Archived News

17/01/2024 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures fell on Wednesday as weakness in rival vegetable oils in the Dalian and Chicago futures markets weighed on sentiment.

17/01/2024 (PHYS Org) - "Tropical forests are a critical resource," says Xavier Warnes, Ph.D. '21, a postdoctoral researcher at Stanford Graduate School of Business. "They store huge amounts of carbon, they affect weather patterns and water systems, and they contain around 80% of the world's biodiversity."

18/01/2024 (Newstap), Hyderabad - In a significant development at the World Economic Forum in Davos, Telangana Chief Minister A Revanth Reddy held a crucial meeting with Nadir Godrej, chairman and MD of Godrej Industries Ltd.

17/01/2024 (Daily Express), Petaling Jaya - The domestic trade and cost of living ministry has urged consumers to be wary of scammers selling cooking oil packaged in 1kg polybags online.

17/01/2024 (China Dialogue) - For the past 12 years, Malaysian wildlife veterinarian Zainal Zainuddin has been quietly developing the world’s largest collection of living fig trees. Spread over three one-hectare sites in Sabah, northern Malaysian Borneo, it includes more than a thousand plants of 87 Ficus species. There are strangler figs, climbers – with figs bigger than tennis balls – and trees that produce figs on their trunks, or even on underground runners.

On Monday, Malaysian Palm Oil futures faced a downturn, bringing an end to a seven-session winning streak, as concerns about demand in crucial markets exerted downward pressure. Nonetheless, a reduction in producing Palm Oil played a mitigating role in limiting the extent of the losses.

KUALA LUMPUR, Jan 16 (Reuters) - Malaysian palm oil futures rose on Tuesday, driven by top importer India's move to allow edible oil imports at a concessional duty for one more year.

China’s once-soaring soybean demand will slow by about a fifth in the first quarter from a year earlier after record slaughter shrank pig herds, pressuring prices ahead of an expected glut of South American beans, analysts and traders said.

MUMBAI, Jan 16 (Reuters) - India will extend edible oil imports at a lower duty by another year until March 2025, the government said in a notification issued late on Monday, as the world's biggest vegetable oil importer moves to contain local prices.

MIRI, Jan 16 — Sarawak Dayak Oil Palm Planters Association (Doppa) members say they are willing to pay for Native Customary Rights (NCR) land surveys to expedite the state government’s efforts and enable the early issuance of perpetuity land titles.

16/01/2024 (New Straits Times) - Singapore's Wilmar International said on Tuesday its Chinese unit Yihai Kerry Arawana Holdings had denied involvement in an alleged China palm oil fraud.

15/01/2024 (The Star Online), Kuala Lumpur - OCBC Global Markets Research has revised its 2024 crude palm oil (CPO) prices to average RM3,650 per tonne up from the previous estimate of RM3,400.