NEWS FEED
  • 21 August, 2018
    M’sia, China sign MoUs on biofuel, rubber research
    Malaysia and China have inked two memorandums of understanding (MoUs) on the use of palm-based biofuel collaborative research and development, as well as rubber research. Prime Minister Tun Dr Mahathir Mohamad, who is on his official visit to China, and Chinese Premier Li Keqiang witnessed the signing of the MoUs in Beijing. In a statement, the Primary Industries Ministry said the agreement on collaborative research and development on the use of palm-based biofuel would include technical research on the suitability and effect of palm biodiesel on vehicles, industry and the environment.
  • 21 August, 2018
    Palm charts third session of gains on stronger US soyoil
    Malaysian palm oil futures rose for a third straight session on Monday, touching a one-week high on support from U.S. soyoil although a stronger ringgit weighed on the market. The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was up 0.7% at 2,254 ringgit (US$549.09) a tonne at the close of trade. Earlier in the session, it rose to 2,260 ringgit, matching an intraday high hit on Aug 10.
  • 21 August, 2018
    Malaysia's Aug 1-20 palm oil exports fall 10.6 percent — AmSpec Agri
    Exports of Malaysian palm oil products for Aug 1-20 fell 10.6% to 609,098 tonnes, from 681,178 tonnes shipped during July 1-20, according to independent inspection company AmSpec Agri Malaysia on Monday.
  • 21 August, 2018
    Joint statement by governments of China and Malaysia on bilateral ties
    China and Malaysia are optimistic about the prospect of their bilateral relations. According to a joint statement between the two governments on Monday, both sides will adopt a strategic and long-term vision, and work for the sustained and steady development of their comprehensive strategic partnership.
  • 20 August, 2018
    PM to witness three MoU signings on palm oil and rubber in China
    Prime Minister Tun Dr Mahathir Mohamad is expected to witness the signings of three agreements on palm oil and rubber during his official visit to China from Aug 17 to 21. According to the Ministry of Primary Industries, a memorandum of understanding (MoU) will be signed between the Malaysian Palm Oil Board and Tsinghua University on the promotion of Malaysian biofuel in China. A second MoU will be formalised between the Malaysian Rubber Board and Hainan State Farms Investment Holdings Group Co. Ltd on rubberised bitumen road techology and rubber tapping automation and mechanisation.
  • 20 August, 2018
    Teresa Kok to promote palm oil, rubber and timber on China trade mission
    Primary Industries Minister Teresa Kok will be part of Prime Minister Tun Dr Mahathir Mohamad’s official delegation to China, to promote Malaysia’s palm oil, rubber and timber. In a statement Friday, the ministry said the Prime Minister will witness the signing of three Memoranda of Understanding (MoUs) on Aug 20, involving palm oil and rubber. On Aug 21-24, Kok will lead an economic, promotion and investment mission to Beijing and Guangzhou to promote Malaysia’s commodities, explore market and investment opportunities, industry collaborations between private sectors, as well as, address trade and investment issues.
  • 20 August, 2018
    Varsity students say ’yes’ to palm oil
    WITH the pool of talents the university has, a Universiti Tenaga Nasional (Uniten) undergraduate believes that the students can tap into their skills and knowledge to improve palm oil and its by-products. “We have a lot of engineering students here. I’m sure we can use our engineering skills to enhance the quality of palm oil or innovate new palm oil by-products,” said Bhoshaga Mitrran Ravi Chandran, who is studying civil engineering.
  • 17 August, 2018
    Sliding currencies trigger palm oil demand concerns
    Sliding emerging market currencies are ringing alarm bells among traders concerned that palm oil demand will weaken across the region from China to Iran, as reduced purchasing power cuts into imports into countries like Turkey and India. With a plunging Turkish lira dragging down peer currencies, traders say they already see Indian buyers bargaining with key suppliers in Malaysia, the world's no. 2 producer, for lower prices. Importers also forecast fewer shipments to China and the Middle East this year.
  • 17 August, 2018
    In defence of Palm Oil
    MALAYSIA is a country that is built for business and trade. We are relatively small geographically and in population terms, but we have a dynamic economy, a skilled and educated workforce, and we are situated at the crossroads of strategically important trading routes. It is therefore natural that Malaysia’s trade, as a percentage of GDP, is 133% – compared with a global average of just 56%. As Malaysia’s business leaders look around the world, it is clear that there is a lack of leadership in international trade. The United States, China and the European Union are locked in bitter bilateral and trilateral disputes over trade, and other countries risk being caught in their lines of fire.
  • 17 August, 2018
    Malaysian palm oil price lifted by Short covering,market still bearish
    Malaysian palm oil futures reversed early losses to end higher on Thursday due to short covering, though traders said market sentiment was still bearish on trade and currency concerns. The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was up 0.3 percent at 2,222 ringgit ($542) a tonne at the end of the trading day. Trading volumes totalled 45,547 lots of 25 tonnes. "We're seeing some short covering, though the market is still bearish on trade concerns," said a Kuala Lumpur-based trader, referring to the ongoing U.S.-China trade dispute, adding though that China seeking negotiations with the U.S. could ease jitters.