Berita Arkib

- Malaysian palm oil futures rose 1% in early trade on Monday, following three previous sessions of losses. Benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was last up 1.1% at 2,036 ringgit ($486.73) per tonne.

Oil palm planters in Sabah are delighted with Chief Minister Datuk Seri Mohd Shafie Apdal’s announcement at a dialogue with business entrepreneurs in Sandakan that a proposed property assessment tax (PAT) on palm oil mills and labour quarters will not be implemented.

Growth of local industries in the oil palm sector is doomed following heavy importation of foreign brands, with a clear danger that a crash is imminent.

Palm oil may bounce more to RM2,049 per tonne, as it has broken a resistance of RM2,026.

A group of 10 non-governmental organisations (NGOs) are suing French conglomerate Bollore in a French court over commitments it made to residents and workers at its palm oil plantation in Cameroon.

Market earlier rose as much as 1.5% * Stronger export data also supports market - trader * Palm oil may bounce to 2,049 rgt/T - techs (Updates with closing prices, comment) By Emily Chow

BASF, The Estee Lauder Companies and the Roundtable on Sustainable Palm Oil have announced that they are partnering with Solidaridad to promote sustainable palm oil and palm derivatives production in the district of Waykanan, Lampung, Indonesia.

Government loses an estimated US$40million annually from the smuggling of oil palm products into the country through unapproved routes.

Malaysia's May 1-25 palm oil exports seen at 1,365,512 tonnes versus April 1-25 at 1,260,622 tonnes, according to Amspec Malaysia.

The Water Leach Purification (WLP) residue from the Lynas Malaysia plant could be used in fertilisers and help reduce imports of rock phosphate, says the company's representatives.

The Government is still positive on the target to ensure that 5.85 million hectares of palm oil plantations nationwide achieve the Malaysian Sustainable Palm Oil (MSPO) certification by year-end, Primary Industries Minister Teresa Kok (pic) said.

A global palm oil industry watchdog is planning a separate standard for smallholders to help them adopt sustainable practices and get green certification, the Indonesian director of the Roundtable on Sustainable Palm Oil (RSPO) said.