NEWS FEED
  • 3 May, 2016
    Indonesia takes aim at palm oil after forest fires
    President Joko Widodo in April proposed a halt on granting new land for palm oil plantations in the world’s top producer of the edible vegetable oil, a key ingredient in many everyday goods, from biscuits to shampoo and make-up. In a statement, he said that “palm oil concessions available at the moment are already adequate” and urged producers to concentrate on using better seeds to increase their yields.
  • 29 April, 2016
    Negri Sembilan Oil Palms' lands increase in value to RM66.5m
    KUALA LUMPUR (April 28): Negri Sembilan Oil Palms Bhd (NSOP)’s value of its freehold and leasehold lands has increased to RM66.5 million, bringing the group's total land value to RM428.7 million. “The board today approved the incorporation of an increase in value of its lands arising from the valuation of freehold and leasehold lands by the group in the consolidated financial statements for the financial year ended Dec 31, 2015.
  • 29 April, 2016
    Nestle: IOI not totally cut off as palm oil supplier
    KUALA LUMPUR: Nestle (Malaysia) Bhd has not disengaged from IOI Corp Bhd on a total scale following the suspension by the Roundtable on Sustainable Palm Oil (RSPO) on IOI's certification, but has stopped sourcing from IOI's plantations that are affected.
  • 28 April, 2016
    Palm falls as ringgit trims losses, traders eye Ramadan demand
    KUALA LUMPUR (April 27): Malaysian palm oil futures dipped in early trade on Wednesday as the ringgit recovered from a one-week low against the dollar, while expected demand ahead of Ramadan was seen limiting losses. A stronger ringgit, the currency palm oil is traded in, makes the vegetable oil more expensive for foreign currency holders. The ringgit traded at 3.9300 to the dollar around noon, up from 3.9495 on Tuesday following news of a Malaysian state-fund defaulting on a bond interest payment.
  • 28 April, 2016
    Malaysia proposes to amend environment act to curb haze from forest fires
    KUALA LUMPUR (April 27): Malaysia is proposing to amend an act to allow the government to seize control of land where big fires are discovered, as part of its long-term efforts to curb haze from slash-and-burn forest clearing techniques usually linked to palm oil plantations.
  • 28 April, 2016
    Malaysian palm oil price falls to near two-week low on stronger ringgit
    KUALA LUMPUR: Malaysian palm oil futures declined to their lowest levels in nearly two weeks on Wednesday evening, as the ringgit recovered from a one-week low against the dollar and as traders cashed in on slow exports and improving output. A stronger ringgit, the currency palm oil is traded in, makes the vegetable oil more expensive for foreign currency holders. The ringgit rose 0.3 percent to trade at 3.91 to the dollar in the evening, having slumped to its lowest level in a week to 3.9495 on Tuesday following news of a Malaysian state-fund defaulting on a bond interest payment.
  • 27 April, 2016
    Malaysian palm oil/Vegoils: Market factors to watch Wednesday
    KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday April 27.
  • 27 April, 2016
    Palm oil up on weaker ringgit, short covering lifted sentiment
    KUALA LUMPUR: Malaysian palm oil futures rose on Tuesday, up from a one-week low touched in the previous session, supported by a decline in the ringgit against the dollar. A weaker ringgit lent support to palm but earlier gains were limited due to higher production and slowing exports, said a trader based in Kuala Lumpur.
  • 27 April, 2016
    Fitch sees Asian palm oil sector improving
    KUALA LUMPUR: Fitch Ratings forecasts an improving outlook for the Asian palm oil producers due to changes in supply and demand dynamics, pointing to higher prices for crude palm oil (CPO) in 2016. The international ratings agency said on Tuesday that higher prices will be credit positive for producers as they will result in higher operating cash flows and improve CPO firms' credit profiles.
  • 26 April, 2016
    Malaysian palm oil/Vegoils: Market factors to watch Tuesday
    KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday April 26. FUNDAMENTALS * Malaysian palm oil futures saw a second session of losses in trade on Monday, due to sluggish export demand and as traders forecast rising production in line with the seasonal trend.