Archived News
12-06-2023
Palm oil surges 3pc ahead of key data, logs second weekly decline
KUALA LUMPUR: Malaysian palm oil futures jumped more than 3 percent on Friday, rebounding from the previous session as traders covered positions ahead of several key reports, although the contract logged a second weekly decline.
12-06-2023
FGV Cultivates Sustainable Practices In Agriculture
AS our planet struggles under the weight of climate change and environmental degradation, responsible companies across the globe are doubling down on efforts to reduce their carbon footprint, recognising the urgent need for immediate action.
09-06-2023
Pacts on borders and fighting palm oil ban
PUTRAJAYA: Greater cooperation in fighting the anti-palm oil lobby and better cross-border ties between Kalimantan and Malaysia’s Sabah and Sarawak – were among the main takeaways from Indonesian president Joko Widodo’s visit to Malaysia yesterday.
09-06-2023
VEGOILS-Palm hits one-week closing low on rising stockpile concerns
Malaysian palm oil futures fell to a one-week closing low on Thursday as prospects of rising inventories outweighed support from a weaker ringgit.
09-06-2023
Indonesia urges UK not to follow EUDR that potentially harms farmers
Jakarta (ANTARA) - Indonesia's Coordinating Economic Affairs Minister Airlangga Hartarto has expressed hope that the United Kingdom will not follow the European Union that has recently issued the EU Deforestation-Free Regulation (EUDR).
09-06-2023
USDA: US biodiesel exports up in April
The U.S. exported 147,212.9 metric tons of biodiesel and biodiesel blends of B30 and greater in April, according to data released by the USDA Foreign Agricultural Service on June 7. Imports of biodiesel and biodiesel blends of B30 and greater reached 134,326.1 metric tons.
09-06-2023
Palm oil hits one-week closing low
KUALA LUMPUR: Malaysian palm oil futures fell to a one-week closing low on Thursday as prospects of rising inventories outweighed support from a weaker ringgit.
09-06-2023
Anwar: Malaysia-Indonesia agrees to defend oil palm interest
PUTRAJAYA: For the first time in history, both Malaysia and Indonesia are on the same page in the efforts to defend the oil palm commodity against the threat posed by the anti-oil palm campaign.
09-06-2023
Palm oil may retest resistance at 3,372 ringgit
SINGAPORE: Palm oil may retest a resistance at 3,372 ringgit per metric ton, a break above could lead to a gain into the 3,425-3,511 ringgit range.
08-06-2023
Fadillah: Institute produces 2,500 oil palm sector trainees up till 2022
07/06/2023 (The Borneo Post), Kuching - The Malaysian Institute of Plantation and Commodities (Impac) has produced a total of 2,500 programme trainees for the oil palm sector up to 2022, said Deputy Prime Minister Dato Sri Fadillah Yusof.
08-06-2023
VEGOILS-Palm oil rebounds on soyoil strength, rising supply caps gains
07/06/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures jumped on Wednesday, recouping losses from the previous session as it track a surge in rival soyoil prices overnight, but forecasts of growing supply limited gains.
08-06-2023
Nigeria’s palm oil imports from Malaysia surges 353% in 4months as demand rises
07/06/2023 (Business Day) - Nigeria’s Palm Oil imports from Malaysia – a top global producer have surged by 353 percent in the first four months of 2023 despite local players ramping up production, data from the Malaysian Palm Oil Council shows.