News
CPO Futures to Rise on Bullish Outlook
Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to be higher next week given the current bullish oulook for the commodity, dealers said. They said market sentiment would also be supported by higher demand, stronger ringgit and encouraging export data expected to be released b...
Soyoil Subsidies Create Artificial Price, says MPOC
KUALA LUMPUR, March 13 (Bernama) — Soyoil is sold at a premium to palm oil owing to market-distorting agricultural subsidies given to US and European farmers by their governments, according to the Malaysian Palm Oil Council (MPOC). It is not due to any inability of the Malaysian commodity to c...
MPOC CEO Answers 10 Questions from The Star Readers
What does the Malaysian Palm Oil Council (MPOC) do? – PG Sheng, Batu Pahat MPOCwas formed in 1990 to carry out market development and promotional activities for Malaysian palm oil globally. We have nine regional offices abroad – in Shanghai, Mumbai, Lahore, Dhaka, Istanbul, Cairo, Brussels, Durban a...
Indonesian to Invest RM100 Million in 2 Plants in Malaysia
INDONESIAN entrepreneur and scientist Satya Darshan plans to invest some RM100 million to set up two manufacturing plants in Malaysia to produce palm kernel oil-based therapeutics and medicated products as well as biofuels from palm oil and palm kernel oil. Satya, chief executive officer of Onasen S...
Palm Oil Potentially Strong to Emerge as Major Biofuel If Crude Prices Surges
KUALA LUMPUR, March 11 (Bernama) — Crude palm oil, along with other edible vegetable oils, has a strong potential to emerge as a major biofuel if petroleum prices increase exhorbitantly, Chief Executive of the Malaysian Palm Oil Council (MPOC) Tan Sri Datuk Dr Yusof Basiron said on Thursday. H...
CPO Prices May Breach RM3,000 in 2nd Half
KUALA LUMPUR, March 11 (Bernama) — Crude palm oil (CPO) price will likely breach the RM3,000 per tonne level towards the second half of this year due to production shortfalls, says chief executive officer of Malaysian Palm Oil Council (MPOC) Tan Sri Dr Yusof Basiron. For the whole year, the pr...
