News
Palm Oil Drops as Prices at 18-Month High Seen Cutting Demand
Palm oil declined the most in more than a week on concern that the highest price in almost 18 months may weaken demand for the tropical oil used in everything from food to fuel. The contract for May delivery retreated as much as 1.1 percent to 2,870 ringgit ($876) a metric ton on Bursa Malaysia...
Palm Oil Climbs
KUALA LUMPUR: Malaysian palm oil futures rose to their highest level since mid-September 2012 on Monday after an industry report showed that stocks in the world’s No 2 producer fell to an eight-month low as dry weather hindered output. Industry regulator the Malaysian Palm Oil Board on Monday ...
Palm Oil Climbs to 18-month High
Palm oil advanced to the highest level in almost 18 months after production in Malaysia dropped to the lowest since April 2012, depleting stockpiles in the world’s second biggest supplier to an eight-month low. The contract for May delivery gained 0.7 per cent to RM2,905 (US$885) a metric tonne on B...
Standard for Sustainability
Green standard: Children playing with fresh fruit bunches at an oil palm plantation in Sarawak. The MSPO can issue sustainable palm oil certification to local growers. MALAYSIA is expected to launch its national sustainable palm oil certification standard next month. The long awaited Malaysian Susta...
Sarawak Plans to Sell CPO in Middle East
Masing: ‘We must look for new markets. Our main buyers now are China,India, Pakistan and Bangladesh.’ KUCHING: Sarawak has identified the Middle East as the potential new market for its palm oil products. State Land Development Minister Tan Sri Dr James Masing said the ministry...
Wilmar Assures Sarawak it Will Continue to Buy Crude Palm Oil
A palm oil mill in Kuching. Some 19,000 smallholders in Sarawak depend on oil palm cultivation for a living. KUCHING: A senior state minister from Sarawak disclosed that Wilmar International Ltd, which kicked up a storm three weeks ago with its new outsourcing policy, has given the assurance th...
