Archived News

KUALA LUMPUR: There are no specific indications of Malaysian businesses pulling out of Myanmar following the coup early this month but some might rethink the decision if the situation worsens, said vice president of the Malaysian Economic Association Dr Evelyn S. Devadason. The University of Malaya professor said Myanmar is also highly unlikely to be an investment choice for new investors, at least during the year-long emergency period, due to uncertainties in the wake of the coup.

SINGAPORE: Malaysian palm oil futures climbed more than 2% on Tuesday, extending gains into a second session on the back of cargo surveyor data showing higher exports, while stronger rival soyoil on the Chicago Board of Trade also lent support.

MUMBAI, Feb 15 (Reuters) - India raised the base import price of crude palm oil by $32 to $1,045 per tonne, the government said in a statement on Monday.

KUALA LUMPUR (Feb 15): Malaysian palm oil product exports for Feb 1-15 rose 27.4% to 530,545 tonnes, from 416,565 tonnes shipped during Jan 1-15, cargo surveyor Intertek Testing Services (ITS) said today.

KUALA LUMPUR, Feb 15 — The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher backed by stronger export data, according to an analyst.

KUALA Lumpur Kepong Bhd (KLK) is expected to chart a higher profit in its first quarter of financial year 2021 ended Dec 31, 2020 (1QFY21), driven by contracted supplies which had triggered the crude palm oil (CPO) prices, said analysts at Bloomberg Intelligence.

KUALA LUMPUR: Sime Darby Plantation Bhd is offering various positions and job opportunities across its upstream and downstream operations for unemployed locals who are seeking to improve their current situation, or build a new life for their families in nurturing communities.

The Philippine Coconut Authority (PCA) is calling on the National Biofuels Board (NBB) to raise the Coco Methyl Ester (CME) content of biodiesel sold in the domestic market to 5%. The present blend of biodiesel currently in the country consists of 2% CME and 98% regular diesel.

PARIS: European Union soybean imports in the 2020/21 season that started last July had reached 9.17 million tonnes by Feb. 14, data published by the European Commission showed on Monday.

As the world’s largest producer and consumer of palm oil, the palm oil industry has become an important part of Indonesia’s economy.

CAIRO - Egypt's state grains buyer, the General Authority for Supply Commodities (GASC,) said on Monday it was seeking vegetable oils in an international purchasing tender for arrival April 1-15.

NEW DELHI (Feb 13): India imported more than 500,000 tonnes of palm oil from Malaysia in January out of its overall edible oil imports of about 1.07 million tonnes.