Berita Arkib

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.

China has agreed to take palm oil worth nearly $150 million from Malaysia in a barter deal, media said on Saturday, citing a Malaysian minister.

An additional one billion yuan (RM611mil) worth of palm oil, approximately 200,000 tonnes, will be exported to China in a barter trade, she said.

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to see quiet trading next week with the price hovers between RM1,900 and RM2,000 per tonne.

Malaysian palm oil futures fell 1% on Thursday, snapping a three-session rally on profit taking and slowing gains in other related edible oils.

Malaysia is calling on the European Union (EU) to redefine oil palm cultivation activities in the country which have been classified as high-risk, while aiming to further negotiate on the bloc’s directive to restrict the usage of biofuels.

Palm oil may rise to RM2,148 per tonne, driven by a wave C.

FGV Holdings Bhd could return to profitability this year if exports improve and crude palm oil (CPO) prices climb to favourable levels — ending the company’s five quarters of successive losses.