Berita Arkib

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.

A COMMODITY supercycle may be building as analysts notice that the upswing in prices of various commodities is driven by rising demand due to lower stockpiles across supply channels and Chinese demand.

Rajendranagar: With an aim to promote oil palm cultivation in the State, the Telangana government notified an additional potential area of 3.29 lakh hectares i.e 8.14 lakh acres in 25 districts of Telangana apart from already notified areas. To begin with, the government has sowed the seeds of idea especially in the eastern region of the State in order to paddle its own canoe in oil palm production.

CHICAGO (Jan 19): Chicago soybean futures slid on Tuesday as rain across South America strengthened crop prospects and bolstered the global supply outlook, traders said.

PUTRAJAYA: Domestic Trade and Consumer Affairs Minister Datuk Seri Alexander Nanta Linggi said the cooking oil subsidy has always been reserved for a kilogramme in polybag packaging since November 2016.

Malaysia is set to take legal action at the global trade watchdog against the European Union and member states France and Lithuania for restricting palm oil-based biofuels in an ongoing row about access to markets.

SINGAPORE: Palm oil may test a support at 3,300 ringgit per tonne, a break below which could cause a fall to 3,221 ringgit.

ISLAMABAD: The government is expecting a downtrend in edible oil prices in the domestic market due to reversal in international rates of palm oil, officials said on Monday.

THE country’s agriculture and edible oil sector is expected to witness some competition from new technological breakthroughs that could also be the answer to food security issues that might crop up in the near future.