Archived News

KUALA LUMPUR (Feb 18): Kuala Lumpur Kepong Bhd (KLK) emerged as one of the top gainers in the local bourse on Friday (Feb 18) after its share price hit an all-time high as the asking price of crude palm oil (CPO) futures topped RM6,000 a tonne for the first time on Thursday (Feb 17) at RM6,050.

KUALA LUMPUR: Plantation Industry and Commodities Minister, Datuk Zuraida Kamaruddin today said her proposal to bring several palm-oil related agencies to work together was primarily aimed at saving time and taxpayer’s money.

Due to the ever-increasing demand of edible oils caused by the increased consumption of high-value value food products, there is an unprecedented opportunity of improving the farmer’s income. Moreover, India has been importing edible oils and its derivatives annually worth ₹70,000 crore or more.

MUMBAI (Feb 18): Indian traders have contracted to import a record 100,000 tonnes of soyoil from the United States because of limited supplies from drought-hit South America, at a time when prices of rival palm oil are scaling record highs, three dealers told Reuters.

KUALA LUMPUR: Crude palm oil (CPO) prices could remain elevated until the first half (1H) of 2022 but may soften as production of global vegetable oils picks up, said Affin Hwang Capital.

PUTRAJAYA: In the face of threats that the United States and the European Union will impose sanctions on palm oil, Malaysia is looking to develop new markets for the commodity.

Malaysia has maintained its March export tax for crude palm oil at 8% and raised its reference price, a document on the Malaysian Palm Oil Board website showed on Wednesday.

KUALA LUMPUR (Feb 16): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower on Wednesday on improving production for the first half of February.

KUALA LUMPUR: Sime Darby Plantation Bhd's (SDP) commitment to making sweeping changes to its labour practises is a clear signal that the Malaysian palm oil sector is serious about its global responsibilities.

The CME Group’s soybean market rocketed higher and finished on its daily highs. At the close, the March corn futures settled 9¢ higher at $6.47. May futures ended 8¾¢ higher at $6.45. December futures finished 4¢ higher at $5.93.

Makassar, S Sulawesi (ANTARA) - Trade Minister Muhammad Lutfi ensured stable availability of premium and simple packaged cooking oil in the next week, or at the latest, by the end of February 2022.

February 17, 2022: Malaysian palm oil futures firmed on Thursday, lifted by an overnight rally in rival soyoil, although gains were held back by weaker crude prices and a survey signalling an improvement in the country's palm oil production.