Archived News
21-10-2019
India's M'sian palm oil boycott may trigger a fire storm
COMMENT | Prime Minister Narendra Modi ought to be congratulated for winning handsomely in his May 2018 re-election campaign. But the plaudits, for now, stop there.
21-10-2019
Indonesia’s Aug palm oil output seen down slightly, exports up – survey
Indonesia’s palm oil output likely slipped in August from a month earlier, while exports were seen about 7% higher, a Reuters survey showed.
21-10-2019
CPO futures likely to trade between RM2,080 to RM2,100
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trend lower at between RM2,080 and RM2,100 per tonne next week, amid fears of import curbs by India.
21-10-2019
Malaysian palm oil price up for 4th session as soyoil gains, ringgit weakens
SINGAPORE: Malaysian palm oil futures closed higher on Friday, recovering from earlier losses, as gains in rival oils and a slightly weaker ringgit offset ongoing concerns over buying from India.
18-10-2019
Palm oil rises for third session
Malaysian palm oil rose for a third consecutive session on Thursday buoyed by ongoing strength in rival oils on the Dalian Commodities Exchange, though a stronger ringgit capped gains
18-10-2019
Oil price rises, supported by US fuel stock draws but weighed by crude build
Oil prices rose about 1% on Thursday after draws in U.S. fuel inventories, but gains were capped by a larger-than-expected rise in crude stockpiles and a series of weak economic figures.
18-10-2019
China says its economy grew 6% in the third quarter, slower than expected
China released third-quarter GDP figures on Friday showing the economy grew 6.0% from a year ago.
18-10-2019
Trade pact RCEP to be concluded this year, signed in 2020 —Trade chief Lopez
The discussions on the comprehensive trade pact between Southeast Asian countries and its dialogue partners will reach conclusion this year and be signed in early 2020, Trade Secretary Ramon Lopez said Friday.
18-10-2019
Boost for farmers
The government has allocated RM150mil in Budget 2020 to help oil palm farmers venture into integrated farming.
18-10-2019
UPDATE 1-Indonesia's palm oil, biodiesel exports skid in Aug - GAPKI
Exports of palm oil and palm kernel oil in August were 2.53 million tonnes, down 15% annually but up slightly from July's
18-10-2019
‘Malaysia to work diplomatically with India on palm oil issue’
Prime Minister Tun Dr Mahathir Mohamad said the government will have to work diplomatically if India decides to restrict the imports of Malaysian palm oil.
18-10-2019
RSPO to force consumer goods giants to go green
A palm oil industry watchdog will adopt rules next month that will impose fines on consumer goods companies like Unilever and Nestle if they don’t start buying more green palm oil to help curb deforestation in South-East Asia, the regulating body said.