News
Malaysia to Launch Green Palm Oil Brand in 2015 After a Year’s Delay
KUALA LUMPUR, Nov 1 (Reuters) – Malaysia will launch its own “green” certification scheme for palm oil firms in 2015, a senior government official said on Saturday, signalling the brand would start a year later than planned. International green standards are currently set by the Ro...
Palm futures up on positive sentiment boost
KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed higher yesterday, tracking gains on the soyaoil market and the positive sentiment from the palm oil conference held here on Wednesday. Industry expert Thomas Mielke said the demand for palm oil was rising from cou...
Indonesian Palm Oil Reserves Shrinking Most in 19 Months
Palm oil stockpiles in Indonesia probably slumped last month by the most since February 2013 as a dry spell reduced output in the world’s largest supplier. Inventories dropped 12 per cent from August to 2.2 million metric tonnes, according to the median of six estimates from planters, traders, analy...
Malaysian Palm Oil Ticks Up on Lower Output, Firm Soybeans
* Expectation of lower output underpins palm oil futures * Higher soybean, crude oil prices aid sentiment (Updates prices) By Naveen Thukral SINGAPORE, Oct 21 (Reuters) – Malaysian palm oil futures closed higher on Tuesday, recouping some of last session’s losses with expectations of low...
Lack of Buying Support
KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives ended lower yesterday on lack of buying support for the commodity, a dealer said. The dealer said the decline was also influenced by prospects of bigger supplies of soyabean oil which suppressed the palm oil market. Nove...
Yusof Basiron: “Our farmers hope to get full market access in the EU countries”
In an interview to New Europe Dr. Yusof Basiron, Chief Executive Officer of the Malaysian Palm Oil Council reacts to the negative labelling of palm oil in the EU and explaines what its production realy means for the Malaysian economy. Palm Oil seams to be a new product in the eyes of the European co...
