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Malaysia raises palm oil export duty for April
CPO Futures Close Lower Amid Weaker Crude Oil, Soybean Oil Prices
Middle East conflict boosts demand for alternative fuels
Can palm biodiesel provide quick relief for Malaysia amid Iran war?
Sime Darby Oils — the rebranding of downstream businesses
On March 4, Sime Darby Plantation Bhd, the world’s largest palm oil plantation company by planted acreage, decided to amalgamate all its downstream assets globally into a rebranded entity, named Sime Darby Oils (SDO).
India plans more land for soybean, may trim palm oil imports
MUMBAI: India is set to grow soybeans on more land in the 2019 crop year as higher prices for the oilseed push some farmers to switch from cultivating competing commodities such as cotton and pulses, an industry official and dealers told Reuters.
Malaysian palm oil price drops 2% on technical selling
KUALA LUMPUR: Malaysian palm oil futures closed nearly 2% down on Tuesday, retreating from a three-week high hit in early trade as technical selling and concern over higher than expected production weighed on prices.
Palm oil may test support at RM2,034
SINGAPORE (May 23): Palm oil may test a support at RM2,034 per tonne, a break below that could cause a loss to RM1,967.
EU limits on use of palm oil in biofuels to start on June 10
BRUSSELS/KUALA LUMPUR (May 23): European Union publishes in its official journal a regulation setting new criteria for the use of palm oil in biofuels.
Extra boost for Sabah oil palm
KOTA KINABALU: Sabah’s oil palm industry received a shot in the arm with the recognition of Lahad Datu Palm Oil Industrial Cluster (POIC) as a palm oil tender port.
Trade War Adds to Headaches Faced by Palm Oil Industry
A decade ago, when palm oil prices were around twice what they are now, Darsini and her husband wanted a piece of the action.
Palm oil price higher than crude oil’s –Emefiele
Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, last week, urged the Federal Government to attach premium to palm oil production, saying its price is higher than refined petroleum oil’s.
India agrees to buy ex-Mig-29s and Palm Oil from Malaysia to secure LCA deal
Politics may be the deciding factor in a RM36 billion deal to supply light combat aircraft to the Royal Malaysian Air Force over the next 10 years, according to a Singapore news report. The aircraft on offer are believed to be the F-50 by Korea Aerospace Industries of South Korea, Tejas by Hindustan Aeronautics (India), YAK-130 by Irkut Aerospace (Russia), JF-17 Thunder (Pakistan) and the Alenia Aermacchi M-346 Master (Italy).
