News
Malaysia’s palm oil yield to continue declining on labour shortage
THE labour shortage faced by Malaysian oil palm estates will lead to the national fresh fruit bunch (FFB) yield declining further this year, says the Malaysian Estate Owners’ Association (MEOA). Malaysia recorded an FFB yield of 16.73 tonnes of oil per hectare last year compared with 17.19 tonnes an...
Plantation shares fall despite CPO price hitting record high
KUALA LUMPUR (April 21): Shares of plantation companies fell today despite the price of crude palm oil (CPO) hitting a record high of RM4,399 per tonne. At market close, the Bursa Malaysia Plantation index was down 0.9% to 6,818.03 points. Kuala Lumpur Kepong Bhd fell 42 sen or 1.91% to close at RM2...
Palm oil: Khairuddin to meet Belgian ambassador in early May
BANGI (April 20): The Ministry of Plantation Industries and Commodities officials are expected to meet the Belgian Ambassador to Malaysia on commodity issues in early May. Minister Datuk Dr Mohd Khairuddin Aman Razali said the meeting is not necessarily confined to palm oil issues but could also be ...
Malaysia not affected by Belgium’s palm oil ban
KUALA PILAH (April 18): Malaysia is not affected by Belgium’s decision to ban the use of palm oil as a biofuel in the country starting next year, said Minister of Plantation Industries and Commodities (MPIC) Datuk Dr Mohd Khairuddin Aman Razali. He said this is because the country’s palm...
MPOB: Record-breaking CPO price due to high exports, low stocks
KUALA LUMPUR (April 12): Malaysia’s crude palm oil (CPO) price breached RM4,270 per tonne on April 9, surpassing the all-time previous peak of RM4,247 per tonne recorded on March 15, 2021, said the Malaysian Palm Oil Board. Director-general Dr Ahmad Parveez Ghulam Kadir said that among the factors c...
CPO futures to see volatile trading next week, eyes on MPOB data
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives may see volatile trading next week, ahead of the release of production, stocks and exports data. Singapore-based Palm Oil Analytics owner and co-founder Dr Sathia Varqa said markets will closely monitor the Malaysi...
