Archived News

As Nigerians continue to grapple with the impact of coronavirus pandemic, the cost of foodstuffs and other commodities have continued to increase astronomically.

The Malaysian Palm Oil Board (MPOB) has welcomed the move to regularise undocumented migrant workers, saying it will help solve the sector’s persistent labour shortage

Malaysian palm oil futures fell for a second day on Friday, tracking losses in rival oils on the Chicago Board of Trade and the Dalian Commodity Exchange, with a weaker crude oil also weighing on prices.

India imported 518,370 tonnes of palm oil from Malaysia in October, almost 32% more than the previous month's volume.

Malaysia's plantation industry can start to employ undocumented migrant workers already in the country once the government moves to legalise their status from 16 November, according to home affairs minister Hamzah Zainudin.

[KUALA LUMPUR] FGV Holdings, the world's largest crude palm oil producer, said on Thursday it expects to achieve 100 per cent supply-chain traceability by the fourth quarter of 2021.

Indonesia’s exports of crude palm oil (CPO) and its derivatives rose three percent to 2.76 million tons in September this year from 2.68 million tons in August, the Indonesian Palm Oil Association (Gapki) reported.

KUALA LUMPUR (Nov 12): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives has extended its rally for the fourth consecutive day today, boosted by a weaker ringgit against the US dollar.

Manipur Chief Minister N. Biren Singh on Thursday launched the Oil Palm Project, which he said could be an alternative to replace Jhum and poppy cultivations in the state.

Jakarta (ANTARA) - Indonesia's crude palm oil (CPO) production has shown signs of recovery with a consistent production hike in the past three months, the Indonesian Palm Oil Association (Gapki) reported.

PRIO has launched a new green fuel for ships with 15% biodiesel content. Eco Bunkers, developed from raw waste material recycling processes, is produced at PRIO's biodiesel plant in Aveiro in Portugal. Accoring to PRIO, Eco Bunkers allows for a reduction of up to 18% in CO2 emissions.

DBS Research Group analysts William Simadiputra and Woon Bing Yong see plantation stock Bumitama Agri as a potential bargain, arguing that a positive earnings outlook for the stock has yet to have been priced in by the market. They are maintaining their “buy” call on the counter with a $0.66 target price.