Archived News
12-11-2021
Better planning needed to attract millennial talent in palm oil industry
Few would deny that the palm oil industry has labour pains. The labour shortage has denied the industry of billions of ringgit in potential revenue.
12-11-2021
Palm reverses early gains on estimates of slowing output decline
KUALA LUMPUR: Malaysian palm oil futures ended lower on Thursday after an industry body indicated a slower pace of production decline, but stronger exports in early November capped losses.
12-11-2021
CPO futures end lower, tracking Chicago Board of Trade
KUALA LUMPUR (Nov 11): Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended lower on Thursday, tracking the weak performance of the Chicago Board of Trade (CBOT) soybean oil market, said palm oil trader David Ng.
12-11-2021
Crude palm oil prices cyclical, says KLK CEO
Despite the recent surge in crude palm oil (CPO) prices, Kuala Lumpur Kepong Bhd (KLK) group chief executive officer Tan Sri Lee Oi Hian said CPO prices are cyclical and depend on climate change.
12-11-2021
Egypt’s GASC receives offers in vegetable oils tender
The lowest offer presented at an Egyptian state purchasing tender for vegetable oils on Wednesday was $1,440.00 per tonne c&f for 11,500 tonnes of sunflower oil, traders said.
12-11-2021
Malaysia’s palm oil stocks rise 4% on month as output beats market expectations
Malaysia’s palm oil stocks rose 4.4% month on month to 1.834 million mt at end October on better-than-expected production and a dip in exports, the Malaysian Palm Oil Board said in a monthly update Nov. 10.
12-11-2021
Govt must re-establish 'war room' to battle palm oil smear campaign
KUALA LUMPUR: The government has been urged to re-establish a 'war room' to fight against global anti-palm oil campaigns.
12-11-2021
VEGOILS-Palm extends gain on better Nov exports, output concerns
KUALA LUMPUR, Nov 11 - Malaysian palm oil futures rose for a second straight session on Thursday, underpinned by cargo surveyor data showing an increase in early November exports, and concerns over a slowdown in production.
11-11-2021
USDA maintains forecast for soybean oil use in biofuelCrude palm oil prices cyclical, says KLK CEO
Despite the recent surge in crude palm oil (CPO) prices, Kuala Lumpur Kepong Bhd (KLK) group chief executive officer Tan Sri Lee Oi Hian said CPO prices are cyclical and depend on climate change.
11-11-2021
Fatty acid found in palm oil linked to spread of cancer
Study on mice found palmitic acid promoted metastasis in mouth and skin cancers
11-11-2021
Crude palm Oil Dropped in Anticipation of Higher Global Edible Oil Supplies
Crude Palm Oil yesterday settled down by -0.3% at 1108.6 in anticipation of higher global edible oil supplies.
11-11-2021
Europe wants sustainable palm oil, but won't pay for it
By banning palm oil use, the EU is derailing efforts in Malaysia and Indonesia to make production sustainable