News
Nominal impact on India’s import of Malaysian palm oil even if duty increases — IJM
PETALING JAYA (Aug 27): Malaysian refined palm oil export into India will only be impacted nominally even if the Indian Government decides to hike the import duty on the commodity, IJM Plantations Bhd said. Chief financial officer and executive director Puru Kumaran said Indian consumers would conti...
CPO futures to decline on profit-taking next week
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to decline next week on profit-taking activities. Interband Group of Companies Senior Palm Oil Trader, Jim Teh said CPO prices have been on the uptrend this week despite the high stocks in the country. ...
Sabah and Thailand keen to explore business partnerships
KOTA KINABALU: Sabah is interested to explore potential business partnerships with Thai investors in various sectors. Chief Minister Datuk Seri Mohd Shafie Apdal said among the potential industries are tourism, agriculture, manufacturing, automotive, and wood processing. “At present, the touri...
Malaysian palm oil price snaps losing streak on stronger exports, soyoil
KUALA LUMPUR: Malaysian palm oil futures rose nearly 2% in the second half of Tuesday’s trading session, supported by gains in soyoil on the U.S. Chicago Board of Trade and stronger export data from cargo surveyors. The benchmark palm oil contract for November delivery on the Bursa Malaysia De...
Indonesian planters see drought hitting palm oil output
KUALA LUMPUR/JAKARTA: Leading palm oil players in Indonesia see production growth being hit in the short to medium term, as the world’s top grower of the edible oil faces drought across major planting regions that is expected to delay fruit ripening and lower output. Drought has hit large part...
Britain should break with Europe on palm oil: Dr Mahathir
(Aug 19): Post-Brexit, the UK will have a historic opportunity to strike a trade deal with one of the world’s fastest-growing regions and prove that it can shed European red tape and protectionism. The key is to rethink the European Union’s misguided policy on palm oil. In 2017, the European Parliam...
