Berita Arkib

KUALA LUMPUR: Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to remain above RM3,000 per tonne in the upcoming shortened trading week, following improvement in exports and concerns on tight supply.

It’s more gas for Gas Malaysia Gas Malaysia Bhd is finally being more than just a distributor of gas through pipelines to households and industries.

Indonesia is set to collect an up to $50 per tonne export levy on palm oil in January.

Indonesia is set to collect an up to US$50 per tonne export levy on palm oil in January

Palm-oil prices continue to rally, hitting new two-year highs as lower production data fuel fears of a supply shortage, say traders.

Palm oil futures closed above RM3,000 per tonne for the first time in almost three years, with concerns about output from second-biggest producer Malaysia prompting investors to buy more at the end of 2019.

RHB Retail Research said crude palm oil futures (FCPO) may trend higher as the commodity's upward momentum continued after it posted a third consecutive white candle.

Malaysian palm oil futures rose to their highest in nearly three years on Thursday, buoyed by concerns after an industry body forecast a steeper-than-expected drop in production for the first 20 days of this month.

In the last two-three months, crude palm oil (CPO) prices have rallied much to the relief of producers, especially in Malaysia and Indonesia, two of the world’s largest producers. If anything, the market was caught unawares.

When the nickel smelters started springing up in Morowali, a global hub for nickel ore mining, on Indonesia’s Sulawesi Island in around 2013, the local health clinic saw a sharp increase in the number of the town residents with respiratory infections in need of medical treatment. Notwithstanding this trend, Indonesian government policy aims to triple the number of nickel smelters nationwide between 2020-21. Also palm oil production is important to the Southeast Asian country’s economy, as Indonesia is the world’s biggest producer and consumer of the commodity, providing about half of the world’s supply. In 2016, Indonesia produced over 34.5 million tons of palm oil, and exported nearly 73% of it. Now Indonesia’s ban on nickel ore exports and the EU’s tariffs on palm oil imports have prompted both sides to sue each other in the World Trade Organization (WTO).

KUALA LUMPUR: Malaysian palm oil futures closed higher on Tuesday, as supply concerns due to lower output expectations boosted prices, while higher biofuel mandates in 2020 aided sentiment.

A private company’s concession to grow oil palms in Krabi has come to an end. So local authorities have opened it to locals as a “Community forest”. The local Forest Resource Management officials have launched a reclamation project at the site in Ban Thung Preu, Khao Phanom.