NEWS FEED
  • 26 February, 2015
    Parliament Group Supports State’s Palm Oil Industry
    KUCHING: The European Conservatives and Reformists Group (ECR) of the European Parliament has given its full backing to the state’s palm oil industry amid strong criticisms from European non-governmental organisations (NGOs) on the crop’s alleged damaging impact on the environment. The parliament’s Committee on Agriculture and Rural Development member Richard Ashworth said ECR would defend the state’s palm oil cultivation practice against the passing of European laws that could affect the production of palm oil in the country.
  • 26 February, 2015
    Malaysian palm oil/Vegoils: Market factors to watch Thursday Feb 26
    Malaysian palm oil futures gave up early gains to end lower on Wednesday after a growers' group unexpectedly forecast February yields to pick up. Sentiment was further dampened by weak export data and a stronger ringgit.
  • 26 February, 2015
    In Palm-Oil Market, Optimism Over Biodiesel Subsidy Fades
    Indonesia’s renewed push this month to increase the use of biofuels made from palm oil initially helped pump up prices of the commodity. But that optimism is already fading, as traders reckon with an overall weak backdrop in demand for palm oil, which is used in products ranging from lipstick to biscuits and detergents. The global benchmark palm-oil futures price traded on the Bursa Malaysia Derivatives exchange jumped nearly 10% in early February after the Jakarta government said it will more than double the subsidy for biodiesels to 4,000 rupiah a liter (31 U.S. cents), from 1,500 a liter now. The increase, announced Feb. 2, is expected to take effect as soon as next month. Biofuels in Indonesia are made primarily from a palm-oil feedstock.
  • 24 February, 2015
    Crude palm oil to trade between RM2,000 to RM2,500 in 2015
    KUALA LUMPUR: CIMB Equities Research continues to expect crude palm oil (CPO) to trade in the range of RM2,000 to RM2,500 per tonne in 2015. It said on Monday that it sees near-term price support from the low stockpiles and wet weather conditions in some estates. “As we head into the second quarter, CPO demand will need to rise to absorb the higher supply for pricing to stay at current levels,” said the research house.
  • 24 February, 2015
    Malaysian palm oil/Vegoils: Market factors to watch on Tuesday Feb 24
    Malaysian palm oil futures fell to their lowest level in 2-1/2 weeks on Monday when the market reopened after the Lunar New Year holiday as losses in rival soyoil markets plus sluggish export demand outweighed a drop in the ringgit.
  • 23 February, 2015
    Crude Palm Oil Weekly Report – Feb 21, 2015
    Malaysian palm oil futures dropped lower on Wednesday to 2,300 as the price remained consolidate condition while traders and investors prepared for the Lunar New Year long weekend. Future Crude Palm Oil (FCPO) benchmark May 2015 contract settled at 2,300 on Wednesday, down 47 points or two per cent from 2,347 last Friday. Trading volume decreased to 80,110 contracts from 219,733 contracts from last Monday to Friday while there is only two and half trading days in this week due to Bursa Malaysia Derivative market closed for the Lunar New Year break.
  • 17 February, 2015
    Malaysia Extends Zero Duty on Crude Palm Oil Exports
    PETALING JAYA: Malaysia is extending the zero duty on crude palm oil (CPO) exports for March based on the newly released CPO gazetted price at RM2,232.88 per tonne yesterday, which is still below the RM2,250 per tonne price threshold that will trigger the export duty. The exemption on CPO export duty has taken many by surprise especially after the Government announced last week on the possibility of resuming the export duty regime that had been suspended since September last year. “Many industry players and analysts had anticipated that the CPO export tax would resume in March given the recovery in the locally delivered CPO prices currently hovering at RM2,290-RM2,300 per tonne – higher than the threshold price,” an industry source told StarBiz yesterday.
  • 17 February, 2015
    Environmentally Aware Dinnerware
    The PASSION for sustainable living was what got Ayamany Sinakalai, the managing director of Jesa Enterprise Sdn Bhd, to start his business. The company creates dinnerware from palm tree leaves. “My passion for sustainable and community living led me this far,” beams Ayamany. According to Ayamany, when he was chairman of the Jalan Carey Rukun Tetangga in Petaling Jaya, he was actively involved in community work, including community cleanups. He says he was horrified when he saw plastic and polystyrene plates and cups littering drains and various other sites.
  • 16 February, 2015
    Palm Oil Can Help Minimise Cancer Risks
    IN the past few decades, cancer has fast become a dreaded disease that threatens human lives. However, a number of treatment approaches to prevent it at an early stage are also gaining steam. One of the preventive approaches, which has been tested in many cancer models, is through the use of palm-based Vitamin E tocotrienols. There are two forms of vitamin E — tocotrienols and tocopherols. They exist naturally in some vegetables. Palm oil is a rich source of tocotrienols and tocopherols — 70 per cent of the vitamin E in palm oil is tocotrienols while the remaining 30 per cent is tocopherols.
  • 16 February, 2015
    CPO Export Tax to Resume
    PETALING JAYA: Malaysia will likely impose a 4.5% crude palm oil (CPO) export tax next month, thus putting an end to the zero-duty on exports enjoyed by many upstream oil palm players in the past six months. Industry sources say the projected 4.5% export tax on CPO, slated to be announced early next week, is based on the current reference price of the commodity of about RM2,293 per tonne, which surpassed the minimum threshold of RM2,250 per tonne (for CPO exports to be taxed).