NEWS FEED
  • 12 March, 2014
    Research Firms Expect Higher CPO Prices
    KUALA LUMPUR: Research firms expect the crude palm oil (CPO) prices to strengthen in the first half of 2014 amid prolonged dry weather in the palm oil-producing countries and Indonesia's biodiesel programme. RHB Research expected the CPO prices to strengthen progressively throughout the second quarter to RM2,700 per tonne due to lacklustre output in Indonesia, a result of rainfall deficit.
  • 11 March, 2014
    Palm Oil Drops as Prices at 18-Month High Seen Cutting Demand
    Palm oil declined the most in more than a week on concern that the highest price in almost 18 months may weaken demand for the tropical oil used in everything from food to fuel. The contract for May delivery retreated as much as 1.1 percent to 2,870 ringgit ($876) a metric ton on Bursa Malaysia Derivatives, the biggest decline for futures since Feb. 27, and ended the morning session at 2,891 ringgit in Kuala Lumpur.
  • 11 March, 2014
    Palm Oil Climbs
    KUALA LUMPUR: Malaysian palm oil futures rose to their highest level since mid-September 2012 on Monday after an industry report showed that stocks in the world's No 2 producer fell to an eight-month low as dry weather hindered output. Industry regulator the Malaysian Palm Oil Board on Monday reported that Malaysia's February palm oil stocks dropped to 1.66 million tonnes, their lowest level since June, from 1.94m tonnes the month before.
  • 11 March, 2014
    Palm Oil Climbs to 18-month High
    Palm oil advanced to the highest level in almost 18 months after production in Malaysia dropped to the lowest since April 2012, depleting stockpiles in the world’s second biggest supplier to an eight-month low.
  • 10 March, 2014
    Standard for Sustainability
    MALAYSIA is expected to launch its national sustainable palm oil certification standard next month. The long awaited Malaysian Sustainable Palm Oil (MSPO) will be the third such certification standard in the world for palm oil, after the Indonesian Sustainable Palm Oil (ISPO) launched in 2011, and the international multi-stakeholder grouping, the Roundtable on Sustainable Palm Oil (RSPO) set up in 2004.
  • 10 March, 2014
    Sarawak Plans to Sell CPO in Middle East
    KUCHING: Sarawak has identified the Middle East as the potential new market for its palm oil products. State Land Development Minister Tan Sri Dr James Masing said the ministry was planning a mission to the Middle East to promote the sale of palm oil products. “We must look for new markets. Our main buyers now are China, India, Pakistan and Bangladesh,” he told StarBiz
  • 7 March, 2014
    Wilmar Assures Sarawak it Will Continue to Buy Crude Palm Oil
    KUCHING: A senior state minister from Sarawak disclosed that Wilmar International Ltd, which kicked up a storm three weeks ago with its new outsourcing policy, has given the assurance that it would continue to procure crude palm oil (CPO) from planters in the state even though the plantations were on peat land. Sarawak Land Development Minister Tan Sri Dr James Masing said Wilmar chairman and chief executive officer Kuok Khoon Hong wrote to him on Feb 14 stating that Wilmar’s policy would not affect the company’s purchase of CPO from corporations which had previously developed large tracts of peat land.
  • 7 March, 2014
    Investors Chase Palm Oil Shares After Bullish CPO Price Forecasts
    PETALING JAYA: Plantation stocks were actively traded on Bursa Malaysia yesterday, given the bullish projection by world palm oil experts that crude palm oil (CPO) prices are set to reach the RM3,000-per-tonne level by the second half of this year. Among the top gainers were Genting Plantations Bhd and PPB Group Bhd, which gained 30 sen each to RM11 and RM16.66, respectively, while Kuala Lumpur Kepong Bhd firmed up 26 sen to RM23.90.
  • 6 March, 2014
    B7 Biodiesel Mandate too Ambitious
    KUALA LUMPUR: Malaysian Palm Oil Council chief executive officer Tan Sri Dr Yusof Basiron has described the government's plan to implement the B7 biodiesel programme (a mix of 7% palm oil and 93% petroleum diesel) as too ambitious to carry out at the moment. "If prices of palm oil were cheap enough to make using the B7 blend very attractive, then obviously this option would be tried or implemented once we have more blending facilities set up.
  • 6 March, 2014
    Dry Spell Could Boost Palm Oil RM3,000 or More per Tonne
    KUALA LUMPUR: Consensus estimates for the crude palm oil (CPO) prices this year indicate that they could touch the RM3,000 per tonne level, if not higher, as industry thought leaders tracked effects of the dry spell and biodiesel demands. Godrej International Ltd director Dorab Mistry said weather held the key for palm oil prices this year and that the lack of rainfall next week would be crucial to revising price estimates going forward.