Archived News

India’s move to resume importing Malaysian palm oil besides seeking Malaysia’s expertise for the commodity in the form of technology transfer illustrate the upswing of trade ties between both countries, says the Consortium of Indian Industries in Malaysia (CIIM).

Malaysia’s exports in June saw a strong rebound as economies globally reopened, paving the way for a good uptick in economic activities in the second half of the year.

The Ministry of Plantation Industries and Commodities (MPIC) intends to change the status of oil palm replanting assistance (BTS) from loans to grants under the 12th Malaysia Plan (12MP).

Refined Soya Oil futures slipped today as bearish cues from palm oil markets and lack of demand in local futures after recent spurt capped the downside.

Sime Darby Plantation, one of the world’s largest palm oil companies, has withdrawn from the High Carbon Stock Approach (HCSA), a methodology companies use to implement commitments to stop cutting down forests.

Malaysia's exports grew 8.8 percent year on year to 82.87 billion ringgit (about 19.5 billion U.S. dollars), showing signs of recovery from the COVID-19 impact, official data showed Tuesday.

Sime Darby Plantation Bhd (SDP) has been facing rising expenditure in sustainable practices over the years and the trend is unlikely to reverse anytime soon, said its chief sustainability officer (CSO) Prof Dr Simon Lord.

The government will use the slogan “Sawit Anugerah Tuhan” (Palm Oil is God’s Gift) to promote Malaysian palm oil overseas.

Malaysian palm oil futures ended a three-session rally to drop nearly 4% on Monday as traders booked profits and on expectations of higher output.

Labour shortages, bad weather and reduced fertilizer application will hit palm oil production this year, according to the Council of Palm Oil Producing Countries (CPOPC).

Terengganu state government's subsidiary TDM Bhd will continue to prioritise sustainable and profitable growth for both its core segments — plantation and healthcare.

RHB Investment Bank Bhd maintained its “buy” call for Sarawak Oil Palms Bhd, and raised its target price for the company to RM4.20 from RM3.75 on the back of strong expected earnings and a decent valuation.