Archived News

Setiono Ono pauses his morning wildfire patrol near the northeastern coast of Sumatra island at a small timber dam between a logged area and an oil palm plantation.

KUALA LUMPUR, Oct 15 — FGV Holdings Berhad (FGV) contacted the US Customs and Border Protection (CBP) agency for details on the claims that led to an effective import ban on the firm’s palm oil products there but did not receive any.

KUALA LUMPUR, Oct 15 (Reuters) - Exports of Malaysian palm oil products for Oct. 1 to Oct. 15 fell 2.12% to 763,772 tonnes from 780,305 tonnes during Sept 1-15, according to independent inspection company AmSpec Agri Malaysia.

KUALA LUMPUR, Oct 15 - Malaysian palm oil futures fell on Thursday, down for a second straight session, ahead of data later in the day that is likely to show a decline in exports for Oct. 1 to Oct. 15.

KUALA LUMPUR: Malaysian palm oil futures fell more than 2% on Thursday, dragged down by lower crude oil prices and demand worries driven by lower exports in the Oct. 1 to 15 period.

The UK’s proposed Due Diligence Regulation has re-kindled the idea of a VPA-FLEGT arrangement for Indonesian palm oil.

THE US Customs has told Malaysia's FGV Holdings it would consider a petition to revoke an import ban on the company's palm oil products if it can provide credible evidence that it does not use forced labour, FGV said on Thursday.

PETALING JAYA: Planters are expected to post stronger third-quarter results for the financial year 2020 (FY20), thanks to the rally in crude palm oil (CPO) prices and higher production, say analysts.

The growing global demand for palm oil has led to a rapid spread of oil palm monoculture plantations in South East Asia. This is often associated with the loss of natural habitat and biodiversity. Oil palm monocultures are uniformly structured and therefore offer little space for different species

KUALA LUMPUR: China today expressed its commitment to purchase 1.7 million tonnes of palm oil from Malaysia until 2023, said Datuk Seri Hishammuddin Tun Hussein.

LETTERS: Against the backdrop of a global economic slowdown due to the impact of the Covid-19 pandemic, the country's economic players welcomed Bank Negara Malaysia's announcement recently of its 2020 forecasts for the country's gross domestic product (GDP).

KUALA LUMPUR: Malaysian palm oil futures fell on Wednesday after seven consecutive day of gains, as low biodiesel consumption in top producer Indonesia and expectations of a decline in exports weighed on sentiment.