Archived News

KUALA LUMPUR: Primary Industries Minister Teresa Kok was asked what action has been taken to protect some 600,000 oil palm smallholders following tense relations between Malaysia and India.

KAMPAR: More than 300 oil palm smallholders in Perak were awarded sustainability certification after months of hard work to comply with the requirements to be globally recognised as sustainable palm oil producers.

It seems counterproductive to be irking a major contributor of our economy when the price of one of our main commodities is on the wane.

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to go through correction next week, but will be well supported at between RM2,350 and RM2,400 per tonne for the CPO benchmark month.

SINGAPORE: Malaysian palm oil futures tumbled on Friday, weighed by a stronger ringgit and as panic buying on supply shortage worries eased.

KUALA LUMPUR: Malaysia’s current healthy export momentum to India may be significantly dampened if there are restrictions against the import of palm oil-related products by that country, according to Ram Ratings.

KUALA LUMPUR: A coalition of 10 major palm oil producers, including Sime Darby Plantation, and buyers are working together to fund the development of a new, radar-based forest monitoring system.

Indonesia palm oil price is seen averaging at $600 per tonne in the first half of next year, an increase from an earlier estimate of $580 per tonne, leading industry analyst Thomas Mielke said

The EU’s demand for palm-based biodiesel is expected to decrease in the long term due to the region’s ban on the use of palm oil in biofuels.

Spokesperson for the Sindh government and Adviser to Sindh Chief Minister on Law, Climate Change, Environment and Coastal Development Barrister Murtaza Wahab has said that following the vision of Benazir Bhutto, the incumbent Sindh government is successfully moving towards turning the coastal region of the province, especially Thatta, into an economic game changer for the country.

With India at nearly 70 per cent import dependence for edible oils, the country would continue to buy refined palm oil from Malaysia despite the proposal by its government to further increase import taxes, a move that it believes would lift local processing and cut dependence on overseas purchases, says an analyst.

Malaysian palm oil futures retreated after touching a 19-month high earlier on Thursday, as the ringgit gained and as panic buying emerged due to an expected supply shortage died down