Berita Arkib

Jan 5 - Malaysian Palm Oil Council CEO Kalyana Sundram told a virtual palm oil conference on Tuesday:

KUALA LUMPUR: Malaysian palm oil futures reversed early losses on Tuesday, climbing to 10-year highs, as survey showed December stockpiles tumbling to their lowest in over a decade.

KUALA LUMPUR (Jan 5): Crude palm oil (CPO) prices are expected to remain above RM3,000 per tonne in the first quarter (1Q) of this year, propped up by limited supply of major edible oils, low inventory levels in the larger edible oil consuming countries and the La Nina phenomenon, which has slowed soybean planting in Brazil and reduced yield in the US, said HLIB Research.

SINGAPORE: Palm oil still targets 3,757 ringgit per tonne, as suggested by its wave pattern and a projection analysis.

New Delhi — Brazil's soybean crush volumes are expected to remain elevated in 2021 on high demand, while the outlook for Argentina's crushing industry is precarious as Buenos Aires grapples with recession and more than $323 billion of mounting debt. Brazilian crushers' sales soared for most of 2020 due to high domestic and export demand, while Argentina's crushers grappled with labor strikes, high taxes, negative margins, tight raw beans supply and logistical bottlenecks, analysts said, predicting similar trends for the two nations in 2021.

KUALA LUMPUR, Jan 5 — A nimble push into higher biodiesel blends such as B40 — 40 per cent blend of palm oil-derived biodiesel — by Indonesia and B30 by Malaysia will help to mitigate the negative effects of the European Union’s (EU) lower palm oil demand for biofuel, the Malaysian Biodiesel Association said.

A significant amount of biomass is generated in the country each year, across a variety of crops or plantations such as palm oil, coconut, rubber, wood and rice husk, among others.

The palm oil imports increased by 29.40 percent during the first five months of the current fiscal year against the imports of the same period of last year.

The Ministry of Plantation Industries and Commodities Industry (MPIC) has expressed regret and disapproval regarding the drastic action taken by the United States (US) to bar the entry of palm oil produced by Sime Darby Plantation Bhd (SDP) without giving the company an opportunity to defend itself.

The US Trade Representative (USTR) office organised a hearing to gather opinions from US businesses and organisations regarding suspicions that Vietnam’s increasing trade surplus with the US was caused by deliberate undervaluation of the Vietnamese dong.

China stands ready to work with ASEAN to further enrich the strategic partnership and usher in a new era of peace, development and cooperation for the region, said Chinese State Councilor and Foreign Minister Wang Yi.

Sime Darby Plantation Bhd (SDP) says the US Customs and Border Protection's (CBP) news release does not provide sufficient information to allow the company to meaningfully address the allegations that triggered the issuance of the Withhold Release Order (WRO)