Archived News
08-10-2020
VEGOILS-Palm firms on lower output outlook; weak crude, soyoil cap gains
Malaysian palm oil futures firmed on Wednesday on lower production outlook amid wet weather and tightening coronavirus restrictions, but weaker crude and soyoil capped gains
08-10-2020
Malaysian palm oil at a crossroads
Malaysia’s freeze on cross-border hiring in response to Covid-19 has left oil palm estates grappling with a lack of hands during their peak harvesting season, and at a potential turning point in the industry’s labour dynamics.
08-10-2020
CPO target price raised by RM200, thanks to better growth
The target price for crude palm oil (CPO) has been revised upward to RM2,500 per tonne for this year and RM2,600 per tonne for next year, according to Kenanga Investment Bank Research, an increase of RM200 in both cases.
08-10-2020
Indonesia’s food estate programme to expand new plantations in forest frontiers
To expand the project into North Sumatra and Papua, the government is seeking out private investors, but activists say this risks a repeat of the current corporate takeover of Indigenous and community lands
08-10-2020
Fitch: La Nina to boost FFB, CPO production in 2021
CPO price is anticipated to average at RM2,520 per tonne or higher for the remainder of 2020 and drop to RM2,352 per tonne in 2021
08-10-2020
Food companies urge Britain to adopt tougher rules to protect tropical forests
Supermarkets, food manufacturers and restaurant chains under pressure from campaigners over their environmental impact urged Britain on Monday to strengthen a plan to stop tropical forests from being cut down to grow cocoa, palm oil and soy.
08-10-2020
Argentine farmers warn that tax cuts favour oilseed crushers and won’t prompt sales
A new export tax regime in Argentina leaves a higher levy on soybeans than processed soy oil and soy meal, prompting claims that the country is subsidising the oilseed crushing industry.
07-10-2020
Palm oil jumps over 3pc `
Malaysian palm oil futures climbed more than 3% on Tuesday, tracking gains in rival soyaoil and boosted by forecasts of lower production as a La Nina weather pattern brought heavy rains
07-10-2020
WRO on palm oil not evidence-based
THE announcement by the US Customs and Border Protection (CBP) on Sept 30 that palm oil and palm oil products by Felda Global Ventures (FGV) is now subject to a Withhold Release Order (WRO), which effectively means their detention at entry ports, has caught Malaysia by surprise.
07-10-2020
Thailand promotes orchid exports under FTAs with 17 countries
The Commerce Ministry’s Department of Trade Negotiations (DTN) is promoting the export of orchids under free-trade agreements (FTAs) with 17 countries so the plants are exempted from import tax.
07-10-2020
MPOB to provide joint study with ILO on Malaysia's labour situation to US
A study on the labour situation in the country's oil palm sector is expected to be announced soon after the Cabinet approval, the Malaysian Palm Oil Board (MPOB) said
07-10-2020
With soft oils on the boil, imports on a high
The share of soybean oil and sunflower oil in the basket edible oils imported by India is likely to go up during the current oil year (November 2019-October 2020), if the trend of last few months is any indication