Archived News

Jakarta (ANTARA) - The Indonesian and Norwegian authorities have agreed to enhance cooperation in various aspects of the economic sector, including through the Indonesia–European Free Trade Association Comprehensive Economic Partnership Agreement (Indonesia–EFTA CEPA) agreed upon in 2018.

JAKARTA: Malaysian palm oil futures fell for two consecutive weeks on Friday to the lowest in six weeks, tracking weakness in soyoils, although strong export data limited losses.

The price of palm and soybean oil has dropped drastically by at least Tk200-250 per maund in the international market in the past two and a half months, but the commodity is still selling at a higher rate in the domestic market.

KUALA LUMPUR: The ministry of plantation and commodities has appointed Sime Darby Plantation Bhd group managing director Helmy Othman Basha as chairman of the Malaysian Palm Oil Board (MPOB) from Feb 1.

IN advocating sustainability, the Malaysian Palm Oil Green Conservation Foundation (MPOGCF) has joined up with the Barn Owl and Rodent Research Group (BORG), Universiti Sains Malaysia (USM), to use owls to control rats in plantations.

15/03/2023 (Channel News Asia) - Malaysian palm oil and rubber smallholders on Wednesday filed a petition to the European Union to protest against a new law preventing imports into the bloc of commodities linked to deforestation risks.

15/03/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures snapped a three-day losing run on Wednesday on bargain buying amid strong demand for exports.

15/03/2023 (Business Recorder), Singapore - Palm oil may bounce towards a resistance at 4,089 ringgit per tonne, following its stabilization around a support of 3,994 ringgit. The support is identified as the 61.8% retracement of the uptrend from 3,728 ringgit to 4,425 ringgit, standing as a key barrier towards 3,728 ringgit.

15/03/2023 (The Star Online), Putrajaya - Malaysia and the United Kingdom are examining ways to strengthen bilateral ties while looking into potential areas for strategic cooperation in a number of areas, including security, trade and investment, green technology, and the digital economy.

15/03/2023 (The Borneo Post), Kota Kinabalu - Universiti Malaysia Sabah’ (UMS) Engineering Faculty and Gamalux Oils Sdn Bhd yesterday signed a Letter of Intent (LoI) to conduct research on palm oil waste material namely, ‘De-Oiled Bleaching Earth (DOBE)’.

15/03/2023 (Independent) - Britain is preparing to sign off on a post-Brexit trade deal that campaigners say will encourage further destruction of nature, threaten the habitat of orangutans in Malaysia and make a mockery of the government’s claims of being committed to tackling deforestation abroad.

15/03/2023 (Indian Express) - India’s palm oil imports in February dropped 30% from January to their lowest in 8 months on weak demand amid build-up in stocks because of excessive imports during November-January, a leading trade body said on Wednesday.