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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
Palm falls on weak rival oils, crude oil prices, April demand concerns
Malaysia's palm oil giant FGV says migrant workers to enter by end-Q1 2022
KUALA LUMPUR, Nov 30 (Reuters) - Malaysia's palm oil planters are preparing to import an army of migrant workers to boost output hammered by the coronavirus pandemic, but the nation's largest producer said workers are only expected to start arriving by the end of March 2022.
CPO futures end lower on weaker CBOT performance
KUALA LUMPUR (Nov 30): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower on Tuesday, tracking weakness in the soybean oil market on the Chicago Board of Trade (CBOT).
Plantation Industries Ministry to create more smart smallholders, says inister
KUALA LUMPUR, Nov 30 — The Ministry of Plantation Industries and Commodities (MPIC) will produce more smart smallholders by modernising services and increasing the adoption of technology.
Cargill acquires edible oil refinery in Nellore
Cargill on Tuesday said it is investing $35 million on acquiring and upgrading an edible oil refinery in Nellore in neighbouring Andhra Pradesh.
Malaysia needs to revisit agri sector
KUALA LUMPUR: There is a need for Malaysia to revisit the agriculture sector as a potential source of employment opportunities and increase capital investment in modernising this sector, said the Department of Statistics Malaysia (DoSM).
Indonesia prepares strategic plan for developing biodiesel
Jakarta (ANTARA) - Energy and Mineral Resources Minister Arifin Tasrif has said that his ministry is currently preparing a strategic plan for developing Biodiesel 40 (B40), which contains 40 percent biofuel and 60 percent diesel.
India’s rapeseed output may jump on higher area
MUMBAI: India’s rapeseed and mustard output is likely to jump 16% to a record high in 2021/22 on conducive weather and as record high prices prompted farmers to expand area under the winter-sown oilseed, industry officials told Reuters.
CPO futures close mixed on expectation of stronger exports, worries over Omicron
KUALA LUMPUR (Nov 29): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed mixed on Monday on the expectation of stronger exports.
Palm oil ekes out gains as investors weigh Omicron's impact
KUALA LUMPUR: Malaysian palm oil futures ended slightly higher on Monday as crude and global markets rebounded from a tumble stoked by the discovery of a new coronavirus variant last week, although concerns over renewed lockdowns kept prices in check.
