Archived News

Harga komoditas kelapa sawit di Sumatra Selatan berangsur naik seiring meningkatnya permintaan pasar ekspor dari sejumlah negara tujuan.

The federal government has taken several measures to ease the burden of farmers affected by the falling prices of commodities, a federal minister said yesterday.

In today’s fragmented world, the power of any aspiring global player depends on the number and quality of its bilateral and multilateral relationships. In which partner should India invest? The European Union (EU) is one.

While retail consumption in India is on the rise and is expected to inch up further in the coming festive season, it is the hotel, restaurant and café (HoReCa) sector that holds the key for palm oil demand, according to a Malaysian Palm Oil Council (MPOC) official.

Indonesia hopes to conclude negotiations for a trade agreement with the European Union next year to bolster the country’s economic recovery after the pandemic, but policies on palm oil remain a major sticking point.

India's soybean production is set to jump by at least 15% in 2020 from a year earlier as farmers are increasing the oilseed's acreage due to timely arrival of monsoon rains and as New Delhi raised the minimum buying price.

Indonesia's state oil company PT Pertamina produced its first successful batch of biodiesel made up of 100% palm oil (D100) in its Dumai refinery last week and is set to produce 1,000 barrels per day (bpd), the company said on Wednesday.

Malaysian palm oil futures surged 3% to touch a four-month high on Tuesday on expectations of improving exports ahead of cargo surveyor data due Wednesday.

The cabinet on Tuesday ordered working panels be set up to tackle oil palm prices in five southern provinces while instructing the Electricity Generating Authority of Thailand (Egat) and the Energy Ministry to accelerate purchasing additional crude palm oil to help boost domestic palm oil prices.

The federal government has taken several measures to help ease the burden on farmers who are affected by the falling prices of commodities.

The ringgit was higher at the opening, tracking the higher crude oil price currently trading at US$43 per barrel, up by 0.23 per cent, ahead of the virtual joint ministerial monitoring committee (JMMC) of the Organisation of the Petroleum Exporting Countries (OPEC) meeting later today to recommend levels for future supply cuts.

Crude palm oil (CPO) production in Malaysia is expected to top 20 million tonnes this year