News
Oil palm growers urged to seize govt funding incentive for MSPO
HULU TERENGGANU: Oil palm smallholders nationwide have been urged to take advantage of the government funding incentive in obtaining Malaysian Sustainable Palm Oil (MSPO) certification before the incentive ends in four months. Primary Industries Minister Teresa Kok said as of July this year, only 47...
Malaysian palm oil price declines 2% as recession concerns weigh
KUALA LUMPUR: Malaysian palm oil futures declined 2% at the close of trade on Thursday, weighed down by mounting concerns of a U.S. recession and technical selling after seven consecutive days of gains. The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange w...
Indonesia’s B30 passes cold temperature tests; EU imposes duties on biodiesel
Widodo said the higher blend of palm in biodiesel should be able to address the problem of high energy imports and slowing global demand for palm by increasing domestic consumption of the vegetable oil.(Last week’s picture shows Widodo leaving Kuala Lumpur after holding talks in Malaysia on pa...
Malaysian palm oil price extends rally for 7th day on stronger export data outlook
KUALA LUMPUR: Malaysian palm oil futures extended their rally late on Wednesday, hitting their highest in four and a half months, supported by expectations of stronger export data. The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange was last up 0.3% at 2, ...
Malaysia end-July palm oil stocks slip to one-year low — MPOB
KUALA LUMPUR (Aug 13): Malaysian palm oil end-stocks fell unexpectedly in July, slipping to a one-year low, as exports outpaced forecasts and imports fell sharply from the previous month, industry regulator data showed on Tuesday. The dip in stockpiles could further support benchmark palm oil prices...
S’wak welcomes call for more efforts in EU palm oil fight
KUCHING: The Sarawak government welcomes the call by Indonesian President Joko Widodo for Malaysia and Indonesia to intensify cooperation towards tackling discrimination against palm oil production by European Union (EU) nations. Chief Minister Datuk Patinggi Abang Johari Tun Openg said as the count...
