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MARKET DEVELOPMENT  
  28-09-2020

NCAM tasks stakeholders on appropriate technologies for enhanced productivity

Despite the country’s array of fertile land, billions of naira are spent yearly on food importation, due to failure to utilise its abundant inherent resources.

MARKET DEVELOPMENT  
  25-09-2020

Africa the next Malaysian palm oil growth area

Africa, a continent with a population of over 1.3 billion and expected to increase to 2.5 billion by 2050, offers bright prospects for Malaysian palm oil, with demand likely to come from industries such as food, cosmetics and pharmaceuticals, say palm oil experts.

MARKET DEVELOPMENT  
  25-09-2020

MPOB develops transport monitoring system to prevent misconduct

THE Malaysian Palm Oil Board (MPOB) has developed a monitoring system to track palm oil transport vehicles to prevent misconduct.

MARKET DEVELOPMENT  
  25-09-2020

Rice, edible oil prices too go up

Prices of rice and edible oil continued to rise in the city’s kitchen markets after a sharp increase in the onion price across the country.

MARKET DEVELOPMENT  
  25-09-2020

FDA and Solidaridad collaborate to improve palm oil production

In a bid to promote high-quality oil palm production in the country, Solidaridad, an international civil society organization, in partnership with Food and Drugs Authority (FDA), will train palm oil producers in the last quarter of 2020.

MARKET DEVELOPMENT  
  25-09-2020

Capitol Food Co. to sell Wilmar’s boxed palm products in North America

Capitol Food Co., formerly Capitol Milling Co., announced an agreement with Wilmar International Ltd. for the sales and distribution of Wilmar’s Natural Boxed Palm products in North America.

MARKET DEVELOPMENT  
  25-09-2020

United Malacca reports RM3.55m net profit for 1Q

United Malacca Bhd posted a net profit of RM3.55 million for the first quarter ended July 31, 2020 (1QFY21), compared with a RM60.75 million net loss for 4QFY20.

MARKET DEVELOPMENT  
  24-09-2020

No intention to replace palm oil with bamboo as Malaysia’s main commodity — MPIC

KUALA LUMPUR: The Ministry of Plantation Industries and Commodities (MPIC) expects palm oil to remain as the country’s main commodity and has no intention of replacing it with bamboo.

MARKET DEVELOPMENT  
  24-09-2020

Palm oil extends losses on weak Dalian, crude prices, rising output woes

KUALA LUMPUR: Malaysian palm oil fell for a third straight session on Wednesday, tracking weakness in rival edible oils on the Dalian exchange and crude prices, while concerns over fresh COVID-19 lockdowns in Europe and rising output also weighed on sentiment.

MARKET DEVELOPMENT  
  24-09-2020

Sime Darby Plantation banks on downstream business for growth

ALREADY the world’s largest producer of certified sustainable palm oil (CSPO), Sime Darby Plantation Bhd (SDP) will continue with its sustainability drive, which includes not acquiring more plantation land.

MARKET DEVELOPMENT  
  24-09-2020

Palm oil falls over 3pc

KUALA LUMPUR: Malaysian palm oil futures fell more than 3% on Wednesday, tracking weaker rival oils while expectations of rising production in top producing countries further pressured prices.

MARKET DEVELOPMENT  
  24-09-2020

India's summer-sown grains output seen at 144.52 million tonnes in 2020/21

NEW DELHI, Sept 22 (Reuters) - Indian farmers are expected to harvest a record 144.52 million tonnes of grains from summer-sown crops in the crop year to June 2021, the government said on Tuesday, against 143.38 million tonnes gathered in the previous year.