News
Palm Oil Standard Tested for Usage by end-2014
The Malaysian Sustainable Palm Oil (MSPO) standard is being tested by the industry before its implementation by the end of this year, said Malaysian Palm Oil Council (MPOC) chief executive officer Tan Sri Dr Yusof Basiron. “The pilot trial is ongoing,” he told The Edge Financial Daily at the Interna...
CPO Futures Prices End Higher
KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed higher yesterday on the back of strong performance of the soyabean oil market. “However, sluggish performance in exports for the month of August raised concerns over higher inventory which weighed on CPO prices,” ...
Malaysian Palm Oil : Sustainable production for global food and industry
As Malaysia continues to gain prominence on the world economic stage, the country is increasingly confident about palm oil’s place in its economy. Its Economic Transformation Program (ETP) expects the sector to generate about $54 billion in revenue by the year 2020. Today, this Southeast Asian...
Palm Oil Seen Rebounding by Sime Darby’s Dass as Demand Recovers
Palm oil will rebound from a five-year low as demand improves and record supplies of soybeans, which can be crushed to make an alternative, are absorbed, said Sime Darby Bhd. (SIME), the biggest listed producer by market value. “Prices should bounce back by October, November,” Franki Anthony Da...
Colours of distinction: When oil palm is right for picking
Pinpointing the gene that accords bright shades to oil palm fruits as they ripen promises higher yields. THE TERM “Don’t judge a book by its cover” will not apply to the case of the VIR gene breakthrough. That’s because this VIR (or VIRESCENS) gene determines the outer skin colour of the oil palm fr...
Supply Glut Hurting Palm Oil Prices
Prices of crude palm oil futures have crashed to five-year lows on concerns of a global edible oil supply glut and growing fears that Chinese buyers could default on purchases if the steep falls persist. Prices broke the psychological RM2,000 ($800) mark in April and are now at around RM1,976 per to...
