News
Hypocritical to disallow palm oil for sustainable aviation fuel
LETTERS: The Centre for Research, Value Innovation and Entrepreneurship (Cervie) recently hosted a talk by Airbus Malaysia, which touched on challenges and opportunities in global business, as the industry must come to grips with the world demand for sustainability. The talk discussed how the a...
CPO prices to be supported at current levels in near term, say analysts
ANALYSTS are expecting crude palm oil (CPO) prices, which have risen in recent weeks, to hover at its current level in the near term amid seasonality factors, competitive pricing compared with the soybean oil market, decent export performance, ongoing geopolitical tensions and waiver of Indonesia’s ...
CPO futures likely to trade on a slightly upward bias next week
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade on a slightly upward bias next week given the recent weakness in prices which may prompt bargain-buying activities, said palm oil trader David Ng. He said Malaysian palm oil export data (Novemb...
Lower CPO prices likely to affect sector results
PETALING JAYA: Beseiged by the lower crude palm oil (CPO) prices, most planters will likely register weaker performances for both quarter-to-quarter (q-o-q) and year-on-year (y-o-y) in their upcoming results to be announced, from next week. According to Hong Leong Investment Bank (HLIB) Research, mo...
MPOC urges EU to recognise Malaysian Sustainable Palm Oil standards
KUALA LUMPUR (Nov 16): The Malaysian Palm Oil Council (MPOC) has welcome the European Union’s (EU) Deforestation Regulation, aimed at stemming the importation of commodities including beef, cocoa, palm oil and soy into the EU market which may cause deforestation in producer countries. The EU has pub...
VEGOILS-Palm oil extends losses on slowing Chinese consumption
SINGAPORE, Nov 9 (Reuters) – Malaysian palm oil futures lost ground on Wednesday, with restrictions related to the COVID-19 pandemic reducing demand in China, one of the world’s top importers of the tropical product. The benchmark palm oil contract on the Bursa Malaysia Derivatives Excha...
