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Palm tracks gains in Dalian and Chicago rival oils, stronger crude
CPO Futures Close Lower Amid Weaker Crude Oil, Soybean Oil Prices
Malaysia raises palm oil export duty for April
Middle East conflict boosts demand for alternative fuels
Nestle and Sime to jointly plant one million trees
16/12/2021 (www.thestar.com.my) - PETALING JAYA: Nestle (M) Bhd has partnered with Sime Darby Plantation Bhd to plant over one million trees within the latter’s oil palm operation areas.
Malaysian Palm Oil Association launches workers’ protection charter
15/12/2021 (www.malaymail.com) - KUALA LUMPUR, The Malaysian Palm Oil Association (MPOA) has launched a charter that affirms the commitment of its members to respect labour rights, adopt responsible recruitment practices and provide good working and living conditions for workers.
‘Intelligent’ Cutters for Trees to Ease Malaysia Palm Oil Labor Crunch
14/12/2021 (www.bloomberg.com) - A Malaysian firm is developing a harvesting tool for palm oil that could accelerate automation in an industry that is known not only for its grueling conditions, but is also suffering from a chronic labor shortage.
Licensed wholesaler suspected of abusing subsidised cooking oil
13/12/2021 (www.theedgemarkets.com) - PUTRAJAYA : A licensed controlled goods wholesaler in Rawang Selangor was found carrying out irregular activities on one-kg pack subsidised cooking oil at its premises.
MPOB, Chinese partners to produce biodiesel and biojet fuel in Malaysia
13/12/2021 (www.nst.com.my) - KUALA LUMPUR: Malaysian Palm Oil Board (MPOB) has partnered with Pengerang Maritime Industries Sdn Bhd, Shanxi Construction Investment Group Co Ltd (SCIG) and Chinese Academy of Sciences' Institute of Coal Chemistry to produce biodiesel and biojet fuel in Malaysia.
B10 biofuel mandate unlikely to curb Brazilian soybean crush in 2022
15/12/2021 (www.spglobal.com) - The Brazilian soybean crushing volume in 2022 is unlikely to slacken despite the National Energy Policy Council's decision to cut next year's biofuel content level in diesel from 13% (B13) to 10% (B10), analysts told S&P Global Platts.
Palm oil fluctuates, eyes 4,625-4,676 ringgit range
SINGAPORE: Palm oil may break a support at 4,751 ringgit per tonne, and fall into 4,625-4,676 ringgit range.
Vegetable oil imports rise 6% in Nov at 11.73 lakh tonnes: SEA
Edible oil imports rose to 11,38,323 tonnes last month from 10,83,329 tonnes in the year-ago period.
Bursa opens lower in early trade, tracking Wall Street
KUALA LUMPUR (Dec 14): Bursa Malaysia opened lower in early trade on Tuesday (Dec 14), taking its cue from the weaker performance on Wall Street as it took a turn and fell across the board, led by sell-offs of consumer discretionary and energy stocks.
