Archived News
23-02-2021
Improved prices fuel harvest of immature palm oil fruits
Palm Oil fruit farmers have resorted to harvesting immature fruits because of improved prices. The price of the Fresh Fruit Bunch-FFB increased to Shillings 700 from Shillings 400 in December last year. The price has increased further to Shillings 831 a kilogram.
23-02-2021
Palm rises for second day as rival soy, Dalian oils gain
Malaysian palm oil futures rose for a second straight session on Monday, tracking higher rival soyoil and Dalian oils after US soybean supplies were projected to rise only slightly in marketing year 2021-2022.
23-02-2021
Palm oil may retest support at 3,465 ringgit
Palm oil may retest a support at 3,465 ringgit, a break below which could cause a fall into 3,300-3,405 ringgit range.
23-02-2021
Malaysia's Feb 1-20 palm oil exports up 14.9% mth/mth: ITS
Malaysian palm oil product exports for February 1-20 rose 14.9% to 698,380 tonnes from 607,900 tonnes
19-02-2021
Govt increases cess on palm oil by RM2 to RM16 a tonne
KUALA LUMPUR (Feb 18): The government has increased the cess it collects on palm products comprising crude palm oil (CPO) and palm kernel oil (PKO) produced in Malaysia to RM16 per tonne from RM14.
19-02-2021
Ensuring our palm oil adhere to international standards
The anti-palm oil campaigns and attacks on palm oil by the non-governmental organisations (NGOs) in the West continue to escalate.
19-02-2021
Malaysia's Sime Darby Plantation eyes palm oil output recovery, high prices
MALAYSIA'S Sime Darby Plantation, the world's largest palm oil planter, forecast crude palm oil output in Malaysia and Indonesia would recover from last year's decline, and is optimistic prices will remain high this year.
19-02-2021
SD Plantation sees CPO recovery in 2021
SIME Darby Plantation Bhd (SD Plantation) foresees its crude palm oil (CPO) production in Malaysia and Indonesia recovering from the decline last year, while adopting an optimistic attitude towards high prices for the year.
19-02-2021
VEGOILS-Palm oil slumps 4% on demand concerns, high export tax
KUALA LUMPUR, Feb 18 (Reuters) - Malaysian palm oil futures fell to a one-week low on Thursday, reversing the previous session's gains on fears of lower demand and as Malaysia raised its reference price for March export tax.
19-02-2021
VEGOILS-Palm set for near 2% weekly fall as Malaysia export tax weakens sentiment
KUALA LUMPUR, Feb 19 (Reuters) - Malaysian palm oil futures are set for a weekly decline, despite paring losses on Friday from the previous session's sharp fall, as the country's high export tax has dampened market sentiment.
19-02-2021
Palm oil may test resistance at 3,662 ringgit
SINGAPORE: Palm oil May contract may test a resistance at 3,662 ringgit per tonne, a break above which could lead to a gain into a range of 3,685-3,722 ringgit.
19-02-2021
Fuel U-turn unfortunate
The Energy Ministry's decision to delay the plan to replace gasohol 91 with E20 -- a mix of 20% ethanol and 80% unleaded gasoline 95 -- is bad news for the country's efforts to combat worsening air pollution, especially PM2.5 fine dust particles