Archived News

The Week Ahead: Quiet Raya celebrations, but keep an eye on China’s PMI

KUALA LUMPUR (Reuters) - Crude palm oil prices may rise to 2,300-2,400 ringgit ($528.37-$551.34) per tonnne in the coming months as Malaysia’s relationship with top importer India improves, industry regulator the Malaysian Palm Oil Board (MPOB) said on Wednesday.

MUMBAI: India's biggest edible oil conference has been postponed as cases of the novel coronavirus rise in the world's biggest importer of vegetable oils, the organisers said on Tuesday.

Indonesian and Malaysian exports of palm kernel shells (PKS) to Japan increased on the year in January-March, as new dedicated biomass power plants began commercial operations in the country at the beginning of this year.

Low import duties on edible oils over the years has practically made our farmers lose interest in oilseed cultivation.

DAR ES SALAAM, May 23 (Xinhua) -- Tanzanian Prime Minister Kassim Majaliwa said on Saturday that the east African nation will start engaging in massive cultivation of oil palm from October to end importation of edible oils.

WE Online, Jakarta - Minyak goreng merupakan proses akhir dari penyulingan minyak kelapa sawit mentah (crude palm oil/CPO) yang berwarna merah kekuning-kuningan. Warna minyak tersebut menandakan tingginya kandungan karotenoid yang memiliki banyak manfaat bagi kesehatan manusia.

KUALA LUMPUR (May 20): The Ministry of Plantation Industries and Commodity held a meeting with the Council of Palm Oil Producing Countries (CPOPC) yesterday where they discussed various issues related to the palm oil industry.

Palm oil is often associated with tropical deforestation above all else. However, this is only one side of the story, as agricultural scientists from the University of Göttingen and the IPB University Bogor (Indonesia) show in a new study. The rapid expansion of oil palm has also contributed considerably to economic growth and poverty reduction in local communities, particularly in Asia. The study was published in the Annual Review of Resource Economics.

THERE is reason to cheer. India has resumed purchasing Malaysia's palm oil after a four-month lull — this, in the midst of fighting off the Covid-19 pandemic, is good news to oil palm growers.

Jakarta, May 20 (Reuters) - Indonesia is likely to export 12% less palm oil in 2020 than previously expected, an official at the country's Estate Crop Fund (BPDP), a government agency in charge of collecting and managing palm oil export levies said on Wednesday.

KUALA LUMPUR (May 20): Higher selling prices of palm products boosted Genting Plantations Bhd’s net profit for the first quarter ended March 31, 2020 (1QFY20) by more than twofold to RM91.3 million, from RM41.68 million a year earlier.