Archived News

Singapore emerged as the third-largest importer of Malaysian palm oil products in the Asean region in 2019 with an increase of 5.8 per cent in volume from 650,411 tonnes to 688,457 tonnes.

FGV Holdings Bhd stated that its improved operational efficiency, higher crude palm oil (CPO) prices, normalised fresh fruit bunch (FFB) production and reduced losses at its sugar business enabled it to make a profit for the second quarter ended June 30, 2020 (2Q20)

In the foreseeable future, Thailand will be shying away from the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

The free trade negotiations between the U.K. and Japan, now entering their final stage, have evolved according to the rhythm of a Kabuki play

Contrary to the clear directions of Prime Minister Imran Khan, the inordinate delay in extending the regional competitive power tariff of 7.5 cents per unit by the Power Division has put the export industry and Small and Medium Enterprises (SMEs) in a quandary if they should continue production activities or not, as in absence of the regional competitive tariff, the industry cannot thrive any more.

Bullish trend was witnessed in the local cotton market on Monday. Sources also told that quality of Phutti was affected due to the monsoon rains

Malaysia's FGV Holdings Bhd (FGV) said on Monday it expects crude palm oil prices to fall in the second half of the year with a dip in demand in the fourth quarter.

The impact of palm oil promotional activities carried out by the Plantation Industries and Commodities Ministry overseas, will be among matters to be raised at the Parliament sitting today.

The Palm Oil Industry Association (POIA) has said in a statement that while it respects the decisions relating to the industry contained in the policy statement of President Gotabaya Rajapaksa, it trusts that a pragmatic solution would be provided in respect of the oil palm saplings imported in to the country following a Cabinet decision taken in 2014 by the government of President Mahinda Rajapaksa.

The Malaysian Palm Oil Board (MPOB) is currently working on a proposal to incentivise Malaysians, especially the youths, to join the plantation industry -- a move that will help to reduce the country's dependency on foreign labour, chairman Datuk Ahmad Jazlan Yaakub said.

Only 17,785 out of 39,391 oil palm smallholders in the state have received the Malaysian Sustainable Palm Oil (MSPO) certification as of July 31 this year, said Ministry of Plantations and Commodities (KPKK).

The Ministry of Plantation Industries and Commodities (MPIC) said various efforts have been made to pave the way to export palm oil to new markets such as China’s hinterlands, Central Asian countries, Balkan states, Eastern Europe, Caribbean islands and African countries.