Archived News

Malaysian palm oil futures jumped by nearly 3 percent on Tuesday, recovering from a more than five-month low in the previous trading session, tracking gains in related edible oils.

Malaysia’s palm oil stocks likely fell to a six-month low by end-April, according to a Reuters survey, recording a second straight month of declines as a slight gain in exports outpaced a dip in production.

The recent revelation that Malaysia is hoping to use palm oil as part payment for its future arms acquisitions is not surprising, although it is unlikely that Western manufacturers will be amenable to such an arrangement.

The Energy Ministry is speeding up a plan to purchase a new block of 200,000 tonnes of crude palm oil after the cabinet acknowledged the measure on Tuesday. Energy Minister Siri Jirapongphan said the first batch, totalling 100,000 tonnes, should be purchased within 15 days. The state-run Electricity Generating Authority of Thailand (Egat) has been ordered to buy 200,000 tonnes of crude palm oil. It will pay for the first volume to extract oil within seven days.

Malaysia has accused the European Union of launching a "trade war" over its plan to curb the use of palm oil in biofuels, and threatened retaliatory action at the World Trade Organisation (WTO)

Palm oil companies dangle the promise of a better quality of life for people in rural villages where they develop plantations, but is this really happening?

Trade and Industry Minister, Alan Kyeremanteng, has urged Ghana to diversify its cash crops such as cocoa and palm nuts.

Malaysian palm oil futures fell to their lowest in more than five months on Monday as US President Donald Trump’s threats to increase tariffs on Chinese imports risked prospects of a trade deal, sending commodities and stock markets lower.

MALAYSIA-China relations have now reached new heights. This resulted from the wisdom of both countries top leadership in mitigating strategic dynamics at the global, regional and domestic levels.

Franky Widjaja, head of one of the world’s biggest palm plantation companies, warned that the European Union’s plans to restrict use of the tropical oil in biofuel will misfire as the move will hurt growers and jeopardize future supplies of the vegetable oil.

Malaysia today accused the EU of launching a “trade war” over a plan to curb the use of palm oil in biofuels and threatened retaliatory action at the WTO.

Indonesia's success in turning crude palm oil into high-quality biofuel has stirred a hornet’s nest in the European Union market.