Archived News

The government will use the slogan “Sawit Anugerah Tuhan” (Palm Oil is God’s Gift) to promote Malaysian palm oil overseas.

Malaysian palm oil futures ended a three-session rally to drop nearly 4% on Monday as traders booked profits and on expectations of higher output.

Labour shortages, bad weather and reduced fertilizer application will hit palm oil production this year, according to the Council of Palm Oil Producing Countries (CPOPC).

Terengganu state government's subsidiary TDM Bhd will continue to prioritise sustainable and profitable growth for both its core segments — plantation and healthcare.

RHB Investment Bank Bhd maintained its “buy” call for Sarawak Oil Palms Bhd, and raised its target price for the company to RM4.20 from RM3.75 on the back of strong expected earnings and a decent valuation.

United Plantations Bhd posted a net profit of RM123.59 million for the second quarter ended June 30, compared with a net profit of RM75.94 million in the previous corresponding quarter on higher contributions from its plantations and refinery segments.

REFINED SOYOIL and CRUDE PALM OIL contracts on the Multi Commodity Exchange of India declined due to a rise in imports in physical markets following easing of locdown restrictions, analysts said.

In line with “Aatmnirbhar Bhaarat” program, India’s Prime Minister Mr. Narendra Modi had appealed last week to the farmers in North-East States, to focus more on cultivation of palm, with the sole objective to make India self-sufficient in edible oils.

Many smallholder farmers in Indonesia, who depend on selling fresh oil palm fruit bunches to earn a living, are struggling to survive amid the COVID-19 pandemic, which has affected the country's palm oil exports.

In these pandemic times, India has witnessed a cleaner environment but with huge costs to our economy and society.

Total palm oil output in top producers Indonesia and Malaysia is expected to fall in 2020 hampered by a labor shortage, and last year’s dry weather and lower fertilizer application, the Council of Palm Oil Producing Countries (CPOPC) said.

THE US Government ordered the closure of China’s consulate in Houston in the name of defending intellectual property and private information.