Archived News
24-09-2020
No intention to replace palm oil with bamboo as Malaysia’s main commodity — MPIC
KUALA LUMPUR: The Ministry of Plantation Industries and Commodities (MPIC) expects palm oil to remain as the country’s main commodity and has no intention of replacing it with bamboo.
24-09-2020
Palm oil extends losses on weak Dalian, crude prices, rising output woes
KUALA LUMPUR: Malaysian palm oil fell for a third straight session on Wednesday, tracking weakness in rival edible oils on the Dalian exchange and crude prices, while concerns over fresh COVID-19 lockdowns in Europe and rising output also weighed on sentiment.
24-09-2020
Sime Darby Plantation banks on downstream business for growth
ALREADY the world’s largest producer of certified sustainable palm oil (CSPO), Sime Darby Plantation Bhd (SDP) will continue with its sustainability drive, which includes not acquiring more plantation land.
24-09-2020
Palm oil falls over 3pc
KUALA LUMPUR: Malaysian palm oil futures fell more than 3% on Wednesday, tracking weaker rival oils while expectations of rising production in top producing countries further pressured prices.
24-09-2020
India's summer-sown grains output seen at 144.52 million tonnes in 2020/21
NEW DELHI, Sept 22 (Reuters) - Indian farmers are expected to harvest a record 144.52 million tonnes of grains from summer-sown crops in the crop year to June 2021, the government said on Tuesday, against 143.38 million tonnes gathered in the previous year.
24-09-2020
Small holders should join KPSM to improve productivity, income - MPOB
KOTA KINABALU: The Malaysian Palm Oil Board (MPOB) has asked oil palm smallholders to register as members of Koperasi Penanam Sawit Mampan (KPSM) to benefit from its activities to boost their palm productivity and income.
23-09-2020
Experts say Malaysia's palm oil industry can do better
KUALA LUMPUR (Sept 22): The palm oil industry, which has been contributing about 6% to Malaysia's Gross Domestic Product, can do much better, said economist and consultant in agriculture and rural development, Dr Isabelle Tsakok.
23-09-2020
Palm oil-based product manufacturers asked to display MSPO logo on packaging
SHAH ALAM (Sept 22): The Malaysian Palm Oil Certification Council (MPOCC) has asked companies producing palm-based products to display the Malaysian Sustainable Palm Oil Certification (MSPO) logo on their packaging.
23-09-2020
VEGOILS-Palm slips over 1% on weaker Dalian prices, Europe lockdown fears
KUALA LUMPUR, Sept 22 (Reuters) - Malaysian palm oil futures fell more than 1% on Tuesday, tracking a sharp drop in Dalian oil prices, while fears of new restrictions in Europe to contain a spike in COVID-19 cases also hit sentiment.
23-09-2020
Argentina soy crushing down over 20% in August vs year earlier
BUENOS AIRES, Sept 22 (Reuters) - Argentina, the world's top exporter of processed soy, saw crushing volumes of the grain fall a sharp 20.6% year-on-year in August to 3.3 million tons, according to data from the South American country's agriculture ministry.
23-09-2020
Indonesia’s palm oil, derivatives exports increase by 244 million USD in July
Indonesia’s exports of palm oil and its derivatives in July 2020 increased by 15 percent or 244 million U.S. dollars to 1.86 billion U.S. dollars compared to those in the previous month, an association said Monday.
23-09-2020
GRAINS-Soybeans inches lower for third straight day on supply glut worries
SYDNEY, Sept 23 (Reuters) - U.S. soybean futures edged lower for a third straight session on Wednesday as a pick up in harvesting by local farmers raised oversupply concerns, though strong Chinese demand kept losses in check.