst Dorab Mistry said on Tuesday.
22-11-2017
Boustead Plantations earnings soar to RM562mil
PETALING JAYA: Boustead Plantations Bhd image: https://cdn.thestar.com.my/Themes/img/chart.png registered a 1405% surge in net profit at RM562.42mil for the third quarter ended September 30, 2017, from the previous corresponding quarter.
22-11-2017
Palm oil futures likely to drop further to RM2,580
KUALA LUMPUR: Palm oil futures, which have plunged more than RM200 or 10 per cent to RM2,627 per tonne in the last two weeks, is likely to drop further to RM2,580 as traders' pessimism persist.
22-11-2017
Committed to improve livelihood of palm oil smallholders
KUCHING: The United Nations Environment Project (UN Environment) and the Roundtable on Sustainable Palm Oil (RSPO) are committed to improving the livelihood of palm oil smallholders.
22-11-2017
Interests of oil palm smallholders not neglected
KUALA LUMPUR: The government has not neglected oil palm smallholders and is continuously working to improve crop yields to improve their standard of living.
22-11-2017
Crude palm oil futures move up on spot demand
New Delhi, Nov 21 Crude palm oil prices rose by 2.36 per cent to Rs 582.30 per 10 kg in futures trade today, driven by more bets on positive cues from the spot market after surge in demand
22-11-2017
Indian soyoil, crude palm oil jump 4 percent on import duty hike
Indian soyoil and crude palm oil futures jumped by the daily maximum limit of 4 percent on Monday after the government raised import tax on edible oils, traders said.
22-11-2017
Wilmar to buy edible oil facility from Cargill
SINGAPORE – Wilmar International Limited Wilmar’s wholly-owned subsidiary, Wilmar Kuantan Edible Oils Sdn. Bhd., has entered into an agreement with Cargill Palm Plantation Sdn. Bhd. (Cargill) for the purchase of Cargill’s edible oil facilities in Kuantan, Malaysia. The edible oil facilities include a palm oil refinery and a neighboring storage facility
22-11-2017
Local investments in edible oil production needed to reduce import reliance
Yangon Chief Minister U Phyo Min Thein has urged edible oil merchants and businessmen to invest in the local cooking oil sector.