Berita Arkib

KUALA LUMPUR: The government is ready to dish out additional incentives to encourage oil palm planters to embrace the Malaysian Sustainable Palm Oil (MSPO) certification, which is aimed at boosting the crop’s profile in the global market.

KUALA LUMPUR: Malaysia’s palm oil stocks likely hit a 10-month low by end-May, according to a Reuters survey, logging a third straight month of fall due to a dip in output and rise in exports.

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade lower next week with prices ranging between RM1,900 and RM1,950 per tonne amid expectations of a stronger ringgit against the US dollar.

The Governor, Central Bank of Nigeria, Godwin Emefiele, has said the bank has blocked the accounts of some smugglers sabotaging Nigeria’s economy in the textile, rice and palm oil industry.

IMF forecasts the GDP growth for China will be lowered to 6.2 per cent in 2019 from 6.3 per cent recorded in the previous year. The impact of trade war is expected to wipe out US$455 billion off the global GDP next year.

SINGAPORE (June 10): Palm oil may break a support at RM2,019 per tonne and fall into a range of RM1,960-1,997.

The benefits of such an accord, the US president contended, would far outweigh any losses caused by Britain’s exit from the EU. “We have tremendous potential to make up more than the difference,” he told The Sunday Times. “One of the advantages of Brexit is the fact that now you can deal with the number one country by far.” At the end of his first day in London, Mr Trump followed up with a tweet.

Managing director Datuk Lim Chai Beng told StarBiz that yields from the oil palm trees are increasing steadily.

IOI Group founder Tan Sri Lee Shin Cheng (pic) rose from humble beginnings to become a planter extraordinaire, says palm oil industry expert M.R. Chandran

Front-month Brent crude futures, the international benchmark for oil prices, were at $60.88 at 0038 GMT. That was 40 cents, or 0.7%, below last session's close

Asian stocks began the week on the back foot in the wake of trade-war jitters from US moves against Mexico and India to China’s retaliation against American measures. The yen held near a six-month high.

The Primary Industries Ministry and Malaysian Palm Oil Board (MPOB) will continue to raise awareness amongst oil palm smallholders to comply with standards under the Malaysian Sustainable Palm Oil (MSPO) certification programme.