Archived News

MALAYSIA’S exports returned to contraction of 2.9% year-on-year (YoY) in August 2020 at RM79.14 billion, compared to RM81.41 billion in the same month last year due to weak demand from regional partners despite recording positive growth in two consecutive months.

PALM oil producers in the country may now have a reason to smile after the government's decision to disburse about 1.4bn/- to Tanzania Agricultural Research Institute (TARI) as budget support to increase production.

Malaysia on Monday said it will impose strict movement restrictions in four districts in its largest palm oil producing state Sabah after reporting more than 1,000 coronavirus infections there in September.

Stakeholders in the oil palm industry, at the weekend, sought a review of the Roundtable for Sustainable Palm Oil (RSPO) National Interpretation (NI) to transform the sector.

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended mostly higher today, driven by the impending rainy season which will lead to lower production.

Fima Corporation Bhd is proposing to buy two pieces of leasehold plantation land measuring 3,237 hectares (ha) in GuaMusang, Kelantan for RM51.5 million.

Malaysian palm oil futures ended unchanged on Monday as gains stemming from supply concerns after Malaysia said it would impose fresh COVID-19 curbs offset losses from China traders unloading positions ahead of a week-long holiday.

The coming La Nina weather phenomenon that will bring heavier than usual rainfall may determine the pace of the current upward trend of crude palm oil (CPO) prices.

We are familiar with rice, oil palm, rubber and durian. Rubber is grown for rubber latex, which finds wide use in thousands of products that have served us all well.

The Minister of Youth and Sports Development, Mr. Sunday Dare, has partnered the National Directorate of Employment to train 20 youths from Oyo on modern agricultural techniques.

The federal Plantation Industries and Commodities Ministry welcomes all forms of cooperation from Sarawak’s palm oil stakeholders in creating new markets at state, national and international levels, especially for local products with the Malaysian Sustainable Palm Oil (MSPO) certification.

The Oil Palm Growers Association of Nigeria (OPGAN) has commended President Muhammadu Buhari and the Central Bank of Nigeria (CBN) for empowering smallholder farmers under the Anchor Borrower Programme (ABP).