Archived News
08-10-2021
This festival season, cooking oils may pinch consumers’ pockets
Global shortage of edible oils due to a slew of factors likely to keep prices firm
08-10-2021
KLK major shareholder Batu Kawan rises to record high
KUALA LUMPUR (Oct 7): Kuala Lumpur Kepong Bhd's (KLK) major shareholder Batu Kawan Bhd's share price climbed to a record high on Thursday (Oct 7) after rising as much as RM1.18 or 5.57% to RM22.38 as crude palm oil (CPO) prices at above RM5,000 a tonne fuel investor interest in shares of the plantation group.
08-10-2021
World food prices hit 10-year peak –FAO
PARIS (Reuters) -World food prices rose for a second consecutive month in September to reach a 10-year peak, driven by gains for cereals and vegetable oils, the United Nations food agency said on Thursday.
08-10-2021
Brazil's soybean crush 3.3% down in August: Abiove
Brazil's soybean crush reached 3.3 million tons in August 2021, an annual decrease of 3.3%, according to monthly statistics from the Brazilian Association of Vegetable Oil Industries (Abiove) on the country's soy complex, which were updated this Thursday.
07-10-2021
Crude palm oil futures on Bursa Malaysia cross MR5,000/mt mark
The front-month October palm oil contract on the Bursa Malaysia crossed the MR5,000/mt mark Oct. 6 on short covering activities.
07-10-2021
Indonesia conducts test flight using jet fuel mixed with palm oil
JAKARTA, Oct 6 (Reuters) - Indonesia conducted its first test flight using jet fuel partially from palm oil on Wednesday, a senior minister said, as the country plans to commercialise the fuel as it seeks creative ways to use the edible oil domestically.
07-10-2021
Malaysia's CPO futures rise past RM5,000 a tonne to new record high
KUALA LUMPUR (Oct 6): Bursa Malaysia crude palm oil (CPO) futures prices rose past RM5,000 a tonne for the first time to a record high on Wednesday (Oct 6) after the CPO price for October 2021 rose as much as RM75 to RM5,050.
07-10-2021
Lifting of foreign labour ban on oil palm plantations offers sector slight relief
WHILE Putrajaya’s lifting of its foreign labour freeze on the plantation sector marks a silver lining for players, there is still some way to go before the strained industry sees any meaningful impact.
07-10-2021
Plantation stocks at multi-month highs as CPO futures breach RM5,000
KUALA LUMPUR (Oct 7): Plantation stocks such as Kuala Lumpur Kepong Bhd (KLK), Genting Plantations Bhd and Sime Darby Plantation Bhd rose to multi-month highs on Wednesday, as crude palm oil (CPO) futures breached the RM5,000 per tonne mark for the first time.
07-10-2021
Palm ends at record high on crude rally, supply woes
KUALA LUMPUR: Malaysian palm oil futures closed at a record high on Wednesday, driven by a rally in crude prices and expectations of tighter supplies.
07-10-2021
Indonesia successfully tests bioavtur-powered flights
Jakarta (ANTARA) - Indonesia has successfully conducted test flights on the Bandung-Jakarta route using bioavtur, a jet fuel derived partially from palm oil, Energy and Mineral Resource Minister Arifin Tasrif said in a statement released here on Wednesday. Indonesia has made history with the test flights, which were conducted from Bandung in West Java to Jakarta on bioavtur-powered CN-235-220 Flying Test Bed (FTB) aircraft, the minister remarked.
07-10-2021
Nationwide B20 biodiesel plan is still on, says Zuraida
KUALA LUMPUR (Oct 6): The government intends to continue with its much delayed effort to implement the B20 biodiesel programme nationwide, said Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin.