Archived News

KUALA LUMPUR: United Plantations Bhd (UP) posted improved net profit driven by higher palm oil prices in the first quarter, but said its performance for the rest of the year is difficult to predict due to the novel coronavirus (Covid-19) havoc.

KUALA LUMPUR (Reuters) - Malaysia, the world’s second largest palm oil producer, has agreed to accept a European Union proposal to set two separate limits on the presence of food processing contaminant 3-MCPD in edible oils and fats, according to a letter reviewed by Reuters.

KUALA LUMPUR: Malaysian palm oil futures climbed on Thursday, tracking a rebound in crude and gains in rival soybean oil, with bargain buying further boosting prices.

Malaysian palm oil futures ended 2% higher on Thursday, tracking a rebound in crude oil and gains in rival soyabean oil, with bargain buying after palm fell to near 9-month lows further boosting prices.

SINGAPORE, April 24 (Reuters) - Malaysian palm oil futures fell on Friday, tracking losses on the Dalian Commodity Exchange, and were headed their biggest weekly drop in six as a historic crude oil rout made them less attractive for biodiesel feedstock.

EU-27 imports of feedstocks from outside the bloc were lower on the year in February, while imports of biodiesel nearly doubled from a year earlier, according to provisional Eurostat figures.

Jakarta, CNN Indonesia -- Kementerian ESDM mencatat realisasi penyerapan biodiesel sebesar 2,17 juta kilo liter (KL) pada kuartal I 2020. Jumlah itu mencapai 90,4 persen dari total permintaan pembelian (purchase order/PO) mencapai 2,4 juta KL.

KUALA LUMPUR (April 22): Malaysia does not see the production of synthetic palm oil by US start-up company, C16 Biosciences, as a threat to natural palm oil supply chain, particularly when produced under the best agricultural practices and sustainability standards.

KUALA LUMPUR: Malaysian palm oil futures inched higher on Wednesday on bargain hunting, after slumping to a near nine-month low in the previous session, but gains were capped by continued weakness in crude oil prices.

Malaysian palm oil futures closed up on Wednesday tracking higher soyabean oil prices, after slumping to a near nine-month low in the previous session, but gains were capped by a retreat in crude oil prices.

KUALA LUMPUR, April 23 (Reuters) - Malaysian palm oil futures rose on Thursday, tracking gains in crude and rival soybean oil, but gains were limited by worries over rising stockpiles as the coronavirus pandemic curbs global demand.

THE government deferred the implementation of the national B20 Biodiesel Programme due to lower crude palm oil (CPO) demand and to focus resources in response to the Covid-19 outbreak.