Berita Arkib

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives extended last week’s downtrend to closed lower on Monday (June 20), the lowest since Jan 17, weighed by weak market fundamentals.

One of India’s top FMCG companies, Adani Wilmar reduced the prices of one of the priciest of groceries in recent times – cooking oil.

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is forecast to trade with a downside bias as the market continues to be plagued with expectations of higher output next week.

PETALING JAYA: Local palm oil producers should wean off reliance on Indonesian and Bangladeshi foreign workers amidst the “severe” shortage of about 120,000 workers, says Datuk Zuraida Kamaruddin (pic).

Indonesia is home to the biggest palm oil cultivation in the world and has become the key actor in sufficing the global demand for palm oil. (Gro-Intelligence, 2016) Indonesia itself has sustained its position as a major producer of palm oil, due to the economic contribution of palm oil such as job creation and industrial promotion. (Suhartadi, 2019) Considering Indonesia’s intense export of palm oil, they see the importance of utilizing regional trade agreements to ease the conduct of export. Indonesia’s participation in the Regional Comprehensive Economic Partnership (RCEP) has provided a series of opportunities to have fewer restrictions when it comes to trade in the region and other member countries. Indonesia’s involvement in the RCEP would affect the perpetuation of both several issues happening in Indonesia and their dependency on foreign markets for national income. I would like to discuss and elaborate the negative implications of Indonesia’s involvement in RCEP to the palm oil industry, domestic supplies, and the welfare of Indonesian workers.

JAKARTA: Malaysian palm oil futures posted a second consecutive weekly loss of about 8% on Friday, weighed by rising Indonesian exports and an expectation of improving output.

KUALA LUMPUR: The Ministry of Plantation Industries and Commodities (MPIC) has urged plantation owners to increase the use of automation technology to reduce dependency on foreign workers and make the country’s palm oil industry more resilient in the long run.

(June 16): Palm oil slumped to its lowest level since the middle of February on expectations of rising shipments from top grower Indonesia and expanding output in Malaysia.

INTEGRATED palm oil producers with upstream and downstream operations are expected to withstand lower crude palm oil (CPO) prices better than pure upstream players once the current rally tapers off.

SINGAPORE: Palm oil may fall towards 5,394 ringgit per tonne, to fulfil this ultimate target.

JAKARTA: Indonesian President Joko Widodo replaced his trade minister Wednesday over a cooking oil crisis that has roiled global markets, saying “the people need someone experienced”.