News
German ban on palm oil based on false information
KUALA LUMPUR (Oct 5): Germany’s palm oil ban is based on false information and it signalled a wilful blindness to environmental facts, Palm Oil Monitor said in a post on its website. Recently, the country’s Environment, Nature Conservation and Nuclear Safety Minister Svenja Schulze announced that Ge...
Malaysia CPO futures hit RM5,000 a tonne for the first time
KUALA LUMPUR: Bursa Malaysia crude palm oil (CPO) futures price rose to RM5,000 a tonne for the first time on Tuesday after the commodity traded up as much as RM162 before paring gains at the bourse’s afternoon break. As at Tuesday’s close, CPO for October 2021 settled at RM4,975 a ...
China’s demand for Malaysian palm oil products set to rise
CHINA’S rapid development and changes in consumer behaviour will create more demand for Malaysian palm oil products in years to come. Perfect Hexagon Ltd executive VP in sales and operations Thian Soon Onn said about 70% of palm oil is consumed in the food sectors. “Palm oil products have good share...
MPOB, MPOC call for more allocations for palm oil industry
KUALA LUMPUR (Oct 5): There should be more allocations for the palm oil industry to further ramp up research and development (R&D) for the commodity and for the production of more downstream products, said the Malaysian Palm Oil Council (MPOC). The organisation’s science, environment a...
Malaysia Sept palm oil stocks seen easing on exports surge
KUALA LUMPUR (Oct 4): Malaysia’s palm oil inventories at the end of September are expected to ease slightly from a 14-month peak hit in August, as skyrocketing exports offset an uptick in production. The palm oil stockpile at the world second largest producer likely fell 0.36% to 1.87 million ...
Minister: East Malaysian palm oil companies should use Fepo in risk management to remain competitive
KUALA LUMPUR, Oct 4 — The government has urged East Malaysian palm oil companies to consider implementing the East Malaysia Crude Palm Oil Futures Contract (Fepo) in their risk management strategy to remain globally competitive. Minister of Plantation Industries and Commodities Datuk Zuraida Kamarud...
