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MARKET DEVELOPMENT
06-09-2018

Sâ€™wak objects to restriction of oil palm plantation expansion on native customary land

KUCHING: Deputy Chief Minister Datuk Amar Douglas Uggah Embas said the Sarawak government will object to any restriction on the expansion of oil palm plantations on native customary land (NCL).

MARKET DEVELOPMENT
05-09-2018

Malaysian palm oil/Vegoils: Market factors to watch Wednesday Sept 5

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday Sept 5.

MARKET DEVELOPMENT
05-09-2018

Malaysian palm oil price jumps to 2-month high as ringgit, rupiah weaken

KUALA LUMPUR: Malaysian palm oil futures rose to a two-month high on Tuesday evening, charting a third straight session of gains, as the Malaysian ringgit and the Indonesian rupiah weakened and related edible oils moved higher.

MARKET DEVELOPMENT
05-09-2018

Top executives at FGV leave amid shake-up

KUALA LUMPUR: Three top executives at palm oil producer FGV Holdings left the company at the end of August, in a management shake-up at the worldâ€™s largest crude palm oil producer, three sources familiar with the company operations said.

MARKET DEVELOPMENT
05-09-2018

This Boston Startup is Trying to Solve the Worldâ€™s Palm Oil Problem

Between 1990 and 2013, global production of palm oil more than quadrupled, rising from 14.5 million tons to 67.3 million tons. And that number is expected to be 128.20 million tons by 2022, making the global palm oil industry worth $88 billion. This comes, however, with irreversible damage to the environment â€” Palm oil acreage worldwide increased from 15 million acres in 1990 to more than 46 million acres in 2014, mostly concentrated in tropical forests. And all of us contribute to this damage on a daily basis just by buying daily essentials that contain palm oil like bread, shampoo, soaps, ice cream, and chocolate.

MARKET DEVELOPMENT
05-09-2018

Seek for plants that can emulate success of palm oil, rubber industries: Mahathir

KUALA LUMPUR: Malaysia should conduct research for plants that can be nurtured and grown to become successful industries, similar to palm oil and rubber, said Prime Minister Tun Dr Mahathir Mohamad (pix).

MARKET DEVELOPMENT
05-09-2018

Teresa Kok: Malaysia palm oil industry can be 100% MSPO compliant by end-2019

KUALA LUMPUR (Sept 4): Ministry of Primary Industries is optimistic that the Malaysian palm oil industry will achieve 100% Malaysian Sustainable Palm Oil (MSPO) certification, as targetted, by end-2019 with the assistance of big companies and non-governmental organisations (NGOs), Minister Teresa Kok Suh Sim said.

MARKET DEVELOPMENT
05-09-2018

Teresa Kok: Govt to stop oil palm expansion, keep 50pc land as forest

KUALA LUMPUR, Sept 4 â€” The government will not allow any more expansion of oil palm plantations in the country, Primary Industries Minister Teresa Kok said today.

MARKET DEVELOPMENT
05-09-2018

Palm oil steady on European vegoils market

Palm oil on the European vegetable oils market was little changed on Friday due to lack of direction from the Malaysian palm oil futures market, which was closed for a public holiday. Asking prices for palm oil were between unchanged and $2.50 a tonne down lower because of weaker CBOT soyaoil futures and because of a stronger dollar, which weighs on products priced in that currency.

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