Archived News

Malaysian palm oil futures fell 1% on Tuesday, dropping to a one-week low on weak January exports so far and tracking deep losses in rival Dalian oils.

The Ministry of Plantation Industries and Commodities (KPPK) has given an assurance that oil palm plantations will be given permission to operate as usual if the government implements the movement control order (MCO) 2.0.

Malaysian palm oil inventories in December plunged to 1.26 million tonnes, their lowest in more than 13 years, but are expected to rebound to 2 million tonnes by the end of 2021, the industry regulator said on Monday.

Malaysia’s industrial production in November fell for the second consecutive month, declining 2.2% from a year earlier, dragged down by lacklustre mining and electricity output, government data showed on Monday.

Indonesia, the world’s biggest palm oil producer, will increase its refined palm oil exports after raising taxes, leaving Malaysia to become more competitive in crude palm oil (CPO) exports, a leading industry analyst said on Monday.

The robust ringgit is set to leave positive trails onto the equity markets amid a weaker US dollar, as the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 30.24 points to end the first week of 2021 at the day’s high of 1,633.19.

Crude Palm Oil (FCPO) Futures on Bursa Derivatives has reached a 10-year high record at RM3,888 per metric tonne last week and encountered profit-taking activities. March Futures settled at RM3,820 per metric tonne on Friday

An initial public offering on the first trading day of 2021 was almost enough for the Indonesia Stock Exchange to match its most valuable listing during all of 2020 -- giving market investors hope for a strong year in Southeast Asia's largest economy.

In the final week of 2020, the United States imported no crude from Saudi Arabia for the first time in 35 years. But it’s not quite the historic moment it might seem at first sight.

Africa has a reason to smile after the African Free Trade Area Agreement (AFCTA) trading phase began on January 1. The AFCTA is currently the largest trading bloc in the world, comprising 54 African nations. It is larger than the European Union in terms of geographical expansion and the number of member states.

The Oil Palm Growers Association of Nigeria (OPGAN) says the oil palm industry deserves more attention for increased productivity.

BIOFERTILISERS are “natural fertilisers that contain living microorganisms (live biomass or dormant cells of effective microbial strains) which, when applied to seed, plant surfaces, or soil, colonises the rhizosphere (i.e., plant-root interface) and promotes growth by increasing the supply or availability of primary nutrients to the host plant”.