Berita Arkib

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.

Farmers have already warned of looming vegetable shortages as supply and distribution chains are disrupted.

Malaysian palm oil futures dropped 2% on Wednesday, mirroring losses in rival oils, pressured by growing worries over a plunge in demand as more countries go into lockdowns due to the coronavirus pandemic.

As the coronavirus pandemic spreads across the world, oil prices face another week of decline, hitting a new low of US$20 per barrel.

May canola tacked on $1.30 to $468.80 per tonne, touching a two-month high for the nearby contract. May-July canola spread traded 9,295 times.

The front-month April delivery crude palm oil contract on the Multi Commodity Exchange of India hit an over one-week low of 641.4 rupees per 10 kg today, tracking weak cues from parent contracts on the Bursa Malaysia Derivatives, analysts said.

Palm oil industry players are appealing to the Sabah state government to reconsider its decision to close estate and mill operations and allow the state’s smallholders to resume essential and critical operations during the Movement Control Order (MCO) period

Malaysian palm oil futures closed lower on Tuesday, as demand concerns due to coronarivus-driven global shutdowns outweighed supply disruptions in the world's second-largest palm producer

Sime Darby Plantation Bhd (SDP) says the containment of palm oil plantations in Sabah needs to be balanced with considerations so that it will not jeopardise the sector