Berita Arkib

Food firms cannot claim the palm oil in their products does not destroy rainforests because supply chains are so complex, scientists say.

MUMBAI: Malaysian palm oil futures rose on Friday tracking rival soyoil and on expectations of a marginal rise in the country's palm oil output, although a fall in exports in May capped the gains.

Palm oil companies face huge challenges in making good their guarantees that production of their widely-used vegetable oil will not involve deforestation.

The Indonesian Federation of Vegetable oil Industries (GIMNI) said the country`s downstream palm oil industry grew positively including in vegetable oil, oleochemiacl and biodiesel industries.

Over 50 Local farmers from various communities in Ogba/Egbema/Ndoni, Ahoada and Emohua Local Governemnt Areas of OML 58 oil field in Rives State were given special trainings sponsored by Total E&P. Nigeria Ltd on International Standard of Oil Palm production.

Maintain market perform with a lower target price (TP) of RM5.60: Sime Darby Plantation Bhd’s nine months of financial year 2018 (9MFY18) core net profit (CNP) at RM852 million was below expectations, at 65% of the consensus RM1.32 billion forecast and 61% of our RM1.4 billion estimate on above-expectations unit cost due to severe weather impact. However, fresh fruit bunch (FFB) production at 7.8 million tonnes was within expectations, at 76% of our 10.2 million-tonne forecast. No dividend was announced as expected.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday June 1.

ARIS: France's largest farmers' union called on Thursday for French oil refineries to be blocked in protest at a decision allowing Total to use imported palm oil at a new biofuel production site.

KUALA LUMPUR: Sime Darby Plantations Bhd posted a 93% increase in net profit to RM1.69bil for the nine months ended March 31, 2018 due to stronger overall fresh fruit bunches (FFB) production, lower finance costs and non-recurring gains.

JAKARTA (May 31): Malaysian palm oil benchmark futures fell on Thursday as a weak demand outlook continued to put pressure on prices of the vegetable oil.

In recent years, Peru's sprawling jungle has been cleared for palm oil and cocoa plantations. Conservationists say the land is controlled by private companies who acquired it through corrupt means.

Uganda has revived a palm oil expansion project that has been shelved for more than a decade, according to a report published by Bloomberg.