Archived News

KUALA LUMPUR (April 11): Malaysian palm oil futures edged down to their lowest in more than a week on Thursday evening, weighed down by expectations of rising production.

The European Union would be well advised to review its energy policy that classifies biofuels from palm oil as unsustainable, as this could be counterproductive to the global fight against climate change and endanger Indonesia-EU relations.

KUALA LUMPUR: Malaysian palm oil futures edged down to their lowest in more than a week on Thursday evening, weighed down by expectations of rising production. The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange was down 0.7 per cent at 2,154 ringgit ($523.83) a tonne at the close of trade in its second session of declines.

KUALA LUMPUR (April 11): Malaysian palm oil futures edged lower in range-bound trading on Thursday, weighed down by expectations of rising production.

Palm oil may test a resistance at 2,191 ringgit per tonne, a break above which could lead to a gain to 2,227 ringgit.

BANGKOK, 12th April 2019 (NNT) – The Department of Energy is encouraging the use of B20 oil, adding compatible vehicles to its official list of those eligible for a new tax scheme.

The chairman of Poultry Association of Nigeria (PAN), Anambra State chapter, who is also the managing director of Eagle Food Processing Industries, Ugochukwu Okpalaeke, has called on the Federal Government to ban the importation of palm produce such as palm oil, palm kernel and palm kernel oil to pave the way for local productions to thrive.

KUALA LUMPUR (April 10): Malaysian palm oil futures fell more than 2% to a one-week low in evening trade on Wednesday, as an official data release from the Malaysian Palm Oil Board (MPOB) showed March end-stocks and output were higher than forecast.

All roads lead to Indonesia’s April 17 presidential and legislative elections – even through the vast plantation country of Sumatra where President Joko Widodo and his government unfairly get the blame for the low world market prices of palm oil and rubber.

Government report blames mismanagement and bad investments for the agency's troubles MALAYSIA will inject RM6.23 billion (S$2.07 billion) of financial aid into state-owned palm oil plantation agency Felda, after a government inquiry found poor management had sent the company's losses and debt soaring over the past decade.

KUALA LUMPUR: Malaysian palm oil stocks fell to less than 3 million tonnes by end-March to their lowest in five months, as a surge in demand outpaced production gains, official data showed on Wednesday.

We call on ASEAN leaders to form a united front as a regional grouping to demonstrate full support to President Joko “Jokowi” Widodo and Malaysian Prime Minister Mahathir Mohamad, who have signed and sent a joint letter to officially protest the European Union’s plan to remove palm oil from its market.