Berita Arkib

With palm oil prices facing pressure in international markets, the government is recommending that oil palm planters and smallholders consider other types of commercial crops with better market prospects

A professor of Farm Power and Machinery Engineering, University of Uyo, Etim Ituen, has advised the Federal Government to invest in oil palm plantation dedicated primarily for biofuel use.

Last week, residents from two Iban longhouses in Kanowit travelled to Kuching to present a signed petition to the Sarawak Forestry Department calling for an end to years of encroachment on their native lands at Bukit Spali in Sungai Ngemah.

Primary Industries Minister Teresa Kok today clarified that her earlier suggestion to cultivate bamboo was to counter the negative perception in the West towards Malaysia’s mass plantation of oil palms and its products.

Indonesia is going all out to strike trade pacts with about a dozen countries and blocs as the U.S.-China trade war hurts its shipments and threatens to worsen a current-account deficit.

Shea butter, mainly used in Africa as waterproofing wax, cooking oil, hairdressing, in candle-making, and as an ingredient in medicinal ointments, is derived from shea nuts, which Nigeria is known world-wide as its major producer.

Earlier last week, US President Donald Trump commented of positive results on a trade talk with China and proposed an extension of the tariff deadline while calling to meet Chinese President Xi Jinping in late March. On Friday, Trump changed his mind and asked China to remove the agricultural tariffs immediately as an exchange for the extension on the deadline for the trade talk. There are still no news on the extension of the deadline.

Today, in the world market, a litre of palm oil is more expensive than a litre of crude oil. Malaysia, which sourced her palm fruits from Nigeria in the early 1960s, has reversed her economy from crude oil dependency to palm oil dependency while Nigeria is still rooted on the same spot.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday March 1.

PUTRAJAYA: Malaysia plans to halt all expansion of oil palm plantations this year as it seeks to dispel the oil’s reputation of being linked to deforestation.

KUALA LUMPUR: Malaysian palm oil futures recorded a fifth straight day of losses on Thursday, hitting their lowest in two months, as exports weakened and inventories remained high.

KUALA LUMPUR: Norway's $1 trillion sovereign wealth fund, the world's largest, has pulled out of more than 33 palm oil companies over deforestation risks during the last seven years, a green group said on Thursday.