Archived News

KUALA LUMPUR (Oct 6): The Ministry of Plantation Industries and Commodities (MPIC) plans to take more aggressive measures to address palm oil-related issues by formulating plans for the marketing and development of the commodity.

KUALA LUMPUR: Bursa Malaysia crude palm oil (CPO) futures price rose to RM5,000 a tonne for the first time on Tuesday after the commodity traded up as much as RM162 before paring gains at the bourse's afternoon break.

KUALA LUMPUR: Malaysian palm oil futures jumped as much as 4% on Tuesday, hitting a record of 4,786 ringgit a tonne on stronger crude oil prices and as market surveys pointed to tightening September stockpiles.

KUALA LUMPUR: There should be more allocation for the palm oil industry to further ramp up research and development (R&D) for the commodity and for the production of more downstream products, according to the Malaysian Palm Oil Council (MPOC).

KUALA LUMPUR (Oct 5): Germany’s palm oil ban is based on false information and it signalled a wilful blindness to environmental facts, Palm Oil Monitor said in a post on its website.

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed at an all-time high yesterday, mainly driven by tight supplies and strong demand from China.

Egypt’s state grains buyer, the General Authority for Supply Commodities (GASC), on Tuesday said it had bought 36,000 tonnes of soyoil for arrival between Nov. 25 and Dec. 20 in an international tender.

KUALA LUMPUR (Oct 5): There should be more allocations for the palm oil industry to further ramp up research and development (R&D) for the commodity and for the production of more downstream products, said the Malaysian Palm Oil Council (MPOC).

KUALA LUMPUR: Malaysian palm oil futures rose over 1% on Monday, closing near a record high hit last week as polls show a slight decline in September stockpile and a slow output rise.

Chicago soybean futures slid for a third consecutive session on Monday to hit their lowest in more than nine months as higher U.S. stocks weighed on the market.

PARIS- European Union farmers are expected to expand the bloc's rapeseed area by 7% for the next harvest, encouraged by soaring prices on an expected drop in supplies to record lows, consultancy Strategie Grains said in a report.

KUALA LUMPUR (Oct 4): Malaysia's palm oil inventories at the end of September are expected to ease slightly from a 14-month peak hit in August, as skyrocketing exports offset an uptick in production.