News
Palm Oil May Bounce Towards RM 2,199
PALM OIL MAY BOUNCE TOWARDS RM2,199 SINGAPORE (Oct 26): Palm oil may bounce towards a resistance at RM2,199 per tonne, as it has found a support at RM2,161. The support is provided by the 14.6% projection level of an upward wave C from the Sept 20 low of RM2,137. Even though this wave has completed,...
Teresa Kok to Najib: Stop Confusing People on Palm Oil Exports
TERESA KOK TO NAJIB: STOP CONFUSING PEOPLE ON PALM OIL EXPORTS PETALING JAYA: Teresa Kok (pic) has asked Datuk Seri Najib Tun Razak to “stop confusing people” on Malaysian palm oil exports following the 14th general election, saying that he should look at the bigger picture instead of nitpicking. Th...
Malaysian Palm Oil Price Edges Lower on Upbeat Oct Production Outlook
Malaysian Palm Oil Price Edges Lower on Upbeat Oct Production Outlook The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange was down 0.9 percent at 2,218 ringgit ($532.98) a tonne at the close. Earlier in the session, the contract climbed to 2,247 ringgit, i...
Malaysian Palm Producer FGV Appoints Chairman as Interim CEO
Malaysian Palm Producer FGV Appoints Chairman as Interim KUALA LUMPUR, Oct 24 (Reuters) – Malaysian palm oil producer FGV Holdings has appointed Chairman Wira Azhar Abdul Hamid as interim chief executive, it said in a bourse filing on Wednesday, as the company reshapes its management after hig...
SST 2.0 to have muted impact on plantations
Based on its preliminary findings, the proposed lists of goods exempted from sales tax include palm oil and related palm products, fertiliser, mechanical appliances (agricultural sprayers), agricultural machinery for soil preparation or cultivation, agricultural tractors, machinery, plant or laborat...
Environmentalist Porritt questions Iceland Food’s palm oil ban
ENVIRONMENTALIST PORRITT QUESTIONS ICELAND FOOD’S PALM OIL BAN KUALA LUMPUR (May 2): British environmentalist Sir Jonathon Porritt has questioned Iceland Food’s decision to ban the use of palm oil in the British food retailer’s own brands in a bid to help stop deforestation in Southeast Asia a...
