Archived News

14/06/2017 (Food Ingredients First) - Some of the largest global players in palm oil have teamed up with NGOs to save orangutans endangered because of habitat loss, forming a new alliance to help the animals and other wildlife in landscapes impacted by the ever-increasing industry. The group includes leaders in palm oil such as Wilmar, Sime Darby and Musim Mas, together with the Orangutan Land Trust and a number of wildlife conservation experts and NGOs, to form the PONGO Alliance.

14/06/2017 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

14/06/2017 (Bernama) - The stalled Malaysia-European Union (EU) Free-Trade Agreement (FTA) talks will be resumed sooner, within this year, said EU Ambassador and Head of Delegation to Malaysia, Maria Castillo-Fernandez.

14/06/2017 (Business Daily) - The plan to sign a preferential trade agreement (PTA) between Kenya and Indonesia is set to move a step forward with the first high-level meeting in July.

14/06/2017 (Hindu Business Line) - Edible oils prices remained under pressure on Tuesday on back of slack demand amid bearish futures. Malaysian palm oil and Chicago soya oil futures show weak trend, keeping domestic futures down. On BCE barring soya oil and cotton oil which rose by ₹2 and ₹1 each all other edible oils rule flat.

14/06/2017 (Daily News & Analysis) - Crude palm oil prices fell 0.70 per cent to Rs 495.70 per 10 kg in futures trade today as speculators booked profits at prevailing higher levels amid fall in demand at the spot market.

14/06/2017 (Bloomberg) - India’s palm oil purchases probably climbed for a fourth straight month in May as a drop in global prices boosted demand amid a stronger local currency.

14/06/2017 (The Star) - Affin Hwang Capital Research has maintained its crude palm oil (CPO) average selling price (ASP) assumption of RM2,600 per tonne.

14/06/2017 (Reuters) - Malaysian palm oil futures hit a 10-month low in the second half of trade on Tuesday on the back of a stronger ringgit MYR= , while expectations of rising output and weaker export growth also weighed on the market.

14/06/2017 (Bloomberg) - Prime Minister Najib Razak wrote a message on his website this month to the more than 100,000 ethnic Malay families working on government-sponsored farms: "As long as I am prime minister, your welfare is guaranteed."

14/06/2017 (The Edge Markets MY) - The equity market continued to climb higher last week after a rebound two weeks ago. The FBM KLCI rose to its highest level in two years, following other equity markets that have climbed to recent and historical highs. A stronger ringgit and export data helped boost market sentiment. The FBM KLCI increased 0.7% in a week to 1,788.89 points last Friday and the index closed at 1,784.44 points yesterday.

14/06/2017 (The Edge Markets MY) - The stronger seasonal demand for the preparation of the Ramadan festival has pushed the country’s palm oil stockpile to 1.56 million tonnes — the lowest level for May in the past eight years.