News
B7 Biodiesel Mandate too Ambitious
KUALA LUMPUR: Malaysian Palm Oil Council chief executive officer Tan Sri Dr Yusof Basiron has described the government’s plan to implement the B7 biodiesel programme (a mix of 7% palm oil and 93% petroleum diesel) as too ambitious to carry out at the moment. “If prices of palm oil were c...
Dry Spell Could Boost Palm Oil RM3,000 or More per Tonne
KUALA LUMPUR: Consensus estimates for the crude palm oil (CPO) prices this year indicate that they could touch the RM3,000 per tonne level, if not higher, as industry thought leaders tracked effects of the dry spell and biodiesel demands. Godrej International Ltd director Dorab Mistry said weather h...
Palm Oil Near 17-month High
Palm oil traded near a 17-month high on speculation that dry weather in Southeast Asia may hurt production of the world’s most-used cooking oil. The contract for May delivery climbed as much as two per cent to RM2,858 (US$873) a metric tonne on the Bursa Malaysia Derivatives and ended the ...
The Oil Palm Industry Contributes the Least to Deforestation
KUALA LUMPUR (March 04): The oil palm industry contributes the least to deforestation, says the Malaysian Palm Oil Council (MPOC). Malaysian Palm Oil Council(MPOC) Chief Executive Officer, Tan Sri Yusof Basiron said, as the industry progressed, the question of sustainability was receiving enormous a...
Current Dry Spell to Push Prices of CPO Up
KUALA LUMPUR: The current drought that is affecting production at key palm oil plantation areas and falling inventory will continue to support rising crude palm oil (CPO) prices, according to experts. The benchmark CPO futures contract on Bursa Derivatives had risen 5.3% this year at yesterday’s clo...
