News
Palm oil market — bargaining power is key
KUALA LUMPUR: World’s dominant palm oil producers, Indonesia and Malaysia contribute 87 per cent of the global supply — creating a duopoly market of the most versatile edible oil. Indonesia produces 33 million tonnes of the commodity annually, while Malaysia 19.5 million tonnes. Other pl...
Malaysian palm oil price hits 16-month high as rise in exports seen
SINGAPORE: Malaysian palm oil futures surged for a third straight session to hit a 16 month-high on Thursday, supported by expectations that exports in October could be higher than a month earlier. The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange closed...
Malaysian palm oil price rises for 3rd day Thursday on expected higher biofuel demand(Update)
SINGAPORE: Malaysian palm oil futures rose for a third consecutive session on Thursday on expectations for higher biofuel demand, though a stronger ringgit and cheaper rival oils capped gains. The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange rose 0.7% t...
Call for Malaysia, Indonesia to unite and fight smear campaign
BANGI: Malaysia and Indonesia need to up their game in debating and setting narratives for the palm oil industry to better tackle decades of smear campaigns, industry officials said. “When oil palm planters are thrown allegations of reforestation, we should question back these developed nations on t...
Malaysia warns new EU rules could hurt palm oil used in food
KUALA LUMPUR: Malaysia, the world’s second largest producer and exporter of palm oil, warned on Tuesday against new European Union (EU) rules that could hurt demand for a commodity used in foods from snacks to chocolate spread, threatening a US$60-billion industry. Palm oil is used in everything fro...
Stakeholders laud govt funding to tackle palm oil smear campaign
KUALA LUMPUR: The Malaysian Palm Oil Certification Council (MPOCC) lauded the Finance Ministry’s allocation, under the 2020 Budget, to tackle smear campaigns against palm oil and raise the biodiesel mandate throught the country. When contacted by telephone today, MPOCC chief executive officer ...
