Latest News

MARKET DEVELOPMENT
28-09-2021

Ministry helps Viet businesses prepare for RCEP

The Ministry of Industry and Trade (MoIT) is collecting comments on a draft circular regarding the Rules of Origin regulations for the Regional Comprehensive Economic Partnership (RCEP).

MARKET DEVELOPMENT
28-09-2021

Palm reverses course to end lower on higher output, cheaper rivals

Malaysian palm oil futures gave up gains to close 1% lower on Monday as stronger palm production and cheaper rival oils weighed on the prices.

MARKET DEVELOPMENT
28-09-2021

IOI Corp expects stable FFB production in 2022 on higher production

IOI Corp Bhd expects the fresh fruit bunch (FFB) production to be stable next year as the higher production from young palm trees at its Indonesian plantations offsets the production loss from its accelerated replanting programme in Sabah, according to its group managing director and chief executive officer Datuk Lee Yeow Chor.

MARKET DEVELOPMENT
28-09-2021

CGS-CIMB: CPO price forecast to be range-bound until year-end

Among the speakers, Godrej International director Dorab Mistry forecast the CPO prices to decline from RM3,800 per tonne in April 2022 to RM3,200 per tonne in September 2022.

MARKET DEVELOPMENT
28-09-2021

Carbon farming and palm oil

The palm oil business can no longer ignore the call to embrace sustainability more thoroughly. As the consequences of the climate crisis grow, businesses worldwide are investing in climate mitigation measures.

MARKET DEVELOPMENT
28-09-2021

Palm prices seen firm until February

Malaysian crude palm oil prices, which have hovered near last monthâ€™s record highs, will stay firm until February, but start to ease from March, on rising output in the top two producer nations, leading industry analyst Dorab Mistry said.

MARKET DEVELOPMENT
28-09-2021

Edible oil demand has plateaued during pandemic: Renuka Sugars MD

Chaturvedi also said that the rise in edible oil prices in the country was reflective of international value, adding that a dip in edible oil prices was expected to be gradual and not drastic in the coming time due to an estimated increase in global production.

MARKET DEVELOPMENT
28-09-2021

Edible oil prices could ease, sharp drop unlikely

Edible oil prices could ease in the next to six to 12 months on improving supplies and benchmark palm prices could moderate from near record levels to average slightly below 4,000 ringgit ($956.60) per tonne in 2022, a top industry analyst said.

MARKET DEVELOPMENT
28-09-2021

Strengthening economic growth, inclusivity and sustainability via 12MP

This includes the adoption of technology by and modernisation of different sectors, as well as the strengthening of international trade, which includes the ratification of new free trade agreements (FTAs), such as the Regional Comprehensive Economic Partnership (RCEP).

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