NEWS FEED
  • 23 April, 2018
    Minister: M’sia needs to produce own animal feed
    Malaysia needs to produce its own animal feed for the livestock industry to remain self-sufficient, while reducing dependency on imported agricultural products. “Even when we are producing our own poultry, we are importing almost 100% of the feed,” Agriculture and Agrobased Industry (MoA) Minister Datuk Seri Ahmad Shabery Cheek said at the Livestock Asia 2018 opening ceremony in Kuala Lumpur yesterday.
  • 20 April, 2018
    Malaysian palm oil price declines on weaker demand growth outlook
    Malaysian palm oil futures declined on Thursday evening, with the market weighed down by forecasts of slowing demand growth ahead of a data release by cargo surveyors on Friday. The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange was down 0.2 percent at 2,403 ringgit ($617.90) a tonne at the close of trade. It earlier rose as much as 0.7 percent to 2,424 ringgit.
  • 20 April, 2018
    Palm edges higher on stronger soyoil before trimming gains
    Malaysian palm oil futures edged higher in early trade on Thursday, tracking strength in soyoil on the Chicago Board of Trade (CBOT), before trimming the gains to trade flat by the midday break. The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange was flat at RM2,408 (US$619.50) a tonne at the midday break. It earlier rose as much as 0.7% to RM2,424. Trading volumes stood at 7,049 lots of 25 tonnes each at the midday break.
  • 20 April, 2018
    Malaysian palm oil price declines on weaker demand growth outlook
    KUALA LUMPUR: Malaysian palm oil futures declined on Thursday evening, with the market weighed down by forecasts of slowing demand growth ahead of a data release by cargo surveyors on Friday.
  • 20 April, 2018
    Indonesia to boost biodiesel exports, Malaysia expects to lose market share
    KUALA LUMPUR/JAKARTA: Indonesian biodiesel makers are gearing up to boost exports after the European Union removed anti-dumping duties on shipments from some producers in the country, but rival suppliers in Malaysia are bracing for a slowdown in the wake of the move. Read more at https://www.thestar.com.my/business/business-news/2018/04/20/indonesia-to-boost-biodiesel-exports-malaysia-expects-to-lose-market-share/#d7qUMhOoDTAmTWQq.99
  • 20 April, 2018
    FGV seen to achieve ideal palm-tree age profile by 2020
    Felda Global Ventures Holdings Bhd Maintain buy with an unchanged target price (TP) of RM2.26: We expect Felda Global Ventures Holdings Bhd’s (FGV) plantation division earnings to continue growing in 2018-2020, on the back of a boost in fresh fruit bunch (FFB) yields and crude palm oil (CPO) production, arising from an increasing prime matured palm-tree area. We also expect improvement in production cost to offset the impact of a dip in CPO prices. Over the years, FGV’s palm-tree-age profile has improved and currently its average palm-tree age stands at about 14.5 years. We expect FGV to be on track to achieve an ideal palm-tree age profile of 12 years to 13 years by 2020 through an annual replanting programme of about 3% to 6% of its planted land bank.
  • 20 April, 2018
    Palm edges higher on stronger soyoil before trimming gains
    KUALA LUMPUR (April 19): Malaysian palm oil futures edged higher in early trade on Thursday, tracking strength in soyoil on the Chicago Board of Trade (CBOT), before trimming the gains to trade flat by the midday break.
  • 19 April, 2018
    Malaysian palm oil price closes flat after recouping early losses
    Malaysian palm oil futures closed flat on Wednesday as short covering in the second half of trade helped the market recover from losses earlier in the day. The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange closed at 2,408 ringgit ($619.34) a tonne on Wednesday evening. It earlier fell as much as 1.2 percent to an intraday low of 2,380 ringgit. Palm had jumped 1.6 percent in its previous trading session, after seeing six straight days of declines.
  • 19 April, 2018
    Palm oil declines on correction, bearish outlook
    Malaysian palm oil futures dropped on Wednesday, poised for a seventh session of declines in eight, as the market corrected lower after a recent rally on bearish production outlook. The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange was down 0.7% at RM2,391 (US$614.81) a tonne at the midday break. Palm had jumped 1.6% in its previous trading session, after previously seeing six straight days of declines.
  • 18 April, 2018
    Iceland’s palm oil decision misleading, says CPOPC
    The Council of Palm Oil Producing Countries (CPOPC) has lashed out at a UK supermarket chain operator as its intention to remove palm oil from all its own-brand produce is “misleading the consumers”. Iceland Foods Ltd has announced that it would remove palm oil from all its own-brand produce by year-end, drawing quick rebuttals from palm oil producing countries and planters.