Archived News
07-05-2019
Malaysian palm oil price falls for 7th day on fresh Sino-US trade tension
Malaysian palm oil futures fell to their lowest in more than five months on Monday as U.S. President Donald Trump's threats to increase tariffs on Chinese imports risked prospects of a trade deal, sending commodities and stock markets lower.
07-05-2019
Palm oil opens 1% down at 5-month low
Malaysian palm oil futures opened to trade at five-month lows on Monday morning, following weakness in global commodities and stock markets after US President Donald Trump announced on Sunday that he would hike tariffs on US200 billion worth of Chinese goods
07-05-2019
Selfridges makes all own-brand foods free of palm oil
Selfridges has become the first major UK retailer to make its own-brand foods completely free of palm oil, nine months ahead of its original target and as part of its long-term sustainable strategy.
07-05-2019
Palm Oil Shows Signs of Support
July Malaysian Palm Oil: Malaysian palm oil futures represent the largest world crop used for vegetable oil, and the July contract fell 108 ringgits last week to a new contract low of 2,010, which is also near its lowest price in 11 years on a monthly chart. Even though USDA estimates palm oil production up 3% in 2018-19, world demand for vegetable oil is estimated up 4%, a good reason for prices to find support at these cheaper levels. Technically, it is impressive that the monthly stochastic shows signs of bottoming, and prices are holding above the 2015 low of 1,863 ringgits
07-05-2019
Can palm oil plantations be elephant-friendly?
Oil palm plantations in the state of Sabah, Malaysian Borneo can lose millions from damaged crops due to elephant raids, while smallholder farmers can lose their livelihoods overnight to an elephant herd.
07-05-2019
CIMB sees Malaysia palm oil stockpiles down 7% m-o-m to 2.72 mil tons
Inventories est. -7% m-o-m, +25% y-o-y to 2.72 million tons at end-April, CIMB regional head of agribusiness Ivy Ng says in May 3 report.
07-05-2019
Palm oil may seek support range of RM1,940-1,967
Palm oil is expected to seek a support range of RM1,940-1,967 per tonne and stabilize around it.
07-05-2019
CPO zero export tax seen to help sales in Africa, Middle East, Russia
Malaysia has agreed to place a tax-free exemption on crude palm oil (CPO) from May 1 to Dec 31, 2019. Currently, CPO exports from Malaysia enjoy zero export tax as the CPO price is below RM2,250 per tonne. The move is expected to encourage CPO exports to African countries, Middle Eastern nations, and Russia, all of which are interested in buying Malaysian CPO.
07-05-2019
Neste wants to start selling pure biodiesel in Estonia this summer
Neste wants to start selling its My Renewable biodiesel on the Estonian market this summer, which is allegedly produced from 100 percent renewable sources, but in order to do so, requirements drawn up by Estonia's Ministry of the Environment first need to be approved at the EU level.
06-05-2019
Malaysia Now and Then: Palm oil smallholders still left behind?
Walking up to Abang Man’s oil palm plantation on the outskirts of Kampung Jerlun, Kuala Kangsar, it’s clear the roads – they’re narrow and treacherous – are a major problem for him.
06-05-2019
Ta Ann transforming S'wak Plantations towards better growth and profits
The ongoing transformation of Sarawak Plantation Bhd
06-05-2019
Malaysian palm oil price falls more than 1% on bearish production outlook
Malaysian palm oil futures reversed earlier gains to close 1 percent down on Friday, falling on bearish production outlooks to chart the biggest weekly drop since early November.