Berita Arkib

Boustead Plantations will progressively replace old oil palm trees of the five estates encompassing 11,579.31hectares (42 parcels of land) which is bringing from Dutaland Bhd's Pertama Land Sdn Bhd for RM750 million in Labuk and Sugut in Sabah.

The green policy practised by the country and states are effective measures in ensuring that the palm industry will not affect the environment, said Malacca Chief Minister, Datuk Seri Idris Haron.

The palm oil February contract may fall more to 2,709 ringgit per tonne, as it has broken a support at 2,739 ringgit.

Global Sustainable Palm Oil Market: Overview

The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday Nov 15.

Palm oil exports value is expected to exceed RM70bil this year compared with RM67bil recorded last year, said Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong.

Malaysian palm oil futures hit their lowest in nearly four weeks on Tuesday evening, weighed down by overnight losses in the Chicago Board of Trade (CBOT) soyoil and weakness in related oils on China's Dalian Commodity Exchange.

Malaysia and Indonesia will consider imposing trade sanctions against the European Union (EU) if it does not rescind what the two countries consider an “unfair resolution” against the palm oil industry, says Datuk Seri Najib Tun Razak.

Perak-based United Plantations Bhd expects 2018 to be a good year with crude palm oil (CPO) prices forecast at between RM2,400 and RM2,600 per tonne, driven by strong global demand as the economy improves.

- Malaysia and Indonesia view the export restriction on palm oil in the European Union seriously and are ready to take joint action to counter the discrimination, which will jeopardise the livelihoods of more than 18 million smallholders in both countries, said Prime Minister Najib Razak.

Malaysia views European Union’s (EU) move to link palm oil industry with deforestation very seriously and is ready for counter action to protect the welfare of the 600,000 smallholders in the country.

Indonesia’s state plantation holding company PT Perkebunan Nusantara III (PTPN III) expects palm oil output to stagnate next year as it replants old trees, the company chief executive said on Tuesday.