Archived News

The US ban on palm oil products from FGV Holdings Berhad (FGV) is unlikely to have a deep or lasting impact on the sector in Malaysia for now, Datuk Khairuddin Aman Razali told Parliament today.

Plantation Industries and Commodities Minister Khairuddin Aman Razali has lauded the high price set in the daily Malaysia price for crude palm oil (CPO) as listed by the Malaysian Palm Oil Board (MPOB).

The European Union (EU) has lauded Pakistan’s progress towards meaningful implementation of the Financial Action Task Force (FATF)’s Action Plan and also encouraged Islamabad to complete the Action Plan, as the EU also expressed a strong political commitment towards the GSP+ preferential trade regime.

China's accumulated imports of goods will exceed US$22 trillion (S$30 trillion) over the next decade, and the country is accelerating its opening up despite the global coronavirus pandemic, Chinese President Xi Jinping said yesterday.

Malaysian palm futures hit a near 10-month high on Wednesday, riding on expectations of a drop in October stockpiles and lower output, although volatile global trading ahead of the US election results limited gains.

Chicago corn, wheat and soybean futures were little changed on Wednesday as a tight U.S. presidential election encouraged grain markets to consolidate after recent price swings

Malaysia’s palm oil stocks are likely to have fallen 8% month-on-month (m-o-m) to 1.59 million tonnes at end-October, the lowest for the month since 2016, due to lower output, coupled with higher exports, said CGS-CIMB.

Crude palm oil futures traded firm at Rs 843.30 per 10 kg on November 4 as participants increased their position as seen by the open interest. Malaysian palm oil futures gained 0.71 percent to trade at 3,092 Ringgits on Bursa Malaysia Bhd.

Malaysian palm oil futures gained on Wednesday, lifted by expectations of tighter October stockpiles and lower production, although gains were capped as U.S. election results made global markets nervous.

FGV Holdings Bhd (FGV) is expanding its presence in India’s oil palm seed market by targeting to sell another 1.5 million seeds by 2021 following growing market demand for premium oil palm seeds in the country.

The recent block on palm oil imports from Malaysian producer FGV holdings by US Customs and Border Protection (CBP) has not only been ineffective, but is more likely to worsen the plight of the smallholder farmers who have been badly hit by the measures

Agricultural markets globally are currently under multiple influences, least of which is weather. From August onwards, a wet weather phenomenon called La Nina has taken hold