NEWS FEED
  • 22 February, 2018
    Production fall stirs buying interest in palm oil
    Malaysian palm oil futures rose marginally on Wednesday, as lower production numbers stirred some interest despite slower buying from India capping the gains. The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange was up 0.16% at 2,489 ringgit (US$638.21) a tonne. Trading volumes were robust, with 55,723 lots of 25 tonnes each during the first half.
  • 22 February, 2018
    Report: Malaysia seeks UK support in palm oil row with EU, eyes post-Brexit trade deal
    Malaysia is seeking UK’s support to scrap the European Union’s palm oil ban, and is agreeable to sign a free trade deal after Brexit, according to a report. UK’s The Telegraph yesterday reported that senior Malaysian officials flew to London last week to remind the British government of the close trade ties between the two countries and hinted at sanctions if the ban came into effect. Branding the move as a form of “crop apartheid”, Plantation Industries and Commodities minister Datuk Seri Mah Siew Keong told the UK daily that he was looking to Britain for support due to “close historical ties and good relationships as Commonwealth countries.”
  • 21 February, 2018
    Palm oil falls on slowing exports
    Malaysian palm oil futures fell in early trade on Tuesday, as export growth slowed and sustained strength in the ringgit marred sentiment. The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange was down 0.68% at RM2,498 a tonne at noon, reversing Monday’s gains. Palm had hit its lowest since Feb 9 on Monday, before rebounding to a gain at the day’s close. Trading volumes stood at 10,627 lots of 25 tonnes each. “Exports are slowing slightly, compared to earlier this month when the numbers were up nearly 15% in the first ten days of February,” said a Kuala Lumpur-based trader.
  • 21 February, 2018
    No strong palm oil rally seen this year
    PETALING JAYA: The current weak La Nina weather phenomenon is not likely to push crude palm oil (CPO) prices to the RM3,000-per-tonne level this year.
  • 21 February, 2018
    Malaysian palm oil/Vegoils: Market factors to watch Wednesday Feb 21
    KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday Feb 21
  • 20 February, 2018
    Malaysian palm oil price rises from one-week low, gains on better demand outlook
    Malaysian palm oil futures rose from a one-week low hit early on Monday, lifted by prospects of better export demand to end the trading day up 0.4 percent. The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange was up 0.4 percent at 2,515 ringgit ($646.70) a tonne at the close of trade, its second consecutive session of gains. It earlier fell to 2,485 ringgit, its lowest level since Feb. 9.
  • 20 February, 2018
    Sunda pangolin totally protected
    SANDAKAN: The Sunda pangolin has been upgraded to a totally protected species in Sabah, and joins the ranks of the Orangutan, Sun Bear and several other iconic species found in the state.
  • 20 February, 2018
    Palm rises from one-week low, gains on better demand outlook
    KUALA LUMPUR (Feb 19): Malaysian palm oil futures rose from a one-week low hit early on Monday, lifted by prospects of better export demand to end the trading day up 0.4%.
  • 20 February, 2018
    Unilever discloses palm oil sources, could prompt widespread industry change
    19 Feb 2018 --- Unilever has taken a pioneering stance on its palm oil supply chain by being the first consumer goods company to publish in full a dossier of all the suppliers and mills that it sources from. The rare industry move is designed to show the company’s commitment to transparency. This is a radical step in palm oil supply chain transparency with Unilever considering the full disclosure a “milestone” in its journey towards a more sustainable palm oil industry.