Archived News
05-10-2020
Smallholders association slams US import ban on palm oil products from Malaysia’s FGV
KUALA LUMPUR, Oct 5 — The National Association of Smallholders Malaysia (NASH) has slammed the United States ban on palm oil products produced by Felda Global Ventures (FGV).
05-10-2020
FGV hopes to lift US ban on its palm oil, products as soon as possible
KUALA LUMPUR (Oct 5): FGV Holdings Bhd said it working towards resolving issues related to the ban on the company’s palm oil in the US and getting the US Customs and Border Protection's (CBP) withhold release order (WRO) against palm oil and palm oil products made by the plantation group lifted as soon as possible.
05-10-2020
RSPO reveals strong growth in sustainable palm oil
Sales of the ethically sourced cosmetics ingredient bloomed by 13% in 2019, boosted by sustainability initiatives from beauty giants such as L'Oréal and Esteé Lauder Companies
05-10-2020
VEGOILS-Palm oil firms as crude rebounds on positive signals from Trump doctors
KUALA LUMPUR, Oct 5 - Malaysian palm oil futures tracked rebound in oil prices on Monday after doctors for U.S. President Donald Trump suggested he could be discharged from hospital soon, a few days after his COVID-19 results sparked widespread alarm.
05-10-2020
US' Malaysia palm oil sanctions worry Indonesian firms
Indonesia's palm oil sector said on Friday that US sanctions on Malaysian palm oil firms had damaged the image of the palm oil industry.
05-10-2020
CPO futures end lower amid surge in COVID-19 cases
KUALA LUMPUR (Oct 2): Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed lower today, largely influenced by the spike in COVID-19 cases globally.
02-10-2020
Watawala Plantations becomes South Asia’s first RSPO certified palm oil plantation
Watawala Plantations PLC, has reached the next milestone in its development of sustainable oil palm plantations, achieving the Roundtable on Sustainable Palm Oil (RSPO) certification for palm oil mill and concessions in Galle District.
02-10-2020
VEGOILS-Palm oil tracks strength in U.S. soyoil prices, up 1.7%
Malaysian palm oil futures rose 1.7% on Thursday, tracking gains in soyoil on the Chicago Board of Trade (CBOT) following a United States Department of Agriculture (USDA) report that showed stockpiles were lower than expected.
02-10-2020
Palm oil prices may decline slightly at end-2020 as crop production rises, says IOI Corp Group MD
Palm oil prices may decline slightly towards the end of this year from the current strong level, said IOI Corp Bhd group managing director (MD) and chief executive Datuk Lee Yeow Chor.
02-10-2020
Shares of Malaysia's FGV plunge after U.S. ban on its palm oil products
Shares in Malaysian palm oil producer FGV Holdings Bhd plunged nearly 10% on Thursday after the United States banned its products over forced labour allegations, a move analysts warned could have a ripple effect across the industry.
02-10-2020
KLCI stays weak as manufacturing sector loses momentum, FGV falls 7.8% on US palm oil import ban
The main index of Bursa Malaysia started the final quarter of 2020 on a weaker note and stayed below the 1,500-point level as the Malaysian manufacturing sector showed signs of losing momentum at the end of the third quarter, while index-linked plantation stocks dragged.
02-10-2020
Malaysia Says It Will Act Against Palm Oil Firms Violating Labor Laws
Malaysia said Thursday it would take action against companies that violate labor laws and would send a comprehensive study on the situation in the country’s palm oil sector to the United States to avoid further American restrictions on the commodities.