Berita Arkib

JAKARTA:Malaysian palm oil futures suffered their biggest fall in more than 21 months on Monday after Indonesia, the world's top palm oil producer, announced measures to increase shipments.

KUALA LUMPUR: Petroleum companies have two months to switch from the current B7 (a blend of 7% palm methyl ester and 70% petroleum diesel) to B10 biodiesel before its mandatory implementation on Feb 1, 2019.

KUALA LUMPUR: Malaysia's B10 programme will increase local consumption of palm oil and help reduce surplus in the global market, Primary Industries Minister Teresa Kok said.

The world’s most-used edible oil is having a horrendous year as a powerful mix of drivers pushes down prices — from a slump in petroleum costs to allegations expanding plantations have destroyed orangutan habitats.

JAKARTA (Nov 26): Malaysian palm oil futures suffered their biggest fall in more than 21 months on Monday after Indonesia, the world's top palm oil producer, announced measures to increase shipments.

KUALA LUMPUR (Nov 25): Exports of Malaysian palm oil products for Nov 1-25 fell 2.6% to 1,041,433 tonnes from 1,068,662 tonnes shipped during Oct 1-25, cargo surveyor Intertek Testing Services said on Sunday.

KUALA LUMPUR: Malaysian palm oil futures suffered their biggest fall in more than 21 months on Monday after Indonesia, the world’s top palm oil producer, announced measures to increase shipments.

Malaysia, the second-largest palm oil producer, will increase use of palm in biodiesel for transportation in phases from Dec 1 before making it mandatory on Feb 1, according to Primary Industries Minister Teresa Kok.

Despite the existing tariff-free agreement within the ASEAN region, the Philippines is now mulling to impose duty on palm oil imports amid the possible dumping of the commodity in the country causing a slump in the prices of coconut.

The Indonesian Employers Association (Apindo) and the Indonesian Oil Palm Farmers Association (Apkasindo) recently complained to the government against Greenpeace, claiming that the actions of the environmental group are bad for the country’s economy.

The Malaysian government is optimistic over the predicted performance of palm oil in 2019, despite the current challenges faced by the industry.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday Nov 26.