Berita Arkib

Malaysian palm oil futures fell over 1 percent to their lowest in nearly three weeks on Monday as traders turned bearish due to a weaker outlook for exports.

Some of the world's major palm oil users, including Nestle, Unilever, and Mondelez, are trying out new satellite technology to track deforestation, as pressure grows on them to source the ingredient responsibly.

The European Commission has concluded that palm oil cultivation results in deforestation and its use in transport fuel should be phased out, but environmentalists criticised it on Monday for allowing a number of exceptions.

An influential group of U.S. senators, including possible candidates for the 2020 presidential race Bernie Sanders and Elizabeth Warren, is calling on investment firms to take responsibility for deforestation caused by the operations of palm oil companies in which they invest.

Malaysia's palm oil inventories in January eased back from a near two-decade high at end-December, as demand increased amid falling production, official data showed on Monday, although the stocks still hovered just above 3 million tonnes.

Indonesia and Malaysia say the EU measure will unfairly disadvantage their crops, while environmentalists worry it won’t be tough enough on deforestation

TH Plantations’ upcoming Q4 FY18 results may include asset impairment(s) to clean up its balance sheet, Maybank Investment Bank Research says as it lowers its target price (TP) by 20% to 59 sen from 74 sen.

PublicInvest research believes the Malaysian palm oil sector is off to a good start in 2019 as inventory levels fell 6.7% month-on-month to three million metric tonnes (mt) on the back of lower production and stronger exports.

Malaysia’s gross domestic product (GDP) growth is likely to edge up to 4.7% in the fourth quarter (Q4) of 2018, from the 4.4% reported in Q3, in line with Bloomberg’s market consensus, according to United Overseas Bank (M) Bhd (UOB).

Renewed hopes for a positive round of US-China trade talks saw China and Hong Kong markets and Bursa Malaysia close on a firmer note on Monday.

A UN body tasked with cutting global aircraft emissions is covertly meeting this week for discussions dominated by airline industry observers

Satellite imaging has been used to spot deforestation in areas of palm oil cultivation for years, but obtaining the images was expensive and they often took months to arrive to end users.