Archived News

PUTRAJAYA, Dec 13 — As a country committed to enhancing trade liberalisation through a multilateral trading system centred on the World Trade Organisation (WTO), Malaysia viewed anti-palm oil campaigns and resolutions as damaging to trade relations and contradictory to the principles of free trade.

KUALA LUMPUR (Dec 13): MIDF Research has maintained a 'positive' stance on the plantation sector with a target price for crude palm oil (CPO) of RM3,300 per tonne in calendar year 2022 (CY22).

KUALA LUMPUR: Despite the bullish crude palm oil (CPO) prices, the valuations of plantation stocks on Bursa Malaysia will likely remain held back by the environmental, social and governance (ESG) concerns moving forward.

Rising palm oil prices cut the discount Imports of soyabean oil doubled, while that of crude palm oil (CPO) came down during November compared with October as rising palm oil prices reduced the discount it had been enjoying in the global market.

SINGAPORE: Palm oil may test a resistance at 4,873 ringgit per tonne, a break above which could lead to a gain to 4,948 ringgit.

KUALA LUMPUR: Malaysian palm oil futures slid on Monday, tracking losses in rival oils and as larger-than-expected November inventories weighed on market sentiment.

PETALING JAYA: Malaysia has ventured into the production of second-generation biodiesel and biojet fuel, which are expected to be commercialised to the global market in the next four to five years, Bernama reported, citing Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin.(pic)

13/12/2021 (Bernama), Kuala Lumpur - Bursa Malaysia opened higher in early trade on Monday (Dec 13), rebounding from last week's losses, taking its cue from the stronger performance of Wall Street last Friday despite US inflation fear.

10/12/2021 (The Star) - PUTRAJAYA: The government has agreed to extend the Cooking Oil Price Control Mechanism programme until March next year at a cost of RM150mil, says the Domestic Trade and Consumer Affairs Ministry.

10/12/2021 (The Economic Times) - The days of cheap cooking oil may not return soon for Indian consumers. The new normal base level price of the kitchen essential is expected to be in the Rs 100 to 105/kg range next year, up by up to 30% from 2019 levels.

11/12/2021 (Money Control Online) - Edible oil prices declined by Rs 8-10 per kg in last one month mainly on the back of lower import duties and may fall by Rs 3-4 per kg in coming months on higher domestic output of oilseeds and bearish trend in global markets, according to industry body SEA.

11/12/2021 (The East African) - Tanzania is now working closely with Uganda to study best practices that will help boost production of edible oil seeds going by Kampala’s success in producing palm oil.