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Palm oil body to wield stick to get consumer goods giants to go green
KUALA LUMPUR: A palm oil industry watchdog will adopt rules next month that will impose fines on consumer goods companies like Unilever and Nestle if they don’t start buying more green palm oil to help curb deforestation in Southeast Asia, the regulating body said. Producers of palm oil, a commodity...
Palm oil price rises as Malaysia looks to repair ties with India
SINGAPORE: Malaysian palm oil futures rose over 1.5% on Wednesday after the government said it will import more products from top palm buyer India in a bid to mend relations following a row over Kashmir. The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange ...
Palm oil inventory could rise in next few months
Plantation sectorMaintain neutral: Malaysia’s crude palm oil (CPO) production in September rose for the third straight month, up by 1.1% month-on-month (m-o-m) to 1.84 million tonnes, due to higher production in Sabah (+9.6%) and Sarawak (+5.3%), but was partially offset by lower production in ...
Malaysian palm rises again on buying ahead of Sept data
SINGAPORE: Malaysian palm oil futures rose for a fifth consecutive session on Thursday, buoyed by last-minute buying ahead of September data from the Palm Oil Board. Gains in palm and rival soyoil on China’s Dalian Commodity Exchange also supported the market. Palm oil is affected by price mov...
Malaysia’s palm oil stocks up 9.3% in September 2019
KUALA LUMPUR: Malaysia’s total palm oil stocks rose 9.27 per cent to 2.448 million tonnes in September 2019 from 2.241 million tonnes recorded in the previous month. In a statement today, the Malaysian Palm Oil Board (MPOB) said crude palm oil (CPO) stocks increased by 4.84 per cent to 1.353 mi...
Palm oil price up for third day ahead of data, budget
KUALA LUMPUR: Malaysian palm oil futures rose on Tuesday to mark a third straight day of gains, as traders expected a slower than forecast pace of growth in monthly output and awaited cues from the country’s national budget announcement for next year. The benchmark palm oil contract for the De...
