Archived News

KUALA LUMPUR: When Shell engineer Incham Serdin quit his job four years ago to start a small palm plantation in his native Malaysia, prices of the fleshy fruit bunches used to make the world's most-consumed vegetable oil were bubbling near their peak.

Decreases in prices of palm, soybean and rapeseed oils show through more strongly in the Food and Agriculture Organization of the United Nations’ price index than do increases in asking prices for sunflower oil. Consequently, the index declined for the third month running.

KUALA LUMPUR: India has resumed purchasing Malaysian palm oil following a four-month gap sparked by a diplomatic row over the former Malaysian government administration's comments on the Jammu-Kashmir issue.

PUTRAJAYA: The implementation of the B20 biodiesel programme in Sabah and Sarawak’s transportation sector will be rescheduled to start from later dates in the wake of the Covid-19 pandemic and the Movement Control Order (MCO), said Primary Industries and Commodities Minister Datuk Dr Mohd Khairuddin Aman Razali.

FGV Holdings Bhd is planning to focus on renewable-energy (RE) projects in an effort to boost its recovery strategy from the impact of the Covid-19 pandemic.

Market participants are seeking clarity on the implementation date of the higher Indonesian export levy.

KUALA LUMPUR (May 19): The FBM KLCI today closed 13.81 or 0.98% higher as world equities cheered positive developments of a Covid-19 vaccine trial and as Malaysian shares reacted to speculation that India buyers had resumed buying Malaysian crude palm oil (CPO) after a four-month interval due to a diplomatic row.

OTTUMWA — The 2020-21 outlook for U.S. soybeans is for higher supplies, crush, exports and lower-ending stocks compared to the previous year.

KUALA LUMPUR: Malaysian palm oil futures rallied nearly 3% on Monday, helped by Indonesia's plan to maintain an ambitious biodiesel programme and signs of growing demand on the back of more countries easing coronavirus restrictions.

KUALA LUMPUR: Malaysian palm oil futures rallied 2 per cent on Monday, tracking gains in crude and soybean oil, while signs of growing demand as more countries ease coronavirus restrictions helped boost sentiment.

In Cameroon, refined vegetable oil and soap producers plan to import 90,000 tons of crude palm oil to supply refining plants.

KUALA LUMPUR: FGV Holdings Bhd plans to boost returns from its renewable energy projects as part of its recovery strategy from the Covid-19 pandemic.