News
Palm Oil Players in Malaysia, Indonesia Form Group
Collaboration to engage with RSPO for more practical sustainable criteria KUCHING: Palm oil producers in Indonesia and Malaysia have established the Indonesia-Malaysia Palm Oil Group (IMPOG) to formalise their collaboration on sustainable palm oil development. IMPOG’s first chairman will be from the...
Move to Have WTO’s Ear on Palm Oil Fight
Malaysia and Indonesia may file a complaint to the World Trade Organisation to protect the growth of the oil palm industry that supports tens of millions of livelihoods Malaysia and Indonesia may file a complaint to the World Trade Organisation (WTO) over protectionist measures, disguised as environ...
KL, Jakarta to Fight Anti-Palm Oil Lobby
Oil palm planters in Malaysia and Indonesia are joining hands to form a coalition to fight anti-palm oil lobby that has been intensifying recently. Fierce rivalry from competing vegetable oils grown in Europe and North America has prompted underhanded tactics by developed nations to curb the growth ...
CPO Futures End Mixed in Absence of Fresh Leads
CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives ended mixed yesterday in the absence of fresh leads, a dealer said. “Traders are waiting for more firm leads as the decline in exports has already been priced in last week,” he said. May 2010 rose RM12 to RM2,589 per tonne, June ...
Oil Palm Planters Urged to Create Corridors for Wildlife
KUCHING: Oil palm planters have been asked to create “corridors’’ in their estates for wildlife, particularly the endangered orang utan, to roam in their natural habitats. Plantation Industries and Commodities Minister Tan Sri Bernard Dompok said non-governmental organisations had raised their conce...
Malaysia Palm Futures May Test RM2,581
SINGAPORE: The Malaysian palm oil futures third-month contract’s bearish target at RM2,503 per tonne is shifted to RM2,520, as it touched a high of RM2,565 today. The RM2,565 level is almost 76.4 per cent of the Fibonacci level on the move from RM2,581 to RM2,520. The technical reading indicates the...
