Berita Arkib

Palm oil’s bull run will face more headwinds in the coming year as leading importer China buys increasing amounts of soybeans to power an aggressive expansion of the country’s hog industry.

The world’s top producers of palm oil, Indonesia and Malaysia, are looking to join forces for the first time to run an advocacy campaign in Europe, where increasingly tight regulations are threatening sales in their third biggest market.

The ringgit opened slightly lower against the US dollar today on cautious demand for the local currency, an analyst said.

Malaysian palm oil futures fell for a second consecutive session on Monday, tracking losses in rival vegetable oils on the Dalian Commodity Exchange and Chicago Board of Trade (CBOT).

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to undergo technical correction this week with pessimistic exports outlook.

FIVE of FGV Holdings Bhd’s non-interested directors have advised shareholders to reject Federal Land Development Authority’s (Felda) RM1.30 a share cash offer as the offer price undervalues the planter.

The decoupling between share prices of plantation companies and crude palm oil (CPO) price, in analysts’ view, could be due to several reasons including investors’ concern on CPO sustaining at high level over the longer term, among others.

Red palm oil is produced from pulp of the fruit of the African oil palm (Elaeis guineensis). In its unprocessed state, the oil has an intense deep red colour because of its abundant carotene content.

To complement the government’s efforts to secure the country’s nutrition security, the dairy sector has sought zero tax on nutritional products butter, ghee (butter oil) and paneer (cottage cheese) from the current 12 per cent Goods and Services Tax (GST).

The rise in non-subsidised cooking oil prices was influenced by the rising price of crude palm oil (CPO) since August last year, said Domestic Trade and Consumer Affairs Minister Datuk Seri Alexander Nanta Linggi.

The rising price of crude palm oil (CPO) globally may be a blessing for the nation’s economy but the downside to it is that it will lead to higher non-subsidised cooking oil prices

Oils and fats are used in the preparation of various food items, at both household and industry levels.