News
Palm Oil Set for Weekly Gain as Demand Rebound to Pare Reserves
Palm oil headed for the biggest weekly gain in more than a month on speculation that stockpiles in Malaysia, the world’s second-largest producer, may decline as demand rebounds. The contract for May delivery gained as much as 0.7 percent to 2,451 ringgit ($789) a metric ton on the Malaysia Deri...
Palm Oil Labelling Will Slash EU Consumption, Dutch Agency Warns
Malaysian government official said his country will draft a new labelling strategy to reassure consumers in the EU. AMSTERDAM: Palm oil consumption in Europe would be curbed when new rules start next year compelling food makers to label their products with the ingredient if used, the Dutch product b...
Palm Futures Mixed on Lukewarm Response
KUALA LUMPUR:LONDON: Crude palm oil (CPO) futures contracts on the Bursa Malaysia Derivatives closed mixed yesterday following lukewarm forecast by leading industry analyst, Dorab Mistry, on CPO prices this year. March 2013 rose RM1 to RM2,386 a tonne, April 2013 added RM4 to RM2,391, while Ma...
Record Palm Oil Stocks Take Centre Stage in Meeting
KUALA LUMPUR: Hot issues ranging from the record high palm oil stocks in the world’s top-two palm oil producing nations, Indonesia and Malaysia, to increasing global crude palm oil (CPO) production hogged the limelight at the two-day 24th Annual Palm and Lauric Oils Conference and Exhibition: P...
Push for Clean Energy
Towards a new era of US-Malaysia relations. AS US President Barack Obama settles in for a second term in office, it is clear that clean energy will be a top priority of his administration. In his inaugural address, Obama stressed the importance of utilising newer, cleaner fuel sources as a way ...
Prolonged Lahad Datu Crisis may Affect CPO Output
TERRORIST INTRUSION: However, minister says no refinery in Lahad Datu has been closed CRUDE palm oil (CPO) production and sales from Sabah, accounting for 30 per cent of Malaysia’s total output, may be affected if the security situation brought about by the terrorist intrusion in th...
