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MARKET DEVELOPMENT  
  29-11-2019

China soy, palm oil markets surge on swine fever spillover

Investors have stampeded into China’s edible oil markets, drawn by the volatility caused by the nation-wide outbreak of African swine fever that curbed oilseed crushing, slashed pork output and forced food courts and restaurants to change up menus

MARKET DEVELOPMENT  
  29-11-2019

Over RM40m spent on palm oil R&D since 2016

THE government has spent over RM40.1 million on the nation’s palm oil research and development (R&D) programmes between 2016 and September this year.

MARKET DEVELOPMENT  
  29-11-2019

Teresa Kok: Don’t write off Malaysian palm oil yet

Palm oil, as the most cost-effective oil would continue to play a pivotal role, says Primary Industries Minister Teresa Kok.

MARKET DEVELOPMENT  
  29-11-2019

Malaysia's FGV sees palm oil prices at 2,200-2,400 ringgit/T in Q4

Malaysia’s FGV Holdings Bhd , the world’s largest palm oil producer, on Thursday forecast crude palm oil (CPO) prices in the range of 2,200 to 2,400 ringgit in the fourth quarter due to sustained demand in key markets.

MARKET DEVELOPMENT  
  29-11-2019

European businesses call for constructive dialogue on palm oil

Amid increasing trade tensions between Indonesia and the European Union, European businesses called for constructive dialogue over the contentious issue of palm oil on Thursday as they seek to expand trade and investment in Indonesia.

MARKET DEVELOPMENT  
  29-11-2019

Malaysia counts on South Korea to relax tocotrienols import rules

Malaysia is not only appreciative of the interest shown by South Korea to purchase its palm oil but also counting on the latter to relax its regulation on the import of tocotrienols (vitamin E) which are present in the commodity.

MARKET DEVELOPMENT  
  28-11-2019

Daim: No future for palm oil, but coconuts is a possibility

SUBANG, Nov 27 — Unless the government is able to channel palm oil towards food production, there is no future for the industry, former finance minister Tun Daim Zainuddin said today.

MARKET DEVELOPMENT  
  28-11-2019

Malaysian palm oil edges higher

Malaysian palm oil futures closed higher on Wednesday, supported by bargain buying after the previous session's losses, although gains were capped by cheaper rivals on the Dalian and a stronger ringgit.

MARKET DEVELOPMENT  
  28-11-2019

Fitch foresees higher CPO prices next year on improved supply-demand balance

KUALA LUMPUR, Nov. 27 (Xinhua) -- Fitch Ratings said Wednesday that it expects Malaysian benchmark Crude Palm Oil (CPO) prices to average 550 U.S. dollars per ton in 2020, up from around 500 U.S. dollars this year.

MARKET DEVELOPMENT  
  28-11-2019

Are paper’s problems being palmed off?

The Roundtable on Sustainable Palm Oil (RSPO) brings producers and processors together with manufacturers, retailers, banks, and NGOs, and has advocated a “multi-stakeholder approach” to reduce the environmental impact of the palm oil industry.

MARKET DEVELOPMENT  
  28-11-2019

Kit Kat, Dove makers could face fines in push for green palm oil

KUALA LUMPUR: Companies that make top brands including Kit Kat chocolate and Dove soap may face fines if they fail to buy more green palm oil under new rules aimed at improving the controversial industry’s environmental sustainability.

MARKET DEVELOPMENT  
  28-11-2019

US ag trade surplus in 2020 projected at $7 billion, up 52% on year

NewDelhi — The US agricultural trade surplus in for the 2020 fiscal year that starts in October and ends September 2020 is projected at $7 billion, up 52% year on year, because of increased export value of soybeans, pork and dairy products, according to the USDA.