News
Palm Oil Reserves in M’sia Drop on Falling Output
KUALA LUMPUR: Palm oil stockpiles in Malaysia, the world’s second-largest producer, contracted for a second month in February as production declined more than expected to a two-year low, according to official data. Inventories shrank 5.2% to 2.44 million tonnes, the Malaysian Palm Oil Board sa...
CPO Futures Rise on Positive Report
KUALA LUMPUR: Crude palm oil (CPO) futures contracts on the Bursa Malaysia Derivatives closed mostly higher yesterday on positive report by the Malaysian Palm Oil Board that CPO stocks fell 5.23 per cent to 2.44 million tonnes in February, dealers said. March 2013 rose RM25 to RM2,440 a tonne, ...
Market Access Poser for Palm Oil, New Move by Major Consumers to Completely Avoid Using Palm Oil
THE market access for palm oil has become a growing debate of late, especially since global palm oil inventories from major producers are bursting at the seams. In the European Union (EU), there is a new move initiated by major consumer goods and retailer groups to completely avoid using palm oil on...
Palm Oil Hits Two-week High on Rise in Exports
Palm oil climbed to the highest level in almost two weeks after data that showed shipments climbed this month from Malaysia, the world’s second-largest supplier, and production plunged to a two-year low in February. Palm oil for May delivery gained as much as 0.8 per cent to RM2,467 a metric tonne o...
Palm Oil Ends Little Changed as Output Decline Counters Exports
Palm oil ended little changed as a bigger-than-expected drop in output in Malaysia last month countered a decline in exports from the second-largest supplier. The contract for May delivery ended at 2,450 ringgit ($787) a metric ton from 2,448 ringgit yesterday on the Malaysia Derivati...
Local Oil Palm Smallholders To Benefit From RSPO’s Smallholders Support Fund
KUALA LUMPUR, March 11 (Bernama) — Malaysian oil palm smallholders stand to benefit from the recently introduced Roundtable on Sustainable Palm Oil’s (RSPO) Smallholders Support Fund (RSSF) as a funding support for the industry. The RSSF is introduced to acknowledge the imperative and do...
