Berita Arkib

KUALA LUMPUR: Malaysian palm oil futures were down on Friday evening after official data release showed a rise in production, though losses were capped as the gain in stockpiles was below market expectations.

In the current 2017/18 season (September-June), palm oil imports were still at a five-year high, at 193.3 KMT, that is almost 20% more than in the same period last season (161.6 KMT), reports UkrAgroConsult.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday Aug 10.

KUALA LUMPUR: Malaysian palm oil futures ended down on Thursday, snapping a four-session winning streak, on losses overnight in soyoil on the Chicago Board of Trade (CBOT) and as traders turned cautious ahead of a slew of data releases.

BINTULU: Local palm oil players are strongly encouraged to diversify into further downstream sectors such as oleo derivatives and specialty oleochemical-related ventures like the production of high-value oleochemical derivatives, second-generation bio-fuels for power generation, and food and health products as a way forward.

The palm oil industry is no stranger to controversy. While the world has come to learn of the environmental issues linked to the oil’s production, claims have arisen that countless rural communities have been affected by land grabs by companies seeking to expand their production.

FAISALABAD: Indonesia is willing to set up joint ventures in the production and processing of palm oil, along with manufacturing of high-value products from palm oil in Pakistan.

New Delhi, Aug 9 Crude palm oil prices went down by 0.21 per cent to Rs 593.80 per 10 kg in futures market today as speculators cut down positions in line with weak Malaysian palm oil prices and on muted spot demand.

The rising share of vegetable oil import from neighbouring countries, which are not known to produce any, has irked edible oil producers.

KUCHING: The state government has taken a committed role to ensure that the palm oil industry in Sarawak gets full Malaysia Sustainable Palm Oil (MSPO) certification by Dec 2019.

BINTULU: Given the lack of interest among locals to work in the plantation sector and the difficulty in employing foreign workers in the near future, the way forward for the plantation sector is to accelerate efforts in adoption of mechanisation.

ECONOMYNEXT – Sri Lanka’s Watawala Plantations net profit fell 57% to 164 million rupees in the June 2018 quarter from a year ago with lower crop amid volatile palm oil prices and continuing losses at its dairy unit.