NEWS FEED
  • 16 November, 2018
    Malaysian palm oil price struggles near 3-year low as stockpiles swell
    MUMBAI: Malaysian palm oil futures on Thursday struggled to recover from a more than three-year low hit in the previous session, as rising inventories in the world's second-biggest producer weighed on the market and physical demand showed no signs of improvement despite a hefty price correction.
  • 16 November, 2018
    Sabah all out to get smallholders MSPO certified
    KOTA KINABALU (Nov 15): The Sabah Government will go all out to assist the Federal government in getting oil palm smallholders achieve the Malaysian Sustainable Palm Oil (MSPO) certification, says Deputy Chief Minister Datuk Seri Wilfred Madius Tangau.
  • 16 November, 2018
    India's palm oil imports from Malaysia, Indonesia drop on weak rupee
    MUMBAI: India's 2018/2019 palm oil imports dropped 6.4 percent from a year ago to 8.7 million tonnes as rupee depreciation and a credit crunch dented refiners' ability to buy overseas, a leading trade body said on Thursday.
  • 16 November, 2018
    RSPO members agree on new palm oil standard
    KOTA KINABALU: The 16th Annual Roundtable Conference on Sustainable Palm Oil has closed its curtains yesterday with over 850 representatives from the global palm oil industry agreeing to a newly ratified and adopted certification standard.
  • 16 November, 2018
    Oreo cookie maker targeted by Greenpeace to save orangutans
    KUALA LUMPUR (Nov 15): The maker of Oreo cookies has become the latest target by Greenpeace in its campaign to stop the destruction of rainforests for palm oil.
  • 14 November, 2018
    Worries persist over high CPO inventory in Malaysia
    Analysts continue to worry over high palm oil inventory which continued to swell by eight per cent month-on-month to 2.72 million tonnes in October. The higher inventory is mainly caused by higher production — up by six per cent m-o-m to 1.96 million tonnes — and lower exports which has gone down by three per cent m-o-m to 1.57 million tonnes. An analyst at Affin Hwang Investment Bank Bhd (AffinHwang Capital) said the rise in October’s CPO production was the highest monthly CPO production over the past 12 months as production improved in Peninsular Malaysia and Sabah, rising by 5.7 per cent and 15.1 per cent m-o-m respectively to 1.01 million metric tonnes and 0.5 million metric tonnes
  • 13 November, 2018
    Ringgit hit by palm oil slump
    Palm oil futures are sliding to a three-year low, adding to the pain for the ringgit that's been suffering since the government revealed a wider fiscal deficit. Palm oil is being hit by concerns demand isn't expanding fast enough to absorb mounting stockpiles in the world’s two biggest growers.
  • 13 November, 2018
    Malaysia's Nov 1-10 palm oil exports rise 4.5pct - ITS
    Exports of Malaysian palm oil products for Nov 1-10 rose 4.5% to 310,592 tonnes, from 297,265 tonnes shipped during Oct 1 - 10, cargo surveyor Intertek Testing Services said on Saturday.
  • 13 November, 2018
    CPO prices drop further
    As crude palm oil (CPO) prices continue to slide, pressured by rising stockpiles and production as well as slowing exports, analysts warn that plantation players will be hit going into the fourth quarter. The CPO price for November’s delivery has fallen RM15 to RM1,865 per tonne and the benchmark futures contract closed down RM6 at RM2,034 per tonne yesterday – its lowest since September 2015.
  • 12 November, 2018
    Malaysia's October palm oil inventory up 7.63pct on month at 2.72m tonnes
    The Malaysian Palm Oil Board (MPOB) said today that the nation's total palm oil stock increased 7.63% to 2.72 million tonnes in October 2018, from 2.53 million tonnes in the preceding month, as crude palm oil (CPO) production rose.