NEWS FEED
  • 21 April, 2017
    Malaysia remains China’s valuable trading partner, says Wee
    Malaysia remains China’s valuable trading partner despite the recent clampdown on capital outflow by Beijing, said Minister in the Prime Minister’s Department Datuk Seri Dr Wee Ka Siong. He added that Chinese investments in the country, besides property, also included manufacturing which has created many employment opportunities for locals.
  • 21 April, 2017
    EU lawmakers single out palm oil, again
    WITH images of rainforests burned to clear the way for plantations and orang-utans miserably displaced from their lush green homes, oil palm plantations have become an emotional flashpoint in the struggle between development and sustainability. But a struggle is also taking place far from the jungles of Borneo. Palm oil’s second largest export market, the European Union, last week passed a non-binding resolution in Parliament seeking to impose tighter restrictions on the import of the oil. If the European Commission acts on the resolution, it could compel the 28-nation union to phase out any palm oil that fails to comply with a single certification scheme — one that the EU has yet to define.
  • 21 April, 2017
    Malaysian palm oil price rises after six sessions of losses
    KUALA LUMPUR: Malaysian palm oil futures recorded their biggest daily gain in two weeks on Thursday, ending six sessions of losses as they tracked strength in soyoil and were helped by a technical correction.
  • 21 April, 2017
    Malaysian palm oil/Vegoils: Market factors to watch Friday April 21
    KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday April 21.
  • 21 April, 2017
    FGV to market seeds in Indonesia, Philippines
    PETALING JAYA: Felda Global Ventures Holdings Bhd (FGV) has appointed exclusive agents to market its oil palm seeds in Indonesia and the Phillipines.
  • 20 April, 2017
    Make water everyone’s business
    DROUGHTS in Malaysia have become more common nowadays. Experts recently warned of another El Nino towards the end of 2017. Water shortage will again rear its ugly head. The 1998 water crisis serves as a grim reminder of the chaos created. Domestic water supplies were seriously interrupted. Rationing was unavoidable. Many industries suffered considerable losses. Droughts had also disrupted irrigation. Crop failures caused hardships to many farming families. Palm oil production will again suffer during times of water deficiencies.
  • 20 April, 2017
    Malaysian palm oil/Vegoils: Market factors to watch Thursday April 20
    KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday April 20.
  • 20 April, 2017
    Malaysian palm oil price hits 8-month low as rival oils weaken
    KUALA LUMPUR: Malaysian palm oil futures hit an 8-month low on Wednesday, in a sixth consecutive session of declines, tracking weaker related edible oils and on expectations of rising production and weaker exports, traders said.
  • 20 April, 2017
    Review palm oil strategy
    On April 4 this year, the European Parliament passed by an overwhelming margin – 640 votes for, 18 votes against with 28 abstentions – a non-binding resolution calling for the establishment of a single Certified Sustainable Palm Oil (CSPO) scheme to ensure only oil from palms grown in an environmentally sustainable manner will be allowed entry into the European Union (EU) after 2020.
  • 19 April, 2017
    Crude palm oil price falls deeper into bear market
    Crude palm oil (CPO) prices on Bursa Derivatives, the global benchmark, descend deeper into a bear market over worries about global oversupply of edible oils. The most active CPO futures contract fell RM3 to RM2,495 a tonne on Tuesday -- its lowest level since August last year. The contract had fallen 21.6% from its recent high of RM3,185 a tonne on Dec 15. But weaker CPO prices have not sapped investors appetite for plantation stocks. Shares in major producers IOI Corp Bhd, Kuala Lumpur Kepong Bhd and Felda Global Ventures Holdings Bhd were up at midday, while smaller IJM Plantation Bhd slipped.