Archived News

KUALA LUMPUR (July 29): The Producer Price Index (PPI) for local production increased 11.5% year-on-year (y-o-y) in June 2021, marking the fifth consecutive month of an upward trend, the Department of Statistics Malaysia (DOSM) said.

Bursa Malaysia opened higher today as investors digested the spillover of overnight US market which was mixed with the Nasdaq rallying while the Dow falling amid a slew of corporate earnings.

Oil palm production in Nigeria is 70 percent controlled by smallholder farmers who face challenges accessing credit and are, therefore, unable to make significant outputs

One of the biggest palm oil growers in Indonesia has announced a plan to rehabilitate an area half the size of New York City to atone for its past clearing of rainforests and peatlands.

Palm oil may revisit its May 12 high of 4,525 ringgit per tonne, as it is about to break a resistance at 4,450 ringgit.

Malaysian palm oil prices dropped slightly on Wednesday, following a more than 7% gain in the past three sessions, although supply disruption concerns limited losses.

Malaysia's trade performance in June 2021 increased by 29.3 per cent year-on-year (YoY) to RM188.70 billion from RM145.90 billion recorded in the previous year.

Palm oil extended an advance to the highest level in two months yesterday amid signs of sustained weakness in Malaysia’s production.

Malaysian palm oil futures rose for a third straight session on Tuesday, tracking gains in rival oils on the Dalian Commodity Exchange and the Chicago Board of Trade (CBOT)

IMPLEMENTING a windfall tax to companies who are making an extraordinary profit from the Covid-19 pandemic could impose a negative perception on potential investors, said Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz.

The government has set the maximum retail prices for pure palm cooking oil in bottled packaging effective Aug 1, with an assurance that consumers can obtain it at under RM30 for a 5kg bottle.

Achievement of the B30 biodiesel development program demonstrates Indonesia's success as a B30 pioneer, Dadan Kusdiana, Director General of New, Renewable Energy, and Energy Conservation (EBTKE) at the Energy and Mineral Resources Ministry (ESDM), said.