NEWS FEED
  • 30 October, 2014
    CPO Futures Uptrend Continues
    KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives rallied for the second consecutive day, influenced by positive comments from industry expert Thomas Mielke. Phillip Futures Sdn Bhd derivative product specialist David Ng said Mielke predicted CPO prices would hover between RM2,300 a tonne and RM2,500 a tonne in the first quarter of 2015.
  • 29 October, 2014
    B7 Biodiesel to be Launched to Replace B5 at Petrol Stations from Nov 1
    KUALA LUMPUR: A more environmentally friendly fuel – the B7 Biodiesel – will be introduced nationwide next month. The B7 Biodesel is a blend of 7% palm biodiesel and 93% petroleum diesel, and has lower greenhouse gas emissions than diesel. Plantation Industries and Commodities Minister Datuk Amar Douglas Uggah Embas said the B7 Biodiesel Programme would start on Nov 1 for the subsidised sector in peninsular Malay­sia and in December for Sabah and Sarawak.
  • 29 October, 2014
    MPOC Expects CPO Prices to Rise Next Year
    KUALA LUMPUR: The Malaysian Palm Oil Council (MPOC) expects crude palm oil price (CPO) to increase to between RM2,100 and RM2,500 next year, lifted by factors such as biofuel demand and petroleum price level. Its chief executive officer, Tan Sri Yusof Basiron, said besides supply and demand, biofuel demand and petroleum price level would determine whether more or less of biodiesel would be used.
  • 29 October, 2014
    CPO Futures Higher on Renewed Buying Interest
    KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed higher due to renewed buying interest after Monday’s lost. Phillip Futures Sdn Bhd derivative product specialist David Ng said palm oil rallied above RM2,200 level after the government announced its plan to implement the b7n and b10 biodiesel programmes next year at an palm oil conference yesterday.
  • 28 October, 2014
    CIMB Research Downgrades Crude Palm Oil Price Outlook
    KUALA LUMPUR: CIMB Equities Research has cut its average crude palm oil (CPO) price forecast by 5% - 11% for 2014 to 2016 to reflect larger-than-expected global edible oil supplies as well as weaker demand for biodiesel usage in Indonesia. It said on Tuesday the CPO price declines in 3Q14 were sharper than what we had previously expected, due to stronger edible oils supplies prospects, weaker demand from China and lower crude oil prices.
  • 28 October, 2014
    Palm Oil Trade Fair and Seminar (POTS) Kuala Lumpur 2014 - Download Presentation
    The Malaysian Palm Oil Council (MPOC) is proud to present the Fifth International Palm Oil Trade Fair and Seminar 2014 in Kuala Lumpur (POTS KL 2014), which will be held from 28 to 29 October 2014 at the Shangri La Hotel, Kuala Lumpur. Since its inception, POTS has made significant progress and established itself as a signature event and a key networking platform for global palm oil players and business leaders to meet and explore future trade and business linkages, to provide thoughtful insights into upcoming innovations as well as economic opportunities.
  • 27 October, 2014
    Local start-up showcases eco-friendly stationery made from sustainably-produced palm paper
    THE palm oil industry has always been subjected to criticism by a number of quarters. From deforestation to endangering the orang utans, the world’s most consumed and used oil has its fair share of critics. According to the Malaysian Palm Oil Council (MPOC), Malaysia currently accounts for 39% of world palm oil production and 44% of world exports. Malaysia is also one of the biggest producers and exporters of oil palm and palm oil products.
  • 27 October, 2014
    Palm Oil Trade Awareness Programme (POTAP) Interaction 2014
  • 24 October, 2014
    CPO Futures Closes Higher
    KUALA LUMPUR: Crude palm oil (CPO) futures closed higher yesterday amid concerns over production difficulty due to seasonal cycle, a dealer said. Besides that, he said the positive sentiment in the soy oil market also helped support the commodity's prices. “However, traders are cautious ahead of key cargo surveyors' numbers which will be released early next week,” he added.
  • 23 October, 2014
    Malaysian Palm Oil Ticks Up on Lower Output, Firm Soybeans
    SINGAPORE, Oct 21 (Reuters) - Malaysian palm oil futures closed higher on Tuesday, recouping some of last session's losses with expectations of lower production of the tropical product and higher soybean prices underpinning the market. Chicago soybean futures rose 0.5 percent to snap a two-session losing streak, supported by the slow pace of harvesting in the United Stated and as dryness delayed planting in Brazil.