Archived News

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.

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.

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.

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.

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

he food import bill in the first seven months of 2020-2019 stood at $4.64 billion with an increase of 51.9 per cent over the previous year following increased in the trade deficit more than expected.

ISLAMABAD (Dunya News) – Domestic production of cooking oil during first half of current financial year increased by 1.39 percent as compared the production of corresponding period of last year.

KUALA LUMPUR (Feb 17): The application of disruptive technologies will be the driver of innovations in all sectors including the palm oil industry, Minister of Plantation Industries and Commodities Datuk Dr Mohd Khairuddin Aman Razali said.

SINGAPORE: Palm oil May contract may retest a resistance at 3,589 ringgit per tonne, a break above which could lead to a gain into a range of 3,624-3,662 ringgit.

SINGAPORE, Feb 17 - Malaysian palm oil futures climbed nearly 3% on Wednesday, extending gains into a third session, as rival Chicago Board of Trade (CBOT) soyoil rose and the ringgit weakened.

The government yesterday fixed edible oil prices to tame the volatility in the domestic market and curb price manipulation by a section of unscrupulous traders.

KUALA LUMPUR, Feb 17 — The application of blockchain technology in agriculture can help reduce the cost of transaction for farmers and enables fair trade, Agrichain Technologies Pvt Ltd said.