• 30 November, 2015
    CPO prices seen to rise next year
    With the growing likelihood of an El Nino event, greater demand from Indonesia’s biodiesel mandate and slowing production growth, CPO prices are expected to go as high as US$800 (RM3,440) per tonne free-on-board (before export tax) next year. LMC International Ltd chairman James Fry was the most optimistic with his forecast. “A full El Nino drought would put more pressure on stocks,” he said, adding that the world would have to rely on soy oil to fill some of the shortfall in CPO supplies.
  • 30 November, 2015
    Indonesia plans palm oil industrial zone
    Indonesia wants to set up a palm oil industrial zone (POIZ) to develop a more sustainable downstream industry under the recently-inked Council of Oil Producing Countries (CPOPC) with Malaysia. This industrial zone is aimed at promoting cooperation and investment into a sustainable and environmentally-friendly palm oil industry.
  • 30 November, 2015
    El Nino to impact CPO prices in 2016
    BALI, Indonesia: It was lukewarm reception at the Indonesian Palm Oil Conference (IPOC) 2015 as the vegetable oil analysts, gave moderate forecast that palm oil prices are likely to trade between the band of US$550 to US$770 per tonne by mid-2016, from the current US$540 per tonne.
  • 30 November, 2015
    Over RM70b exports in Sept this year
    KUALA LUMPUR: Malaysia has recorded 8.8 per cent export growth, bringing total exports to RM70.16 billion in September, the highest within the first nine months this year, Dewan Rakyat was told today.
  • 27 November, 2015
    Malaysia, Indonesia to harmonise palm oil certification
    Indonesian Palm Oil Producers Association or Gabungan Pengusaha Kelapa Sawit Indonesia (Gapki) looks to the harmonisation of palm oil certifications with Malaysia, following the establishment of the Council of Palm Oil Producing Countries (CPOPC). “Instead of competing against each other in the international market, it's good to see that both Malaysia and Indonesia are moving towards win-win collaborations,” said Gapki executive director Fadhil Hasan.
  • 26 November, 2015
    Palm oil recovers from early losses, posts first gain in 5 sessions
    Malaysian palm oil futures bounced back from early falls and closed higher on Wednesday, snapping four sessions of declines as bargain-hunting and a report of production drop offset a stronger ringgit. The February benchmark palm oil contract on the Bursa Malaysia Derivatives Exchange closed more than 1% up at 2,300 ringgit (US$546.06) per tonne. Buyers were back in the market as four sessions of losses brought prices to attractive levels, said a palm oil trader in Kuala Lumpur.
  • 25 November, 2015
    Haze, a test of palm oil dominance
    The forest fire predicament has receded as rain started to fall in many regions in recent weeks. Will the government’s sense of urgency in tackling the annual problem also recede? One may fear so.
  • 25 November, 2015
    Malaysian palm oil price falls for 4th straight session on strong ringgit
    Malaysian palm oil futures reversed gains and fell for a fourth straight session on Tuesday as the strengthening ringgit eventually weighed on prices. The February benchmark palm oil contract on the Bursa Malaysia Derivatives Exchange dropped 0.3 percent to 2,275 ringgit ($536.30) a tonne by the close. "The dollar is weaker and exports are expected to slow, so we're seeing some pressure on palm oil," one Kuala Lumpur-based trader said.
  • 24 November, 2015
    El Nino, haze will hit palm oil production: Sime Darby Plantation
    Sime Darby Bhd's plantation division estimates that the El Nino weather effect and prolonged drought would affect at least 6% of its palm oil production in Malaysia and 8-10% in Indonesia in the next one to two years. Sime Darby Plantation Sdn Bhd managing director Datuk Franki Anthony Dass (pix) said the recent haze would have a similar compounding impact with the prolonged dry period affecting fruits and disrupting oil extraction as well as crop production.
  • 23 November, 2015
    Letter to the Editor - The Guardian
    The allegations by The Guardian relating to labour rights on Malaysian palm oil (“Palm oil: why do we care more about orangutans than workers?) are materially inaccurate and unjustified. The public claims around child labour in the palm oil industry are for the most part anecdotal and can certainly not be considered systemic. No widespread or systematic child labour has been found, either by independent researchers or by the Malaysian Government.