Archived News

The Governor of the Central Bank of Nigeria, Godwin Emefiele’s call the other day on state governors to assist in stopping the outflow of about $500 million annually for the importation of palm oil should not be ignored by relevant stakeholders.

In the EU, biodiesel production has increased for another year, accounting for more than one third of global production, according to a December release by Germany’s UFOP.

PETALING JAYA: The Malaysian economy is set to recover in the second half of 2020, with no major economic crisis on the horizon, analysts say.

PETALING JAYA: Crude palm oil (CPO) prices ended the year 2019 on a high note, with third-month CPO futures closing at RM3,046 per tonne.

RESEARCH houses expect earnings boost in the coming quarters for the palm oil industry as futures closed above RM3,000 per tonne for the first time in three years recently.

NEW DELHI (Dec 30): Palm oil advanced to trade near its highest in almost three years, with firmer petroleum and soyoil underpinning the market. The world’s most-consumed cooking oil remained on track for its best year in a decade.

KUALA LUMPUR (Dec 30): Asian palm oil prices slip on profit taking, although the market is likely to trend upward, says a Kuala Lumpur-based trader.

However whereas the bushes are thought-about a extremely productive supply of vegetable oil, farming them can carry a heavy environmental influence. As giant farms clear land to make room for oil palms, deforestation and forest fires can happen, threatening biodiversity.

KUALA LUMPUR: With palm oil currently trading at its highest level in almost three years — with prices above the RM3,000 per tonne mark — analysts see an earnings boost for the plantation industry in 2020.

Malaysian palm oil futures cut early losses on Monday to trade little changed, heading for their best year in a decade amid expectations of lower output and an increased push for biofuel usage in the world's two top producers of the tropical oil.

KUALA LUMPUR: Felcra Bhd, which posted RM187.12 million in losses in 2018, is set to narrow its losses this year as the new management sought to restructure the government entity, raise its business competitiveness and ride on rising oil palm prices.

The Malaysian government has chosen to permit the Roundtable on Sustainable Palm Oil to distribute maps of corporate land concessions for Peninsular Malaysia and Sarawak, in an offer to support straightforwardness. The RSPO, which is the world’s biggest relationship for moral palm oil creation, considered the move an “achievement” that could leave top palm oil maker Indonesia further behind in the quest for straightforwardness in the segment. The RSPO, a willful affirmation plot whose individuals incorporate makers, brokers, and purchasers of the ware, just as NGOs, in around 90 nations, at first dedicated to distributing the maps in 2013.