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Malaysian palm oil futures gained 1.6% to reach a two-year high on Thursday, underpinned by a weaker ringgit and prospects of tighter supplies next year. A weaker ringgit, palm's currency of trade, usually makes the edible oil cheaper for foreign buyers. The ringgit was down 0.2% against the dollar.

KUALA LUMPUR (Dec 6): TA Securities Holdings Bhd has maintained its “Neutral” call on the plantation sector on recovering crude oil prices prompted by Indonesia’s aggresive biodiesel push and favours Sime Darby Plantation Bhd (target price: RM5.72 per share) as its stock pick.

Malaysia’s Sime Darby plans to sell its palm oil concession in Liberia to a local manufacturer, a Liberian government minister said on Thursday, following subpar financial results due largely to stricter environmental standards.

KUALA LUMPUR: The Ministry of Primary Industries (MPI) is raring to confront the European Union on its palm oil discrimination, through filing Malaysia’s case with the World Trade Organisation (WTO).

Banning palm oil in favour of other vegetable oils deemed less destructive to the environment, could lead to greater biodiversity losses, according to a report.

A business engagement campaign led by NGO People’s Movement to Stop Haze aims to convert all of the city-state’s palm oil users to the sustainable variety. It won’t be easy, with palm oil’s poor image and the perceived high cost of green palm among numerous obstacles.

The value of India's edible oil imports in the first six months of the current financial year dropped almost 19 percent, the Commerce and Industry Ministry said.

KOTA KINABALU: Tokyo-based Blue Capital Management Ltd will invest RM100 million to start a biomass energy plant in Sabah’s Lahad Datu Palm Oil Industrial Cluster (POIC).

Telangana is the second largest producer of palm kernels in the country with a an annual production of 80,000 tonnes, even though the State could produce 1.8 lakh tonnes out of the 3 lakh tonnes of oil produced in the State

Malaysian palm oil futures extended gains into a second session on Wednesday despite some profit taking, as a weaker ringgit supported prices.

JAKARTA (Dec 3): Indonesia will hold the export tax for crude palm oil (CPO) at zero and for cocoa beans at 5% for December, the trade ministry said in a statement on Tuesday.

Solidaridad, an International Non-Governmental Organisatin (INGO), has declared that it will assist Nigeria to recover lost grounds in palm oil production by repositioning the country to become a major player in the global oil palm market.