NEWS FEED
  • 23 September, 2016
    Palm oil price rises to 5-month high as analyst warns of global shortage
    We could soon be running out palm oil according to one analyst. Speaking at an industry conference in Goa and reported by Reuters, vegetable oil analyst Thomas Mielke said Thursday that global palm oil supplies won't meet export demand in in 2016/17.
  • 23 September, 2016
    Global palm oil output to recover in H1 2017 as El Nino effects fade
    Global palm oil production will recover in 2017, increasing by 4 million tonnes in the first half of next year from the same time in 2016, said leading industry analyst James Fry, after the crop damaging El Nino weather event reduced output this year. Rising palm oil production could dampen benchmark palm oil prices, which hit a five-month high on tight market supplies in early trade on Wednesday. Palm futures rose 0.2 per cent to RM2,683 per tonne at the midday break today, up 3.4 per cent so far this week.
  • 22 September, 2016
    EUROPEAN VEGOILS-PALM OIL PRICES FALL AS EXPORT PACE SLOWS
    LONDON: Palm oil prices in Europe were lower on Wednesday, weighed by a weaker export outlook and a decline in Malaysian futures earlier in the day. Sellers of RBD palm olein raised offers by $5 to $7.50 per tonne with January/March shipment last traded at $665, down $4 from Tuesday. Crude palm oil asking prices were $5 to $15 a tonne lower.
  • 22 September, 2016
    Higher demand to push up India's palm oil imports in 2016/17
    PANAJI, India (Sept 21): India's palm oil imports in 2016/17 are likely to rise 9% to 9.24 million tonnes from a year earlier, as a growing population and higher income levels drive up edible oil consumption, a leading industry analyst said on Wednesday.
  • 22 September, 2016
    Malaysian palm oil price reverses gains on weaker export outlook
    KUALA LUMPUR: Malaysian palm oil futures reversed gains on late on Wednesday in its first decline after three consecutive sessions of gains, weighed down by a weaker export outlook and profit taking.
  • 22 September, 2016
    Malaysian palm oil/Vegoils: Market factors to watch Thursday Sept 22
    KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday Sept 22.
  • 22 September, 2016
    Making Sens - Palm oil sector deserves a break
    OVERTAXED, under-appreciated and disregarded – will this current stance towards the oil palm sector be incorporated in Budget 2017? Among the multiple taxes levied on plantation companies involved in palm oil, the most pernicious is the windfall profit tax.
  • 21 September, 2016
    Brazil Explores Opportunities In Malaysia’s Agriculture Industry
    THE government of Brazil is exploring avenues in the Malaysian agriculture industry to further strengthen ties between both countries. Brazil’s Agriculture, Livestock and Food Supply Minister Blairo Borges Maggi said the country is looking beyond monetary investment, as it plans an exchange of technological cooperation and best practices with Malaysia.
  • 21 September, 2016
    Malaysia’s Green Energy Path
    Malaysia was a leading negotiator for the group of developing nations at the 21st session of the Conference of the Parties to the UN Framework Convention on Climate Change (COP 21) in Paris. Seven years ago at the COP 15 meeting in Copenhagen Malaysia had agreed to reduce its “carbon intensity” (CO2eq emissions to GDP) by 40% from its 2005 value by 2020. Its commitment was enhanced to 45% carbon intensity reduction by 2030 at the COP 21 in Paris, France in 2015, subject to conditions regarding financing assistance and transfer of technology.
  • 21 September, 2016
    Palm oil price surges to 5-month high as supplies tighten
    KUALA LUMPUR: Malaysian palm oil futures surged to their highest in five months on Tuesday, recording a third straight session of gains, in response to tight supplies and strength in rival oils.