News
Norwegian Govt Pension Fund Global Divests out of 23 Palm Oil Firms
KUALA LUMPUR: The Norwegian Government Pension Fund Global (GPFG) disposed of its stakes in 23 Asian palm oil companies in 2012, including Kuala Lumpur Kepong and Genting Plantations. The GPFG, which is the world’s largest sovereign wealth fund, was reportedly to have also dives...
Kudos to Malaysian Palm Oil Board for Job Well Done
ONCE upon a time in the 1980s, Malaysia was the world’s largest natural rubber producer. That honour now, however, belongs to Thailand and Indonesia. Malaysia, though, remains the world largest producer of rubber-based products such as rubber gloves and condoms. Ironically, when companies want...
Commodity Exports Expected To Hit RM131 Billion This Year, Says Dompok
KOTA KINABALU, March 9 (Bernama) — Total commodity exports from Malaysia is expected to reach RM131 billion this year compared with RM127.5 billion last year. Plantation Industries and Commodities Minister Tan Sri Bernard Dompok said the increase would come from higher demand from overseas and...
Weekly Crude Palm Oil Report March 10 2013
Crude palm oil futures (FCPO) on Bursa Malaysia Derivatives settled the week higher in anticipation of lower palm oil stocks in February. The benchmark FCPO May contract rose RM80 or 3.38 per cent to settle at RM2,448 per tonne on Friday from RM2,368 per tonne last Friday. The trading range for the...
CPO Futures Rise on Speculative Buying
KUALA LUMPUR: Crude palm oil futures contracts on the Bursa Malaysia Derivatives closed higher yesterday on speculative buying. The market saw mild trading volume following the low production season. March 2013 rose RM34 to RM2,420 a tonne, April 2013 added RM39 to RM2,430, May 2013 was RM36 hi...
Dunkin’ Donuts to Use Sustainable Palm Oil
ALBANY, N.Y. — Dunkin’ Donuts has agreed to source its palm oil from sustainable sources. New York state Comptroller Thomas DiNapoli says Dunkin’ Brands Group will set a target date in its next Corporate Social Responsibility report for sourcing 100 percent sustainable palm oil or for pu...
