Archived News

KUALA LUMPUR (Oct 25): The Ministry of Plantation Industries and Commodities (MPIC) has continued to take the anti-palm oil campaign in the West seriously and is constantly monitoring the legal developments that could have a negative impact on the Malaysian palm oil industry.

KUALA LUMPUR (Oct 25): Cepatwawasan Group Bhd’s net profit for the third quarter ended Sept 30, 2021 more than doubled to RM11.62 million from RM5.35 million a year ago, underpinned by higher palm oil prices.

KOTA KINABALU: An acute foreign labour shortage in Sabah's oil palm plantations has led to planters seeking government intervention to reopen borders to get their workers back.

KUALA LUMPUR (Oct 25): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher on tightened inventories and limited capacity for exports, says a dealer.

SINGAPORE: Palm oil may end its bounce below a resistance at 5,048 ringgit per tonne and resume the drop from the Oct. 21 high of 5,220 ringgit.

KUALA LUMPUR (Oct 25): The Ministry of Plantation Industries and Commodities (MPIC) is coordinating vital data of the industries under it by utilising big data analytics to maximise the country’s resources.

Palm oil may end its bounce below a resistance at 5,048 ringgit per tonne and resume the drop from the Oct. 21 high of 5,220 ringgit.

Malaysian palm oil futures rebounded on Monday as rainy season disrupted production of the versatile vegetable oil, with strength in rival oils supporting the market.

Palm oil production in Malaysia is on course for its weakest showing in five years as planters grapple with the worst-ever labor shortage in the second-biggest grower, and the low yields are likely to last through March.

Among these are soy giant SLC Agricola, which the report accuses of clearing 30,000 hectares of forest in the Amazon and Olam International, charged with razing 40,000 hectares of rainforest in Gabon between 2012 and 2017 to create rubber and palm-oil plantations.

The Ministry of Plantation Industries and Commodities (MPIC) has continued to take the anti-palm oil campaign in the west seriously and is constantly monitoring the legal developments that could have a negative impact on the Malaysian palm oil industry.

Ambassador of Malaysia to Sri Lanka, Tan Yang Thai, recently met with a delegation from the Palm Oil Industry Association Sri Lanka (POAISL), to discuss the benefits of a collaborative approach towards uplifting Sri Lanka’s rural communities.