” to inspire the sustainability of oil palm and other plantation crops for long term profitability and growth “

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Current News

 

RSS Around the Web

  • Planters surprised by govt decision to freeze oil palm acreage expansion
    LOCAL planters have been taken by surprise by the Government’s latest decision to stop increasing the planted area for oil palm. This move certainly bodes well for Western NGOs, green activists and several European nations, which have been launching campaigns against palm oil in recent years to discredit the crop on concerns associated with deforestation, the loss of biodiversity and the destruction […]
  • Plantation and services to be hit by minimum wage hike
    PETALING JAYA: The plantation and services sectors are expected to be most affected by the increase in minimum wage while the impact on other industries will be “manageable”, said analysts. Maybank Investment Bank Research said while the higher minimum wage would raise the costs of doing business, the impact should be manageable, although relatively higher […]
  • Hotspots and open burning bring back haze
    KUCHING: The haze has returned to parts of Sarawak due to the rising number of hotspots in Kalimantan and open burning in the state. State Natural Resources and Environment Board (NREB) controller Peter Sawal said 121 hotspots were detected across the border on Tuesday, more than double the day before. Seven hotspots were also detected – […]
  • 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, […]
  • Ghana could join Malaysia, Indonesia to counter negative perceptions of palm oil industry, says Shamsul
    PUTRAJAYA: Ghana could be the next country to join Malaysia and Indonesia to counter negative perceptions of the palm oil industry. Deputy Primary Industries Minister Shamsul Iskandar Mohd Akin said Ghana had shown interest in cooperating in the fight against the European Union’s (EU) anti-palm oil campaign. “We have discussed with Ghana on the need […]
  • Plantation players ask govt to allocate funds for biodiesel subsidies
    PUTRAJAYA: The latest addition to the plantation industry players’ Budget 2019 wish list is for the government to allocate funds for palm oil-based biodiesel subsidies. Other “regular” proposals for the upcoming budget include the imposition of higher import duties on other vegetable oils, higher capital allowance for mechanisation in the oil palm estates, biogas, automation […]
  • CPO Production for July 2018
    Based on reports by members, CPO production for the month of July 2018 is estimated at 1.44 million tonnes, about 8% higher than a month ago. Production in Peninsular Malaysia is estimated to be almost 10% higher while output in East Malaysia registered an increase of slightly more than 5%. Pen Malaysia           +9.7% […]

 

RSS Palm Oil News

  • Malaysian palm oil price falls to 2-month low on inventories outlook September 20, 2018
    Malaysian palm oil futures hit their lowest in nearly two months on Wednesday, tracking declines in related edible oils and as traders expect higher stockpiles in producer nations. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange was down 1.8 percent at 2,158 ringgit ($520.83) a tonne at the close […]
  • Malaysian palm oil price slides over 2pct on expectations of rising output September 19, 2018
    Malaysian palm oil futures fell more than 2 percent on Tuesday evening to a one-month low on expectations of rising production. Futures were also under pressure due to the Chinese-U.S. trade dispute and weakness in related edible oils, traders said. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange was […]
  • Malaysia, Indonesia urged to work together to enhance palm oil usage September 19, 2018
    Malaysia and Indonesia should work together to enhance the usage of palm oil in the global market and tackle the misunderstanding surrounding the commodity, particularly in Europe and the United States, Oil World Executive Director Thomas Mielke said. He said the world’s top two palm oil producers should disseminate the real fact that palm oil […]
  • Malaysian palm oil/Vegoils: Market factors to watch Tuesday Sept 18 September 18, 2018
    Malaysian palm oil futures fell to a two week low on Friday over concerns of rising stocks, a stronger ringgit MYR= and weaker related edible oils. U.S. corn futures fell about 1 percent on Monday, with nearby months hitting contract lows as the harvest of a bumper crop picked up speed in the Midwest and […]
  • Malaysian palm oil price snaps losing streak on technical correction September 14, 2018
    Malaysian palm oil futures edged higher on Thursday evening to snap four sessions of declines on a technical correction and support from a strong demand outlook. The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was 0.3 percent higher at 2,243 ringgit ($541.40) a tonne at the close of trade, […]