Berita Arkib

Agricultural and agri-commodities company FGV Holdings Bhd has developed an action plan to ensure that all of its practices relating to labour are fully in line with international labour standards.

ICE Canadian canola futures fell on Wednesday, pressured by weakness in soyabeans and a sinking stock market. Canola crush margins worsened and canola prices appear to have further downside, a trader said.

The palm oil industry hopes plantations and mills in six districts on the east coast will be allowed to resume operations while the timber sector faces millions in losses if no special permission is granted to export ready shipments during the current Movement Control Order (MCO) period.

Malaysian Estate Owners Association (MEOA) members said they could help contain the Covid-19 pandemic in oil palm plantations by resuming operations

Bio-diesel units in India are facing the heat of the coronavirus disease (Covid-19) outbreak, as Asian and West Asian countries have stopped importing buffalo and goat meat, leading to a drop in animal tallow production, a key raw material of biodiesel

Singapore-listed vegetable oil company Wilmar International Ltd and plantation player Kuala Lumpur Kepong Bhd (KLK) have chimed in with their pleas to the Sabah government, asking the state to reconsider the closure of palm operations in six districts, saying the move has potential adverse socio-economic ramifications.

The Agriculture Ministry has come up with some strategies to boost Indonesia's exports of plantation commodities amid the COVID-19 pandemic and sought an alternative market for the exports.

The year before Indonesia had been the fourth largest buyer of Canadian wheat, taking almost 900,000 tonnes and Bogasari had signed a supply agreement with the Canadian Wheat Board to buy between one million and 1.5 million tonnes a year for the next five years

The trademark is now more sought after by the Supply Chain Associates and Ordinary Consumer Goods Manufacturers and has seen rapid growth in the last six months, with almost 140 new trademark applications received from RSPO members

Malaysia and the European Union share a long history and strong trade ties. The European Union is Malaysia’s third-largest trading partner and is its largest source of foreign direct investment, and Malaysia is a major exporter of raw materials to the European Union. But politics over palm oil threaten their relationship.

Malaysian palm oil futures edged up on Thursday, as crude oil futures rallied and the ringgit weakened, but concerns over a drop in global demand limited gains.

The country’s two largest plantation groups — FGV Holdings Bhd and Sime Darby Plantation Bhd (SDP) — are pleading for the Sabah state government’s understanding of the tough situation that the oil palm estate owners are facing in the state as a result of shutting down operations in the state.