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Middle East conflict boosts demand for alternative fuels
CPO Futures Close Lower Amid Weaker Crude Oil, Soybean Oil Prices
Can palm biodiesel provide quick relief for Malaysia amid Iran war?
Malaysia plans phased expansion of biodiesel programme, minister says
Affin Maintains CPO Price Forecast At RM2,600
14/06/2017 (The Star) - Affin Hwang Capital Research has maintained its crude palm oil (CPO) average selling price (ASP) assumption of RM2,600 per tonne.
VEGOILS-Palm Hits 10-month Low on Stronger Ringgit, Rising Output
14/06/2017 (Reuters) - Malaysian palm oil futures hit a 10-month low in the second half of trade on Tuesday on the back of a stronger ringgit MYR= , while expectations of rising output and weaker export growth also weighed on the market.
Graft Scandal at Malaysia Palm Oil Giant Brings Risks for Najib
14/06/2017 (Bloomberg) - Prime Minister Najib Razak wrote a message on his website this month to the more than 100,000 ethnic Malay families working on government-sponsored farms: "As long as I am prime minister, your welfare is guaranteed."
Market to Remain Bullish
14/06/2017 (The Edge Markets MY) - The equity market continued to climb higher last week after a rebound two weeks ago. The FBM KLCI rose to its highest level in two years, following other equity markets that have climbed to recent and historical highs. A stronger ringgit and export data helped boost market sentiment. The FBM KLCI increased 0.7% in a week to 1,788.89 points last Friday and the index closed at 1,784.44 points yesterday.
May Palm Oil Inventory Dips as Exports Soar
14/06/2017 (The Edge Markets MY) - The stronger seasonal demand for the preparation of the Ramadan festival has pushed the country’s palm oil stockpile to 1.56 million tonnes — the lowest level for May in the past eight years.
Finally, real action from big banks on deforestation
Major banks are slowly but surely ruling out financing companies clearing forests for profit. Could this be the turning point in the fight to save Southeast Asia’s remaining forests, asks Mighty’s campaign director Deborah Lapidus.
Gov’t Set to Fight for Palm Oil Derivative Export at WTO
The Ministry of Commerce, through the Directorate General of Foreign Trade, is fighting against a decision made by World Trade Organization (WTO) Dispute Settlement Body (DSB) panel at a higher stage, the Appellate Body Forum, for certain fatty alcohols dispute from Indonesia in Geneva, Switzerland.
Oriental plans bigger capex
Oriental Holdings Bhd will spend RM157mil on its plantation business this year compared with RM139.9mil in 2016, covering the cost of new planting and the construction of an office, staff quarters and a palm oil mill.
Forest council to investigate Korean giant’s Indonesia palm oil operations
The Forest Stewardship Council (FSC), one of the world’s most influential sustainable forestry certification bodies, has announced that it will investigate the Indonesian oil palm operations of Korean agribusiness conglomerate Korindo in response to a formal complaint submitted by environmental group Mighty Earth.
