Latest News

MARKET DEVELOPMENT
07-10-2021

Malaysia's CPO futures rise past RM5,000 a tonne to new record high

KUALA LUMPUR (Oct 6): Bursa Malaysia crude palm oil (CPO) futures prices rose past RM5,000 a tonne for the first time to a record high on Wednesday (Oct 6) after the CPO price for October 2021 rose as much as RM75 to RM5,050.

MARKET DEVELOPMENT
07-10-2021

Lifting of foreign labour ban on oil palm plantations offers sector slight relief

WHILE Putrajayaâ€™s lifting of its foreign labour freeze on the plantation sector marks a silver lining for players, there is still some way to go before the strained industry sees any meaningful impact.

MARKET DEVELOPMENT
07-10-2021

Plantation stocks at multi-month highs as CPO futures breach RM5,000

KUALA LUMPUR (Oct 7): Plantation stocks such as Kuala Lumpur Kepong Bhd (KLK), Genting Plantations Bhd and Sime Darby Plantation Bhd rose to multi-month highs on Wednesday, as crude palm oil (CPO) futures breached the RM5,000 per tonne mark for the first time.

MARKET DEVELOPMENT
07-10-2021

Palm ends at record high on crude rally, supply woes

KUALA LUMPUR: Malaysian palm oil futures closed at a record high on Wednesday, driven by a rally in crude prices and expectations of tighter supplies.

MARKET DEVELOPMENT
07-10-2021

Indonesia successfully tests bioavtur-powered flights

Jakarta (ANTARA) - Indonesia has successfully conducted test flights on the Bandung-Jakarta route using bioavtur, a jet fuel derived partially from palm oil, Energy and Mineral Resource Minister Arifin Tasrif said in a statement released here on Wednesday. Indonesia has made history with the test flights, which were conducted from Bandung in West Java to Jakarta on bioavtur-powered CN-235-220 Flying Test Bed (FTB) aircraft, the minister remarked.

MARKET DEVELOPMENT
07-10-2021

Nationwide B20 biodiesel plan is still on, says Zuraida

KUALA LUMPUR (Oct 6): The government intends to continue with its much delayed effort to implement the B20 biodiesel programme nationwide, said Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin.

MARKET DEVELOPMENT
07-10-2021

Ministry to take aggressive measures in marketing, development of palm products

KUALA LUMPUR (Oct 6): The Ministry of Plantation Industries and Commodities (MPIC) plans to take more aggressive measures to address palm oil-related issues by formulating plans for the marketing and development of the commodity.

MARKET DEVELOPMENT
06-10-2021

Malaysia CPO futures hit RM5,000 a tonne for the first time

KUALA LUMPUR: Bursa Malaysia crude palm oil (CPO) futures price rose to RM5,000 a tonne for the first time on Tuesday after the commodity traded up as much as RM162 before paring gains at the bourse's afternoon break.

MARKET DEVELOPMENT
06-10-2021

Palm rallies 4% to record high on stronger crude, supply squeeze

KUALA LUMPUR: Malaysian palm oil futures jumped as much as 4% on Tuesday, hitting a record of 4,786 ringgit a tonne on stronger crude oil prices and as market surveys pointed to tightening September stockpiles.

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