Berita Arkib

Oil palm plantation projects can become the catalyst for rural development, according to Ngemah assemblyman Alexander Vincent who, however, lamented there are always certain quarters who tend to oppose such projects.

The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday Oct 26.

Malaysian palm oil futures jumped on Wednesday evening, supported by gains in overseas rival oils prices and a rise in October exports.

Palm oil on the European vegetable oils market was offered firmer on Wednesday, tracking stronger Malaysian palm oil futures, which rose on rising exports in October, and rival soyoil.

KUCHING: The possibility of a strong La Nina happening soon will have significant impact on palm oil production.

The palm oil January contract may break a resistance at RM2,812 per tonne, and gain more to the Sept 14 high of RM2,860.

Oil palm planters have recently appealed to the government to raise the threshold level of windfall tax as the industry face increasing costs of doing business.

Malaysian palm oil futures rebounded on Wednesday, supported by gains in overseas soyoil prices and a rise in October exports.

In the past decades, large areas of forest in Sumatra, Indonesia have been replaced by cash crops like oil palm and rubber plantations

Indonesia is exacerbating the effects of climate change by swapping its rainforest for palm plantations in a switch that could make water more scarce and wildfires more common, scientists said on Wednesday

One of the pillars of economy that is relied upon by a country is foreign exchange. A country's wealth in the form of foreign exchange (usually in dollars) can be used for international transactions.

Chinese soyabean prices fell to their lowest in 18 months on Monday, amid concerns the government might lower its price or suspend state buying of the oilseed as farmers harvest the country's largest crop in six years, analysts said.