Archived News

05/09/2022 (Vanguard) - The Vice Chancellor, VC, of the Enugu State University of Science and Technology, ESUT, Professor Aloysius-Michaels Okolie, has said that the institution will become major supplier of palm oil and pawpaw in Enugu State.

05/09/2022 (Business Recorder), Singapore - Palm oil may bounce to 4,000 ringgit, as it has found a support at 3,857 ringgit per tonne.

05/09/2022 (The Edge Markets) - The Lahad Datu Palm Oil Industrial Cluster (POIC) Port has the potential to become one of the main transshipment hubs in the region, said Sabah Chief Minister Datuk Seri Hajiji Noor.

05/09/2022 (The Edge Markets) - As Malaysia transitions from the pandemic phase to the endemic phase of Covid-19, the reopening of the economy has thrown up various challenges such as labour shortages in certain sectors and higher input prices from still-jammed supply chains globally along with transport and logistics bottlenecks. However, a positive first quarter GDP growth of 5% is welcome and 9.9% for the second quarter is great. Driving the growth in large part has been the recovery of consumption and export growth contributed by commodities such as oil and gas, crude palm oil and, by far the largest contributor to GDP growth, electrical and electronics (E&E) exports.

05/09/2022 (Gulf Business) - The barometer for world food commodity prices declined for the fifth consecutive month in August, as quotations for most benchmark items dropped, according to the latest report by the Food and Agriculture Organization of the United Nations (FAO).

05/09/2022 (The Star Online), Alor Setar - Millions of jungle tree seedlings to replace those felled by loggers cannot be planted – no thanks to incessant rain from a wet La Nina year that has made the hilly logging trails too slick with mud to be used safely.

04/09/2022 (Antara News) - Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto received Japanese Minister of Energy, Trade and Industry Nishimura Yasutoshi and they discussed trade and investment cooperation, Indo-Pacific Economic Framework (IPEF), and G20 Summit.

04/09/20222 (The Borneo Post) - Plantation sector earnings have peaked, AmInvestment Bank Bhd (AmInvestment Bank) opines, following the second quarter of 2022 (2Q22) results which were largely within consensus but above the research firm’s expectations.

04/09/20222 (Business Recorder) - Malaysian palm oil futures on Friday were set for a 6.5% weekly loss as fresh Covid-19 curbs in top buyer China added to demand worries, with expectations of higher output in Malaysia weighing on prices further.

04/09/2022 (The Asahi Shimbun) - With no end in sight to sky-high prices for palm oil, Japanese businesses have idled their power plants that burn it to generate electricity.

05/09/2022 (Asia News), Jakarta - The extension of the crude palm oil (CPO) export levy waiver, despite being successful in stabilizing CPO prices, has proved to be less effective in resolving the chronic issue of falling fresh fruit bunch (FFB) prices, which the government has been trying to tackle for the past few months.

05/09/2022 (The Star Online), Alor Setar - Millions of jungle tree seedlings to replace those felled by loggers cannot be planted – no thanks to incessant rain from a wet La Nina year that has made the hilly logging trails too slick with mud to be used safely.