News
2021 may be more volatile year for palm oil industry, says Sime Darby Oils MD
KUALA LUMPUR (March 23): This year could be even an even more volatile one for the palm oil industry, according to Sime Darby Oils managing director (MD) Mohd Haris Mohd Arshad. “These high prices may be sustained, but we can’t overlook that it remains volatile and that palm continues to face many c...
India to import 8.6 million tonnes of palm oil from November 2020 to October 2021, says IVPA president
KUALA LUMPUR (March 22): India has been forecast to import 8.63 million tonnes of palm oil from November 2020 to October 2021 Oil Year (Oil Year 20/21), from the 7.7 million tonnes recorded in the previous oil year. During UOB Kay Hian’s India Palm Oil Market 2021 outlook, president of the Ind...
Palm oil small caps reigning supreme
PETALING JAYA: Market sentiment seems to lean towards the larger, more established palm oil companies as being the greatest beneficiaries of the crude palm oil rally. But the phenomenon in the stock market is rather peculiar because their share prices begged to differ. In fact, the small cap palm oi...
Govt committed to legal action against EU over palm oil, says Plantation Industries minister
KUALA LUMPUR, March 19 — The government is committed to its legal action against the European Union (EU) over the EU’s anti-palm oil stance to protect the interests of the country’s palm oil industry, including the smallholders. Plantation Industries and Commodities Minister Datuk Mohd Khairuddin Am...
Minister confident that RM75bil palm oil export target in 2021 will be met
PETALING JAYA: With the additional funds allocated to the Plantation Industries and Commodities Ministry, its Minister Datuk Dr Mohd Khairuddin Aman Razali (pic) believes that this year’s palm oil export of RM75bil will be met. He said this is because the additional funds allowed the...
CPO price peaks into Malaysia’s palm oil industry history
THE price of crude palm oil (CPO) peaked at RM4,247.50 per tonne on Monday, an all-time high in the country’s palm oil industry history, compared to RM4,193 per tonne last Thursday, which was the highest in 13 years. Plantation Industries and Commodities Minister Datuk Dr Mohd Khairuddin Aman Razali...
