News
Right to Trade Palm Oil Products ‘Earned’
TRADE in palm oil products should not be victimised by legislation in the European Union (EU), and in Australia, arising from the Western anti-palm oil campaigns, said the Malaysian Palm Oil Council (MPOC) chief executive officer. Tan Sri Yusof Basiron said that such legislation would be seen as a t...
CPO Futures Rebound May Be Shortlived
OBSERVATIONS: China saved world commodity markets from tumbling to eight-month lows as per the Reuters Jeffries CRB Index. Palm oil was saved from falling to fresh three-month lows. But that bit of respite may not last. World commodity markets nowadays are more tied to the fate of the euro than to a...
EU MP’s Impressed with Palm Oil’s Contribution to Malaysia’s Wealth and Economic Growth
KUALA LUMPUR, May 30 (Bernama) — European Union (EU) Members of Parliament (MPs) are impressed with the palm oil industry’s contribution towards creating wealth and economic growth for Malaysia. Danish MP Dan Jorgensen, who is Vice-Chairman of the Environment Committee and Member of the ...
Palm Futures to Trade in Tight Range
Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives are likely to move in a tight range next week, hovering at between RM2,400 to RM2,490 per tonne, dealers said. They said the commodities markets in general are expected to lose ground in view of the bearish equities market globally, d...
Indonesia Puts Moratorium on New Forest Clearing
JAKARTA: Indonesia will place a two-year moratorium on new concessions to clear natural forests and peatlands under a deal signed with Norway aimed at reducing greenhouse gases, the government said in a statement. Indonesia’s President Susilo Bambang Yudhoyono and Norway’s Prime Minister...
Palm Oil Trade a Priority in FTA Talks with EU
BARRIERS to palm oil trade will be a priority item on the negotiating table in Malaysia’s free trade agreement (FTA) talks with the European Union (EU), said Plantation Industries and Commodities Minister Tan Sri Bernard Dompok. Malaysia and the EU is due to hold its second round of FTA talks ...
