Berita Arkib

Almost 90% of the world’s palm oil come from Malaysia and Indonesia. Together, these two countries dominate the global trade in palm oil.

With a scan of their smartphones, consumers can now track the journey of their fish meal to ensure it's a legal, ethical and sustainable product.

Average palm oil prices are set to climb this year, a Reuters poll showed, buoyed by slowing output-growth in top producer Indonesia and by robust demand for the commodity which is used to churn out products ranging from chocolate to biofuels.

Palm oil faces a strong resistance at RM2,304 per tonne, a break above which could lead to a gain into the range of RM2,322-2,351. The resistances is identified as the 261.8% projection level on an uptrend from RM1,979. The successive gains over the past few days have not been disrupted by any decent correction, which may be triggered by the current resistance.

Swiss Economics Minister Guy Parmelin has re-started negotiations with Malaysia over a proposed free trade agreement (FTA). Talks had previously broken down over the contentious topic of palm oil.

Indonesia, the world’s top exporter of palm oil, has issued new rules requiring exporters of natural resources to receive earnings in the local banking industry, among new measures Jakarta announced last year to support the then falling rupiah.

Tokyo-listed trading firm Hanwa has signed one of the first long-term contracts based on the Argus fob Indonesia palm kernel shell (PKS) price index.

Malaysia will consider laws to restrict imports of French products if Paris does not withdraw plans to curb the use of palm oil in biofuels, Prime Minister Dr Mahathir Mohamad said in a letter to French President Emmanuel Macron.

Supermarket giant Iceland has continued to sell own-brand products containing palm oil despite pledging to stop doing so by the end of 2018.

Malaysian palm oil futures reversed earlier losses to rise to their highest in nearly five months on Wednesday evening, charting a fourth day of gains, on a weaker ringgit and tracking gains in U.S. soyoil on the Chicago Board of Trade.

• European Union must propose rule on biofuel crops that cause deforestation or other land-use change by Feb. 1 • Palm oil would be phased out as biofuel feedstock in EU, U.S. soybean farmers could benefit

ASEAN and European Union (EU) Ministers attending the 22nd ASEAN-EU Ministerial Meeting (AEMM) in Brussels, Belgium on Monday, have welcomed the establishment of a joint working group between the EU and relevant ASEAN member States to address issues related to palm oil.