News
Sime Darby Taking Stake in US Industrial Biotech Verdezyne
KUALA LUMPUR: Sime Darby Bhd is taking a stake in US-based industrial biotechnology company, Verdezyne Inc. to pursue strategic growth areas for its plantation business. The conglomerate said on Monday a new unit, Sime Darby Renewables under its plantations unit, would spearhead ...
Palm Oil Biodiesel Programme to Cover All of Malaysia by July
Green fuel: Pahang Mentri Besar Datuk Seri Adnan Yaakob taking a closer look at palm biodiesel during an event on March 18 to promote biodiesel usage in the eastern region of the peninsula. Malaysia¿s B5 biodiesel programme is a blend of 5% palm oil or palm methyl ester (PME) and diesel. – Ber...
Labour Crunch Hurts Malaysian Palm Oil Growers as Indonesians Stay Home
KUALA LUMPUR, April 28 (Reuters) – A slump in the number of Indonesian workers applying for jobs in Malaysia’s palm oil sector is worsening a labour crunch that industry players say is taking a heavy toll on the export earnings of the world’s second-largest grower of the edible oil...
CPO Futures Closed Unchanged
KUALA LUMPUR: Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed unchanged yesterday. A dealer said the commodity’s prices swung between negative and positive territory amid sluggish export pace evident from Intertek Testing Services and Societe Generale de Surveillance...
Sarawak Oil Palm Planters Back MSPO
KUCHING: Oil palm planters in Sarawak have pledged full support for the soon-to-be-launched Malaysian Sustainable Palm Oil (MSPO) certification that reiterates the country’s commitment to people, planet and profits in oil palm development. The MSPO is said to be a reflection of a unified code of law...
Palm Futures Slips on Profit-taking
KUALA LUMPUR: Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower yesterday on profit-taking activities triggered by the decline on the Chicago Board of Trade. “However, the ringgit’s fall against the US dollar and expectation of an increase in demand in comi...
