Latest News

MARKET DEVELOPMENT
08-12-2021

VEGOILS-Palm oil jumps 3% to one-week high on lower stocks forecast

KUALA LUMPUR, Dec 7 (Reuters) - Malaysian palm oil futures hit a one-week high in their second consecutive day of gains on Tuesday, as industry surveys pointed to tightening November production and inventory.

MARKET DEVELOPMENT
08-12-2021

Indonesia court rejects bid to reinstate palm oil permits in Papua

JAKARTA (Reuters):An Indonesian court on Tuesday (Dec 7) rejected a bid by two companies to reinstate permits for palm oil plantations in its easternmost region of Papua, in what was seen as a test of the government's pledge to halt such land conversions to contain deforestation.

MARKET DEVELOPMENT
08-12-2021

Posco International sets up holding company in Singapore to bolster palm oil biz

Posco International Corp., the trading arm of South Korean steel giant Posco, said Wednesday it has set up a holding company in Singapore to further expand its palm oil business overseas.

MARKET DEVELOPMENT
08-12-2021

CPO futures hit one-week high on worries over lower output

KUALA LUMPUR (Dec 7): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives hit a one-week high on Tuesday on concerns over weaker output ahead of a key crops report due this week.

MARKET DEVELOPMENT
08-12-2021

MPIC: Malaysia awaits consideration from source countries for foreign workers

KUALA LUMPUR (Dec 7): Malaysia is now awaiting consideration from source countries, namely Indonesia, in relation to the mechanism to bring in foreign workers for the oil palm plantation sector, said the Ministry of Plantation Industries and Commodities (MPIC).

MARKET DEVELOPMENT
06-12-2021

Council of Palm Oil Producing Countries must use latest technologies to counter anti-palm oil propaganda, says minister

JAKARTA, Dec 4 â€” Strategies devised to debunk myths surrounding palm oil must leverage todayâ€™s technological advancements, including the cyber platform where news travels fast, said Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin.

MARKET DEVELOPMENT
06-12-2021

Indonesiaâ€™s Palm Oil Exports, Production Seen Up Next Year- Gapki

Indonesian production of crude palm oil is expected to improve next year, Togar Sitanggang, the vice chairman of the southeast Asian nationâ€™s palm association (GAPKI) said.

MARKET DEVELOPMENT
06-12-2021

Bursa lower in early trade

KUALA LUMPUR (Dec 6): The FBM KLCI turned lower after a positive start in line with negative sentiment on Wall Street, given the ongoing worries over the Omicron Covid-19 variant.

MARKET DEVELOPMENT
06-12-2021

China-Malaysia Ties: Foreign ministers discuss cooperation, sustainable development

The foreign ministers of China and Malaysia met on Saturday, discussing the pandemic, trade and the Belt and Road Initiative.

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