Archived News

Most plantation companies are slowing down their capital expenditure for palm oil mills on the back of falling crude palm oil (CPO) prices and economic uncertainties over Covid-19, analysts note, following a meeting with CB Industrial Product Holding Bhd (CB Industrial) recently.

ICE Canadian canola futures rose on Friday. The market rose on traders with short positions taking profits and was also supported by limited hedge pressure as farmers are not currently active sellers to commercial buyers, a trader said. May canola gained $2.60 to settle at $453.60 per tonne.

Palm plantations in Malaysia, the world’s second largest producer of the commodity, must be allowed to operate during the two weeks of movement curbs ordered to rein in the spread of a coronavirus, a group of growers said on Tuesday.

Downgrade to neutral: Crude palm oil (CPO) prices had seen a strong recovery since August 2019 after a lacklustre performance for two years as markets were anticipating a sharp decline in fresh fruit bunch (FFB) production due to prolonged dry weather and lack of fertiliser application by planters due to financial constraint

Malaysian palm oil futures fell on Monday as fears of the rapidly spreading coronavirus outbreak stoked demand worries, though a weaker ringgit limited losses.

The Malaysian government has lowered the tax on crude palm oil exports in April to 5% from 6% in March.

VEGETABLE oil imports fell 10.5 per cent to 11.12 lakh tonnes last month, mainly due to lower shipments of refined palm oil, according to industry data. Import of vegetable oil during February 2020

The conclusion of text-based negotiations for the Regional Comprehensive Economic Partnership (RCEP) in November 2019 paves the way for the economies of the Association of Southeast Asian Nations (ASEAN) to strengthen their economic integration with five of its dialogue partners, namely Australia, the People’s Republic of China, the Republic of Korea, Japan, and New Zealand

Chicago Board of Trade soyabean futures fell on Thursday, joining a broad sell-off in commodities and equities tied to fears that the coronavirus pandemic might trigger a global recession, traders said

CPO futures gained 44% in 2019 and closed at a high of RM3,052 per tonne by end-2019

Emerging countries launched dozens of new investigations against goods from South Korea in line with growing protectionism around the globe, data showed Monday

Subsidies, the Malaysian Sustainable Palm Oil (MSPO) certification, recruitment of foreign workers, and theft of oil palm fresh fruit bunches are among the issues raised by smallholders