NEWS FEED
  • 20 October, 2014
    Sabah Set to Grow Oil Palm Sector via EPPs
    SABAH is committed to develop its oil palm sector through Entry Point Projects (EPPs) and ensure continuous improvement in environmental management under the industry. The EPPs includes replanting of oil palm, improving fresh fruit bunch yields, increasing oil extraction rate and improving workers’ productivity, as well as developing biogas facilities at palm oil mills.
  • 20 October, 2014
    Yusof Basiron: “Our farmers hope to get full market access in the EU countries”
    In an interview to New Europe Dr. Yusof Basiron, Chief Executive Officer of the Malaysian Palm Oil Council reacts to the negative labelling of palm oil in the EU and explaines what its production realy means for the Malaysian economy. Palm Oil seams to be a new product in the eyes of the European consumers. But, Malaysia is in business since 1918 when the first plantation was started. Indeed, today palm oil production is an important factor for the economies of Malaysia and Indonesia as well. EU imports 15% of the Malaysian production. But new regulations concerning the product have to be implemented by the EU in December. A fact that is considered a threat to the production of palm oil.
  • 17 October, 2014
    Slips on Weak Sentiment
    KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed lower yesterday dampened by weak market sentiment and lacklustre export performance. For the first 15 days in October, Malaysia’s palm oil exports fell 16.5 per cent from the same period last month to 626,482 tonnes.
  • 16 October, 2014
    Palm Slips To Over 3-Wk Low As Crude, Soy And Weak Exports Drag
    KUALA LUMPUR, Oct 15 (Reuters) - Malaysian palm oil futures slipped to a more than three-week low on Wednesday, giving up gains made in the previous session as crude and soy oil prices slumped, and as export demand remained lacklustre in the first half of October. Brent crude fell to a fresh 47-month low on Wednesday before recovering to just above $84 a barrel as faltering global growth curbed demand for fuel at a time of heavy oversupply. O/R
  • 16 October, 2014
    CPO hits a more than 3-week low
    KUALA LUMPUR: Crude palm oil (CPO) futures prices ended at a more than three-week low yesterday, a dealer said. He said the downtrend was influenced by the massive weakness in the crude oil market coupled with weak export performance as indicated by cargo surveyors.
  • 15 October, 2014
    Palm Snaps Three-Day Losing Streak As Soy Gains
    KUALA LUMPUR, Oct 14 (Reuters) - Malaysian palm oil futures rose on Tuesday to snap a three-day losing streak, lifted by anticipation of delays in the record U.S. soybean harvest, alongside hopes that firm demand for palm would hold stockpiles in check. Reports of variable yields from the U.S. Midwest grain belt and the prospect of delays to the harvesting of the 3.927 billion bushel soybean crop expected by the USDA pushed up front-month soybean prices Sc1. GRA/
  • 15 October, 2014
    CPO Prices Rebound at Close
    KUALA LUMPUR: Crude palm oil (CPO) futures prices rebounded at close yesterday amid mixed views on the market, a dealer said. He said the recent slump in crude oil prices had caused waning demand in the biodiesel market thus weighing on CPO prices. Under Budget 2015, Malaysia has extended the tax-free exports of CPO until December this year to support prices and curb the build-up of reserves.
  • 14 October, 2014
    Palm Inches Lower As Ringgit Holds
    JAKARTA, Oct 13 (Reuters) - Malaysian palm oil was down for a third day on Monday in low volume, but the decline was supported by a largely stable ringgit, as traders awaited stronger cues to move the market. "It's down marginally at the beginning of the week, looking for a new lead for the market with the ringgit holding quite well," said a trader with a foreign commodities brokerage in Kuala Lumpur, commenting on the light trading volume on Monday and mixed signals in competing oilseed markets.
  • 14 October, 2014
    CPO Futures Higher on Strong Export Performance
    Kuala Lumpur: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed higher yesterday, thanks to September’s strong export performance. According to Cargo Surveyor Intertek Testing Services, exports of Malaysian palm oil products during the month rose by 16.3 per cent from a month earlier to 1.5 million tonnes.
  • 13 October, 2014
    Malaysia Seeks to Boost Palm Oil by With Tax-Free Extension
    Malaysia’s extension of tax-free exports of crude palm oil until the year-end is intended to support prices and curb the buildup of reserves, said Plantation Industries and Commodities Minister Douglas Uggah Embas. “We hope this will continue to prevent any drastic fall in the price,” Uggah said in an interview after the government announced the decision for November and December in the budget on Oct. 10. “There is a need to give time for the exporters to organize the whole machinery including shipping and so on and so forth. Now we’re giving them an additional two months.”