Archived News

KUALA LUMPUR (Jan 7): Oil World editor and chief executive officer (CEO) Thomas Mielke predicted today that annual growth in oil palm output will slow in the years ahead due to a confluence of factors, including a lack of replanting and lower yields.

Weather disruption and labour shortages mean global palm oil production is unlikely to stay on trend to hit growth projections of more than 6 million tonnes this year, a leading sector analyst told a virtual conference.

KUALA LUMPUR, Jan 7 - Malaysian palm oil futures eased on Thursday as traders booked profit after the edible oil approached a 10-year high in the previous session, though tepid outlook about global supply limited losses.

KUALA LUMPUR (Jan 7): In a year of two halves seen for crude palm oil (CPO) prices, Godrej International Ltd director Dorab Mistry predicted today Malaysia CPO prices may fall dramatically in the second half of 2021 (2H21) in anticipation of higher oil palm output after an expected stronger prices for CPO in 1H21.

KUALA LUMPUR (Jan 7): UOB Kay Hian has raised its crude palm oil (CPO) average selling price (ASP) forecast for 2021 to RM3,000 per tonne, from RM2,600 per tonne, as the current price has increased more than expected.

KUALA LUMPUR (Jan 7): The agri-commodity sector recorded RM169.2 billion in trade value for the first 11 months of last year, up 10.6% against RM153 billion in the same period in 2019.

KUALA LUMPUR (Jan 6): There are huge growth opportunities for Malaysian palm oil in the African continent, the Chief Executive Officer (CEO) Forum at the Palm Oil Trade Fair and Seminar 2021 (POTS 2021) was told today.

KUALA LUMPUR: It is prime for the palm oil industry to collaborate more comprehensively with competing seed oil producers, offering a multi-oils solution as a way for a sustainable industry in post-pandemic. IOI Corporation Bhd group managing director and chief executive officer Datuk Lee Yeow Chor said the seed oil sector is also equally important for the socio-economic development of a country, similarly in the same way that palm oil has been important for Malaysia and Asia.

KUALA LUMPUR, Jan 6 — Amid the continued allegations premised on the sustainability of the palm oil industry arising mostly from nationalistic sentiment to protect their edible oils industry, palm oil producers acknowledged that the sustainability issue cannot be ignored and they have to level up their game for the longer term.

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives continued to rally for a third consecutive day today, with the benchmark March 2021 closing at a fresh high of RM3,877 per tonne.

Malaysia’s palm oil total export value is expected to surpass rm70 billion in 2020 as palm oil importing-countries are stocking up their inventories due to plunging demand.

PETALING JAYA: Palm oil experts say putting greater emphasis on biodiesel and expanding into markets such as India, China and Africa can be key drivers of growth for the sector.