Archived News

KUALA LUMPUR: What’s in a name? Well, plenty, apparently, says an academician. For one thing, rebranding harvesters and general workers in the oil palm plantation as “production operators” and “maintenance operators”, respectively, could help to woo more local youths to work in the plantation sector.

MALAYSIA'S state-owned Federal Land Development Authority (Felda) on Tuesday said it agreed on a deal that will see it increase its stake in palm giant FGV Holdings, with the view to taking full control of the world's largest crude palm oil producer.

LOCAL plantation companies are expected to sustain their earnings momentum in the fourth quarter of 2020 (4Q20) on stronger crude palm oil (CPO) prices and lower inventories.

KUALA LUMPUR: Malaysian palm oil futures reversed early gains and fell for a second straight session on Tuesday dragged by lower rival oils, but estimates of declining production in the coming months underpinned the market. The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange settled down 0.77% to 3,366 ringgit ($827.03) a tonne.

JAKARTA: Indonesia is still in line to export 36 million tonnes of palm oil next despite a recent tariff hike on exports, an official told a virtual press conference on Tuesday.

Plans afoot to grow the plantation crop on 8 lakh acres Telangana has decided to give a big push to the palm oil sector by announcing a ₹4,800-crore project to promote the edible oil plantation in the State.

ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Hafeez Shaikh on Monday asked the authorities to take necessary measures to control rising prices of poultry products and edible oil.

The Asian Development Bank has approved a $2.5 million technical assistance (TA) to support advanced biofuel development in India. The grant is funded from the Asia Clean Energy Fund, financed by the Government of Japan under the Clean Energy Financing Partnership Facility, and the Republic of Korea’s e-Asia and Knowledge Partnership Fund.

BLOOMINGTON, Ill. — Drafting policy and voting from a distance, Illinois Farm Bureau delegates approved policies that could move the organization to take a closer look at boosting the use of biodiesel in the state, livestock pricing transparency, and protecting small business from potential liability due to COVID-19.

HAMBURG: Iranian state agency the Government Trading Corporation (GTC) has issued a new international tender to purchase about 30,000 tonnes of sunflower oil, European traders said on Tuesday.

KUALA LUMPUR: Malaysian palm oil futures fell for a third straight session on Wednesday as rival Dalian oils declined, although concerns over declining output kept a floor under prices. The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange slid 15 ringgit, or 0.45%, to 3,351 ringgit a tonne in early trade.

KUALA LUMPUR (Dec 7): The Indonesian government’s decision to revise its export levy structure will hurt upstream palm oil producers in the country, but will be a positive move for Indonesian downstream players and Malaysian planters, opined CGS-CIMB Research.