Archived News

KUALA LUMPUR (Nov 26): Malaysia's palm oil export value to the global market would be affected if Malaysia no longer export the commodity and other palm-based products to the European Union (EU) as the region is the country's second-largest palm oil market after China, said the Ministry of Plantation Indistries and Commodities (KPPK).

KUALA LUMPUR (Nov 26): Vegetable oil refining and production outfit Cargill Palm Products Sdn Bhd will invest US$20 million (RM81 million) to expand and modernize its palm oil production facility in Port Klang which is expected to be completed and running by February 2022.

KUCHING (Nov 26): Sarawak Oil Palm Plantation Owners Association (Soppoa) has objected to the Malaysian Palm Oil Board’s (MPOB) proposal to impose an additional cess of RM5 for every metric tonne of crude palm oil (CPO) and crude palm kernel oil for a year starting January 2021.

KUALA LUMPUR: TH Plantations Bhd (THP) has returned to the black in the third quarter (Q3) ended September 30, 2020 posting a net profit of RM15.77 million from a net loss of RM31.61 million.

KUALA LUMPUR: Techbond Group Bhd (TGB) a homegrown pioneer in developing and manufacturing industrial adhesives and sealants, posted a revenue of RM22.0 million for its first quarter (1Q) ended 30 September 2020 (FY21), an increase of 13.6 per cent or RM2.6 million from RM19.4 million a year ago.

THE “America First” platform espoused by President Donald Trump is a striking characteristic of the billionaire’s administration of the US. In his effort to “Make America Great Again”, Trump had turned the US away from multilateralism.

KUALA LUMPUR (Nov 26): Sarawak Oil Palms Bhd’s net profit for the third quarter ended Sept 30, 2020 (3Q 20) rose to RM73.83 million from RM30.9 million in the same period last year.

KARACHI: The Governing Body of Coastal Development Authority (CDA), Government of Sindh - the apex decision making body on coastal areas of the province - has approved the establishment of palm trees nursery and tissue culture laboratory to expand the palm cultivation and oil extraction project in coastal areas of Sindh.

Expectations of high domestic production of edible oil and sluggish demand decrease imports. India to import edible oil within a range of 12.5 to 13.5 million tonnes in 2020-21.

Singapore — The Indian Ministry of Finance has cut the import duty on crude palm oil by 10% to 27.5%, according to a document sent to S&P Global Platts.

Olam Palm is setting up a new plant producing biofuel from palm oil in Gabon.

KUALA LUMPUR: Malaysian palm oil futures extended early losses on Thursday to close 1.4% lower on worsening November exports, but supply concerns helped limit further slide. The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange fell 46 ringgit to 3,239 ringgit a tonne.