|
Malaysia’s total palm oil stocks rise 7.48% to 2.82 million tonnes in August — MPOB
CPO prices seen at RM4,400-RM4,600 on tighter supply
Palm retreats from 21-month high on stock outlook, weak exports
Palm slips over 1% on weaker soyoil, bearish MPOB data
CPO trades higher, tracking crude oil price
KUALA LUMPUR (Dec 5): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives remained high at the close today, tracking the higher crude oil price which increased by 0.49 percent to trade at US$63.31 per barrel.
Palm oil futures at two-year high
Malaysian palm oil futures gained 1.6% to reach a two-year high on Thursday, underpinned by a weaker ringgit and prospects of tighter supplies next year. A weaker ringgit, palm's currency of trade, usually makes the edible oil cheaper for foreign buyers. The ringgit was down 0.2% against the dollar.
TA Securities maintains 'Neutral' on plantation sector
KUALA LUMPUR (Dec 6): TA Securities Holdings Bhd has maintained its “Neutral†call on the plantation sector on recovering crude oil prices prompted by Indonesia’s aggresive biodiesel push and favours Sime Darby Plantation Bhd (target price: RM5.72 per share) as its stock pick.
Sime Darby to sell Liberia plantation to local manufacturer –minister
Malaysia’s Sime Darby plans to sell its palm oil concession in Liberia to a local manufacturer, a Liberian government minister said on Thursday, following subpar financial results due largely to stricter environmental standards.
Malaysia puts on boxing gloves against EU over palm oil discrimination
KUALA LUMPUR: The Ministry of Primary Industries (MPI) is raring to confront the European Union on its palm oil discrimination, through filing Malaysia’s case with the World Trade Organisation (WTO).
India and other consumer countries should push for sustainable palm oil: report
Banning palm oil in favour of other vegetable oils deemed less destructive to the environment, could lead to greater biodiversity losses, according to a report.
Campaign aims to make Singapore the world’s first sustainable palm oil country
A business engagement campaign led by NGO People’s Movement to Stop Haze aims to convert all of the city-state’s palm oil users to the sustainable variety. It won’t be easy, with palm oil’s poor image and the perceived high cost of green palm among numerous obstacles.
India's April-Sept edible oil imports drop 19 percent
The value of India's edible oil imports in the first six months of the current financial year dropped almost 19 percent, the Commerce and Industry Ministry said.
Sabah signs RM100 mil deal with Japanese renewable energy firm
KOTA KINABALU: Tokyo-based Blue Capital Management Ltd will invest RM100 million to start a biomass energy plant in Sabah’s Lahad Datu Palm Oil Industrial Cluster (POIC).
