Archived News
15-10-2020
Bountiful harvest for oil palm planters
PETALING JAYA: Planters are expected to post stronger third-quarter results for the financial year 2020 (FY20), thanks to the rally in crude palm oil (CPO) prices and higher production, say analysts.
15-10-2020
More diversity needed in oil palm plantations
The growing global demand for palm oil has led to a rapid spread of oil palm monoculture plantations in South East Asia. This is often associated with the loss of natural habitat and biodiversity. Oil palm monocultures are uniformly structured and therefore offer little space for different species
15-10-2020
China to buy 1.7m tonnes of M’sian palm oil until 2023
KUALA LUMPUR: China today expressed its commitment to purchase 1.7 million tonnes of palm oil from Malaysia until 2023, said Datuk Seri Hishammuddin Tun Hussein.
15-10-2020
Boost economy with diplomacy
LETTERS: Against the backdrop of a global economic slowdown due to the impact of the Covid-19 pandemic, the country's economic players welcomed Bank Negara Malaysia's announcement recently of its 2020 forecasts for the country's gross domestic product (GDP).
15-10-2020
Palm oil ends 7-day rally
KUALA LUMPUR: Malaysian palm oil futures fell on Wednesday after seven consecutive day of gains, as low biodiesel consumption in top producer Indonesia and expectations of a decline in exports weighed on sentiment.
15-10-2020
Konsumsi Minyak Sawit Domestik Didominasi Biodiesel dan Oleokimia
InfoSAWIT, JAKARTA - Konsumsi minyak sawit dalam negeri untuk produk pangan dan oleokimia selama 2 bulan terakhir menunjukkan kenaikan. Dibandingkan dengan bulan Juli, konsumsi minyak sawit untuk pangan bulan Agustus naik sekitar 1,9% menjadi 654 ribu ton, sedangkan konsumsi untuk oleokimia naik 2% menjadi 151 ribu ton.
13-10-2020
CPO prices rise over worries of tight supply
CRUDE palm oil (CPO) futures prices gained yesterday in anticipation of tight supply after monthly data released by the Malaysian Palm Oil Board (MPOB).
13-10-2020
Chinese foreign minister begins Southeast Asian tour in Cambodia, sign FTA
China and Cambodia signed a free trade agreement on Monday as China's foreign minister visited Phnom Penh as part of a four-nation Southeast Asian tour.
13-10-2020
CPO stocks up 0.4% in September, says MPOB
KUALA LUMPUR (Oct 12): Malaysia's crude palm oil (CPO) stocks increased by 0.4% to 934,710 tonnes in September from 930,990 tonnes in the preceding month, the Malaysian Palm Oil Board (MPOB) said in its report on the industry’s performance for the month of September.
13-10-2020
Many Lankan oil palm companies seeking sustainability certification – POIA
Congratulates Watawala Plantations for becoming first cultivator in South Asia to be awarded RSPO certification Sri Lankan Companies cultivating oil palm or processing palm oil are committed to achieving certification of their sustainability practices, similar to the Roundtable on Sustainable Palm Oil (RSPO) certification obtained by Watawala Plantations PLC, the Palm Oil Industry Association (POIA) said this week.
13-10-2020
Excessive rains, pest attack trims Indian soybean crop - trade body
MUMBAI, Oct 12 - India is likely to produce 10.46 million tonnes of soybean in 2020, nearly 15% lower than the previous estimate, as excessive rainfall during harvesting and pest diseases hit the oilseed, a leading trade body said in a statement.
13-10-2020
Soybean prices close 31¢ lower Monday
On Monday, the CME Group’s soybean complex drops sharply. At the close, the Dec. corn futures closed 6¢ lower at $3.89. March corn futures ended 5½¢ lower at $3.96½. Nov. soybean futures settled 31¾¢ lower at $10.33¼. January soybean futures ended 29¢ lower at $10.36½. Dec. wheat futures closed ½¢ higher at $5.94¼.