Archived News
17-04-2019
EUMCCI hopes for resumption of EU-Malaysia FTA
The EU-Malaysia Chamber of Commerce and Industry (EUMCCI) hopes that the Malaysian government will resume negotiations on the proposed European Union (EU)-Malaysia Free Trade Agreement (FTA) as soon as possible.
16-04-2019
Palm oil, logging firms the usual suspects as Indonesia fires flare anew
Oil palm and logging companies in Indonesia have come into public glare once again as another season of forest fires flares up in Sumatra.
16-04-2019
Malaysia to 'take advantage' of ECRL deal to sell more palm oil to China: Mahathir
Prime Minister Mahathir Mohamad said on Monday (Apr 15) that Malaysia intends to take advantage of the revived East Coast Rail Link (ECRL) project to sell more palm oil to China, after a successful renegotiation saved it from having to fork out RM21.78 billion (US$5.3 billion) in cancellation fees.
16-04-2019
Palm oil slips as stocks remain high
Malaysian palm oil futures traded mostly range bound in the first half on Monday due to lack of bullish news, but edged lower at midday break as stockspiles remained high.
16-04-2019
Indian March refined palm oil imports up 92% on year
India's refined palm oil imports rose 92% year on year to 312,673 mt in March, the latest Solvent Extractors' Association of India update showed Monday.
16-04-2019
Palm oil slips to two-week low as stocks remain high
Malaysian palm oil futures fell to their lowest levels in two weeks, dropping for a third session in four as stockpiles remained high and exports came in weaker than forecast.
16-04-2019
Indonesia threatens to challenge EU at WTO in palm oil feud
The government has threatened to bring its palm oil dispute with the European Union to the World Trade Organization's Dispute Settlement Body (DSB) if the EU proceeds to treat palm oil as a high-risk vegetable oil in its latest delegated act.
16-04-2019
CBIP bags RM71m palm oil mills job in PNG
Palm oil equipment manufacturer CB Industrial Product Holding Bhd (CBIP) said its unit has been awarded a contract worth RM71.17 million to build palm oil mills in Papua New Guinea's Markham Valley.
16-04-2019
CB Industrial bags RM71.17m Papua New Guinea deal
CB Industrial Product Holding Bhd has clinched a RM71.17 million contract from New Britain Palm Oil Ltd.
16-04-2019
RAM cuts CPO price forecast to RM2,200-RM2,400
RAM Ratings lowered its crude palm oil (CPO) price forecast to an average of RM2,200 and RM2,400 a tonne in 2019 from RM2,300 and RM2,500 previously.
16-04-2019
B100 is answer to Indonesian palm oil discrimination by EU: Minister
Indonesia’s Minister of Agriculture Amran Sulaiman had affirmed that B100 Biodiesel from crude palm oil (CPO) that was tested on Monday was the key to fighting the European Union (EU)’s discrimination against palm oil.
16-04-2019
A spat over palm oil: The Philippines’ patience with Malaysia and Indonesia wears thin
The Philippines consumed approximately 1.3 million metric tons of palm oil in 2017. Despite experiencing no significant increase in demand, the Philippines Statistics Authority (PSA) reported that the nation’s palm oil imports reached a new high in 2018, soaring to 278,384.039 metric tons. This is 176.3%, higher than 2017’s imports