News
Higher CPO prices lift plantation counters
KUALA LUMPUR (Nov 12): Plantation counters are experiencing bullish share prices on Bursa Malaysia following positive news on exports and reduction in palm oil stocks by 4.1 per cent to 2.35 million tonnes in October, which pushed up crude palm oil (CPO) prices. At 10.45 am, Sime Darby Plantation ro...
Total palm oil output of Indonesia, Malaysia seen flat in 2020 — analyst Mistry
GUANGZHOU/SHANGHAI (Nov 7): Total palm oil production in Indonesia and Malaysia is expected be flat next year, due to dry weather and low fertiliser application in the world’s top two producers of the vegetable oil, according to industry analyst Dorab Mistry. Indonesian output is forecast to r...
Decline in palm oil stocks prove efforts to increase export successful — minister
KUALA LUMPUR (Oct 4): The decline in Malaysian palm oil stocks is positive, as it proves that the government’s efforts to increase palm oil exports have been successful, Primary Industries Minister Teresa Kok Suh Sim said today. She said Malaysian palm oil exports recorded an increase of 19.7%...
No need for protest as crude palm oil price is rising — minister
KUALA LUMPUR (Nov 4): Primary Industries Minister Teresa Kok Suh Sim has questioned the motives of those who staged a protest, purportedly defending oil palm settlers and smallholders in front of the Parliament building here today. Kok said she does not understand the need for the protest, when the ...
It’s paying off for oil palm farmers
KAMPAR: More than 300 oil palm smallholders in Perak were awarded sustainability certification after months of hard work to comply with the requirements to be globally recognised as sustainable palm oil producers. Yesterday, 335 independent smallholders who voluntarily participated in the Wild Asia ...
India considers adding more levies on refined palm oil imports
NEW DELHI (Oct 29): India, the world’s biggest buyer of palm oil, is considering a proposal to further increase import taxes on the refined variety to boost local processing and cut dependence on overseas purchases, according to people with knowledge of the matter. The government is discussing a pro...
