Berita Arkib

GENEVA • Malaysia has filed a complaint with the World Trade Organisation (WTO) over European Union rules affecting the consumption of palm oil-based biofuels, according to a document published on Tuesday.

Jakarta (ANTARA) - The Indonesian Institute of Sciences (LIPI) has put forward a suggestion to build green fuel refinery for processing palm oil into green fuel.

KUALA LUMPUR: The Federal Land Development Authority (Felda) has acquired a total of 78.15 million shares in FGV Holdings Bhd from the open market on four different days this month.

SINGAPORE: Palm oil may end its drop in a support zone of 3,173-3,221 ringgit per tonne, and start a strong bounce thereafter.

CHICAGO: Chicago Board of Trade soyabean futures slid on Tuesday as rains across Brazil and Argentina bolstered supply outlook from the region.

KUALA LUMPUR (Jan 21): Palm oil prices continued to edge lower yesterday, as concerns about lower demand for the edible oil following lower export data outweigh worries about weaker supply amid torrential rains that have triggered floods in key growth areas in Malaysia.

PUTRAJAYA (Jan 20): Retailers are allowed to impose a limit on the purchase of cooking oil in 1 kilogramme polybag to three units per transaction for each customer effective Jan 19.

FITCH Solutions Country Risk and Industry Research is expecting the average palm oil price to trade at an 11-year high of RM3,050 per tonne this year on the continuation of limited stockpile of palm oil and lower soy oil prices ahead.

LAST Thursday, crude palm oil futures breached RM4,000 per tonne for the first time since 2008. But despite this positive upward trend in prices, a cloud still hangs over the industry following another ban by the US Customs and Border Protection (CBP), this time on palm oil and products of Malaysian plantation giant Sime Darby Plantation Bhd on allegations of forced labour. The ban came into effect on Dec 30, 2020.

KUALA LUMPUR — 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.

SINGAPORE: Palm oil may test a resistance at 3,381 ringgit, with a good chance of breaking above this level and rising into a range of 3,426 ringgit to 3,474 ringgit per tonne.

GEORGE TOWN: Retailers in Penang have been told to restrict the sale of cooking oil in 1kg packets to ensure that there is ample supply as well as to minimise instances of hoarding.