Archived News

JAKARTA (Dec 23): Indonesia is considering subsidising cooking oil for its domestic market using revenue from a palm oil export levy as authorities seek to keep inflation in check amid a rise in commodity prices, its trade minister said on Thursday (Dec 23).

KUCHING: Analysts expect minimal impact from the severe flooding in Peninsular Malaysia following a cursory check on plantations there with exposures in the flood-affected states.

PETALING JAYA: FGV Holdings Bhdhttps://cdn.thestar.com.my/Themes/img/chart.png is planning to raise RM500mil through the sukuk murabahah programme that will be used to refinance its borrowings.

JAKARTA: Malaysian palm oil futures booked their second consecutive daily gains on Wednesday, underpinned by production concerns and strength in rival oils.

PARIS/BEIJING, Dec 22 (Reuters) - Chicago soybeans and corn extended a rally on Wednesday to new multi-month peaks as dry weather in some South American growing belts stoked supply concerns.

HAMBURG, Dec 22 (Reuters) - Germany's winter wheat sown area for the 2022 harvest has been increased by 0.4% on the year to about 2.87 million hectares, Germany’s national statistics agency estimated on Wednesday.

KUALA LUMPUR (Dec 22): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher on Wednesday in tandem with the stronger soybean oil performance on the US Chicago Board of Trade (CBOT), said a dealer.

South Korean used cooking oil (UCO) exports continued their downtrend in November, having plummeted by 35pc over January-November, although imports of the feedstock rose on the month to fuel a growing domestic biodiesel industry.

KUALA LUMPUR: Sarawak Palm Oil Bhd's (SOP) overall environmental, social, and corporate governance (ESG) risk factors to be medium as the policy's credentials appear to be relatively good, with transparent and detailed sustainability disclosures.

KUALA LUMPUR: The palm oil industry’s sustainable initiatives and management are vital in ensuring palm oil remains one of the main pillars of Malaysia’s domestic economy, as well as a globally accepted food source.

KUALA LUMPUR (Dec 21): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives reversed Monday’s losses to close higher on Tuesday tracking gains in the soybean oil market on the Chicago Board of Trade (CBOT), said palm oil trader David Ng.

The government has slashed import duty on refined palm oil, a move that large edible oil companies say will make their products 3.5-5% cheaper for consumers.