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  • Malaysian palm oil price rises to 6-month high on industry outlook

    Malaysian palm oil price rises to 6-month high on industry outlook

    KUALA LUMPUR: Malaysian palm oil futures gained for a third straight session to hit their highest in more than six months on Wednesday, as trading breached a psychological barrier and market was upbeat about the industry outlook.

    The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange shot up 1.56 percent to 2,873 ringgit ($685.68).

    Trading …

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  • French hostility to palm oil trade hurting bilateral relations: MPOB

    French hostility to palm oil trade hurting bilateral relations: MPOB

    KUALA LUMPUR: France’s current adversarial position on the palm oil trade is hurting relations with Malaysia, Malaysian Palm Oil Board chairman Datuk Seri Ahmad Hamzah said today.

    “French attacks on (the palm oil industry) are uncalled for and misguided. France should be cherishing 60 years of diplomatic relations with Malaysia,” he said.

    Ahmad was responding to France Environment Minister Nicolas …

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  • Global palm oil output likely to rise by 6 million tonnes

    Global palm oil output likely to rise by 6 million tonnes

    KUALA LUMPUR: Global palm oil output is expected to increase by six million tonnes in 2017 as oil palm trees were recovering from the adverse effects of the El Nino, says a leading industry analyst Thomas Mielke.

    He said the current good weather, particularly in Malaysia and Indonesia, the world’s top two producers was also aiding output.

    In 2016, palm …

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  • Let’s light up palm oil history

    Let’s light up palm oil history

    The industry’s centenary this year is a learning opportunity not to be wasted

    THE Malaysian palm oil industry turns 100 this year. Pinpointing the start of an industry this old is often tricky, but in this case, the birth is widely recognised as the first time that oil palm was planted commercially in this country.

    That was in 1917. The …

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  • Cabinet agrees to postpone levy payment on foreign workers to 2018

    Cabinet agrees to postpone levy payment on foreign workers to 2018

    PUTRAJAYA, Jan 11 — The Cabinet has agreed to postpone to next year, the implementation of levy payment on foreign workers by employers, which will be enforced under the Employer Mandatory Commitment (EMC).

    Transport Minister Datuk Seri Liow Tiong Lai said the Cabinet today, had also agreed to look into a proper ecosystem, aimed at providing convenience to industries in …

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  • Nutella maker defends palm oil

    Nutella maker defends palm oil

    Ferrero runs TV commercial to allay fear over cancer risk

    ALBA: The US$44bil palm oil industry, under pressure in Europe after authorities listed the edible oil as a cancer risk, has found a vocal ally in the food sector: the maker of Nutella.

    Italian confectionery firm Ferrero has taken a public stand in defence of an ingredient that some other …

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  • Oil palm planters to benefit from strong dollar, limited supply

    Oil palm planters to benefit from strong dollar, limited supply

    KUALA LUMPUR: OIL palm planters can look forward to encouraging palm oil pricing on the back of a strong US dollar and limited supply of the oil as palm trees are still recovering from the El Nino weather phenomenon. In the past two years, oil palm trees have been bearing less fruit. This year, palm oil production in Indonesia and …

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RSS Palm Oil News

  • Palm oil hits one-week low on technical drop, demand slowdown September 20, 2017
    Malaysian palm oil futures fell to their lowest in a week on Tuesday evening, a fourth straight session of falls, due to a technical correction and traders' expectations that export demand will cool towards the end of the month. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange fell 1.4% […]
  • Malaysian palm oil price hits one-week low on technical drop September 20, 2017
    Malaysian palm oil futures fell to their lowest in a week on Tuesday evening, a fourth straight session of falls, due to a technical correction and traders' expectations that export demand will cool towards the end of the month. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange fell 1.4 […]
  • Palm hits 1-wk low but seen supported on stronger export outlook September 20, 2017
    Malaysian palm oil futures hit a one-week low on Tuesday and were headed for a fourth straight session of fall, but traders said strong export outlook is expected to support the market. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange was down 0.2% at 2,799 ringgit (US$668.02) a tonne […]
  • Malaysian palm oil price has biggest fall in a month as rival oils weaken September 19, 2017
    KUALA LUMPUR: Malaysian palm oil futures had their sharpest daily fall in a month late on Monday, marking their third straight session of losses, tracking weakness in related edible oils and as a stronger ringgit weighed on the market.
  • Russia cut palm oil imports again September 19, 2017
    Palm oil purchases by Russia totaled 42.5 KMT in July 2017, down almost 24% from the previous month (55.8 KMT) and down 37% from July 2016 (67.4 KMT). This trend has been persisting for a fourth month in a row, reports UkrAgroConsult.

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