Archived News

KUALA LUMPUR (Jan 7): The agri-commodity sector recorded RM169.2 billion in trade value for the first 11 months of last year, up 10.6% against RM153 billion in the same period in 2019.

KUALA LUMPUR (Jan 6): There are huge growth opportunities for Malaysian palm oil in the African continent, the Chief Executive Officer (CEO) Forum at the Palm Oil Trade Fair and Seminar 2021 (POTS 2021) was told today.

KUALA LUMPUR: It is prime for the palm oil industry to collaborate more comprehensively with competing seed oil producers, offering a multi-oils solution as a way for a sustainable industry in post-pandemic. IOI Corporation Bhd group managing director and chief executive officer Datuk Lee Yeow Chor said the seed oil sector is also equally important for the socio-economic development of a country, similarly in the same way that palm oil has been important for Malaysia and Asia.

KUALA LUMPUR, Jan 6 — Amid the continued allegations premised on the sustainability of the palm oil industry arising mostly from nationalistic sentiment to protect their edible oils industry, palm oil producers acknowledged that the sustainability issue cannot be ignored and they have to level up their game for the longer term.

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives continued to rally for a third consecutive day today, with the benchmark March 2021 closing at a fresh high of RM3,877 per tonne.

Malaysia’s palm oil total export value is expected to surpass rm70 billion in 2020 as palm oil importing-countries are stocking up their inventories due to plunging demand.

PETALING JAYA: Palm oil experts say putting greater emphasis on biodiesel and expanding into markets such as India, China and Africa can be key drivers of growth for the sector.

JANUARY 7 ― There’s increasing public exposure these days on the potential use of bio-fertilisers, ie., the use of natural, organic matter.

Kuala Lumpur: The palm oil industry is encouraged to come forward for early consultation following new European Union (EU) or United Kingdom (UK) regulatory initiatives on sustainability to minimise the impact of products placed on the EU market.

SARAWAK Oil Palms Bhd (SOPB) is expected to gain from the crude palm oil (CPO) price uptrend and better contributions from its downstream expansion plan, according to RHB Investment Bank Bhd (RHB Research).

Palm oil exporting countries have been asked to treat Indian palm oil refiners as comrades and not as adversaries. Speaking at the CEO Forum of Palm Oil Trade Fair and Seminar 2021, which was organised by Malaysian Palm Oil Council on a digital platform, Atul Chaturvedi, President of the Solvent Extractors’ Association (SEA) of India, said exporters and importers need to start a campaign to promote guilt-free eating of palm oil by Indian consumers to get a bigger space in the Indian kitchens.

KUALA LUMPUR: Malaysian palm oil futures rallied over 3% on Wednesday, hitting near a 10-year high on forecast of a deep cut in December supply and tracking strength in rival soyaoil prices.