Archived News

The new slogan for palm oil campaign, ‘Palm Oil is God’s Gift”, is more universal and acceptable worldwide, Deputy Minister of Plantation Industries and Commodities Willie Mongin told the Dewan Negara today.

By maintaining strong trading discipline and close ties with authorities, CIMB Malaysia has remained sure-footed through the market upheaval of early 2020 and, following a successful 2019, is well ahead of the market this year.

THE national B20 biodiesel programme for the transportation sector — which was initially postponed at the beginning of the Movement Control Order in March — has recommenced to expedite the uptake of the local consumption of biodiesel.

Malaysia's labour-reliant palm oil companies are looking to recruit recovering drug addicts and prisoners to solve a severe shortage of migrant foreign workers as the coronavirus pandemic shuts borders and hampers output of the edible oil.

RSPO members in Guatemala and Honduras created groups that, along with other actors, work together under the continuing oversight of RSPO representatives in Latin America.

Representatives that attended the Council of Palm Oil Producing Countries’ (CPOPC) latest forum have stated their support on efforts to establish a global alliance to counter negative campaigns or stigmatisation of palm oil.

Sime Darby Plantation Bhd (SDP) is looking into getting parolees to join the plantation industry due to a major shortage of workers following the COVID-19 pandemic.

Malaysian palm oil futures ended higher on Tuesday, snapping a two-day losing streak and climbing as much as 3%, tracking sharp gains in rival soyabean oil, although concerns over rising September production lingered.

The coronavirus crisis has pushed the Malaysian palm oil industry into a labor crunch so severe that it’s turning to prisoners for help.

Indonesia, the world's largest palm oil producer, plans to revise its palm oil export levy rules to allow higher collection when prices increase, a senior cabinet minister told Reuters, as part of moves to underpin an ambitious biodiesel programme.

Thailand’s cabinet has approved plans to reduce the country’s huge crude palm oil (CPO) stockpile to shore up domestic price.

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher today, tracking the stronger overnight Chicago bean oil market performance due to increased demand from China on fears of rain and floods, said palm oil trader David Ng.