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Malaysia’s palm oil market expected to rebound — Khairuddin
ALOR SETAR (June 16): The nation’s palm oil industry is expected to rebound on the back of increasing demand for crude palm oil (CPO) and refined palm oil from several countries including Turkey. Plantation Industries and Commodities Minister Datuk Dr Mohd Khairuddin Aman Razali said the minist...
MPOCC upbeat about future of palm oil industry
MIRI: The Malaysian Palm Oil Certification Council (MPOCC) is optimistic that the palm oil industry will continue to have a bright future. MPOCC chairman Muhtar Suhaili explained that crude palm oil (CPO) prices have continued to recover and now have reached RM2,400 a tonne; higher than average pric...
Covid-19: Palm oil industry rejoice as economies reopen
KUALA LUMPUR, June 14 — After a dramatic slowdown in the first quarter due to the coronavirus lockdown imposed by countries across the globe, the palm oil bulls are on the move again and ready to charge the market in the second quarter onwards. As businesses throughout the world are allowed to resum...
Palm oil industry upbeat as economies reopen
KUALA LUMPUR: After a sharp slowdown in the first quarter due to the Covid-19 lockdown imposed by countries across the globe, the palm oil industry has turned more optimistic. As businesses resume operations, industry players expects demand for palm oil to pick up. Palm oil players also welcomed the...
Industry body sees India’s 3Q palm oil imports at 800,000 tonnes a month
KUALA LUMPUR (June 11): India is expected to import an average of 800,000 tonnes of palm oil a month in the third quarter of this year, Indian Vegetable Oil Producers (IVPA) said today. Speaking in a webinar organised by the Malaysian Palm Oil Council (MPOC), IVPA president Sudhakar Desai said India...
Chinese palm oil imports expected to decline
KUALA LUMPUR (June 11): Chinese palm oil imports are expected to normalise and to decline to 5.95 million tonnes this year, after rising to 7.55 million tonnes in 2019 when domestic oil production was hit by a drought. Kuala Lumpur Kepong Bhd (KLK) Business Director Ooi Liang Hin explained tha...
