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It has been a year and a half since Datuk Haris Fadzilah Hassan took the helm at ailing plantation giant FGV Holdings Bhd. The ride thus far has had its fair share of challenges, which include disputes with major shareholder Federal Land Development Authority (FELDA), high operating costs and the need to diversify the group's earnings base.

Indonesia's plans to raise the bio-content of its palm oil-based biodiesel to 40% - known as B40 - is back on schedule with a target for implementation by July 2021, Coordinating Minister for Economic Affairs Airlangga Hartarto has announced.

Recently, Soybean Processors Association of India (SOPA) sought a quantitative quota and higher import duty for crude soybean and sunflower oils citing "unbridled and burgeoning" imports of edible oils in India - hurting interests of the farmers and processors.

Malaysia’s crude palm oil (CPO) production staged an impressive recovery of 35 per cent in the second quarter of the year (2Q20), led by Peninsular Malaysia and Sabah

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade range-bound next week at between RM2,650 and RM2,750 per tonne, said a dealer.

Overall oil consumption is likely to contract by 8.7% this year, a record decrease, to 144 million litres per day (MLD) on average, from 157 MLD last year, because of the Covid-19 impact, says the Department of Energy Business (DOEB).

THE palm oil industry needs to step up its game to solve the transboundary haze problem that mainly affects three South-East Asian countries — Malaysia, Indonesia and Singapore.

THE price of natural rubber (NR) is not reflective of its fundamentals, as poor global automotive production and sales led to subdued growth of the commodity.

The Malaysian Palm Oil Board (MPOB) has developed the world's first automated detection system to track bagworm species "metisa plana", which is a leaf-eating insect that attacks oil palm.

IOI Corporation Bhd (IOI Corp) credits its earlier decision to embark on a digital transformation programme which has resulted in the group realising greater operational efficiencies.

Crude palm oil futures climbed to Rs 717 per 10 kg on July 29 as participants increased their long positions.

Kenanga Research is unconvinced that the price of crude palm oil (CPO) will keep going this year as the low stock situation is going to be temporary.