Archived News
17-06-2019
Palm oil price hike is unwise
Despite good intentions, the Department of Internal Trade's (DIT) latest move to instruct retailers to mark up prices of cooking palm oil aimed at boosting palm nut prices is imprudent
17-06-2019
Buhari orders CBN to blacklist importers of palm oil, 42 other items
President Muhammadu Buhari has directed the Central Bank of Nigeria to blacklist from the banking system any firm, its owner and top management caught smuggling or dumping any of the 43 items that are not eligible for foreign exchange.
17-06-2019
Malaysian palm oil benchmark steadies
Malaysia's benchmark palm oil contract closed unchanged on Friday, highlighting still sluggish demand as gains earlier in the day on Indonesia's plans to increase bio content in biodiesel evaporated
17-06-2019
CPO futures to trade at RM1,950 - RM2,050 a tonne next week
The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade between RM1,950 and RM2,050 a tonne next week.
17-06-2019
India's May palm oil imports jump 65%, soyoil imports plunge
India's palm oil imports jumped 65% in May from a year earlier as oversees purchases of refined palm more than doubled due to lower import duty and a drop in prices, a leading trade body said on Friday.
17-06-2019
Bullish trend correction
The market failed to rally last week and declined as sentiment was weakened by falling crude oil and palm oil prices.
17-06-2019
The skinny on the fats we eat
Fat molecules are mostly made of hydrogen and carbon
17-06-2019
JCorp records RM5.616b in revenue for FY2018
Johor Corporation (JCorp) has recorded higher revenue of RM5.616 billion for the financial year ended Dec 31, 2018, compared with RM5.564 billion posted a year earlier.
14-06-2019
Hoteliers should help promote palm oil as well, says Teresa Kok
GEORGE TOWN: Hotel industry players should help promote palm oil at their establishments to boost the "Love My Palm Oil" campaign.
14-06-2019
Indonesia testing 30% biodiesel in cars; next trains
JAKARTA: Indonesia on Thursday began testing biodiesel with a bio-content of 30% in cars, its energy ministry said, as the Southeast Asian nation pushes to boost local markets for its vast palm oil crop.
14-06-2019
Biodiesel price must be controlled, says Kok
GEORGE TOWN: The government has set up a committee – comprising four ministries – to come up with a mechanism to control the price of biodiesel containing 20% bio-content (B20) palm oil to boost domestic usage, says Primary Industries Minister Teresa Kok (pic).
14-06-2019
Declining palm oil stock boosts prices
KUALA LUMPUR: The declining palm oil stock at 2.45 million tonnes for end-May is supportive of the near-term crude palm oil (CPO) prices, says CGSCIMB in its latest agribusiness report.