NEWS FEED
  • 9 December, 2016
    Govt calls on palm oil companies to be ‘price makers’
    PUTRAJAYA: The Government is urging local palm oil companies to go downstream and become “price makers” by embracing science, technology and innovation to reap the rewards of the sector. Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong (pic) said the commodities sector was far from being a “sunset industry.”
  • 8 December, 2016
    Tighter supply may stretch rally in palm kernel oil - traders
    KUALA LUMPUR (Dec 7): The price of palm kernel oil, trading at near six-year highs, will remain elevated until early 2017 amid tight supply before slipping, as palm production recovers, traders and manufacturers said. Costlier palm kernel oil is squeezing margins among oleochemical manufacturers which buy the raw material to make products later used to produce items such as detergent, soap and cosmetics.
  • 8 December, 2016
    CIMB Looks Ahead: Harvest better returns from palm oil firms in 2017
    SINGAPORE (Dec 7): 2017 could finally be a better year for commodities as higher fresh fruit bunches output and crude palm oil prices fuel improved earnings for upstream palm oil companies. “The key driver for 2017 earnings will be higher FFB (Fresh Fruit Brunches) yields as the El Nino effect fades,” said CIMB analyst Ivy Ng in a note on Tuesday, adding that the higher yields would reduce production costs per tonne for crude palm oil (CPO).
  • 8 December, 2016
    October exports down on-year, lower than forecast
    KUALA LUMPUR: Malaysia's exports came in lower in October 2016 from a year ago due to the higher base effect but showed an increased from September, boosted by exports to China, Indonesia and South Korea. The Statistics Department said on Wednesday exports fell RM6.5bil (-8.6%) to RM69.2bil. The decline was sharper than a forecast of a 5.6% decline.
  • 8 December, 2016
    ‘No oil palm on swampy land’
    SEREMBAN: Negri Sembilan, a major palm oil producing state, will no longer allow the palm to be grown in swampy areas and abandoned padi fields to prevent the state from “drying up”. Mentri Besar Datuk Seri Mohamad Hasan said his administration had to resort to this as many streams and sections of rivers had dried up since the crop was grown on a big scale statewide in recent years.
  • 8 December, 2016
    Higher CPO price expected in 2017
    KUCHING: The research arm of MIDF Amanah Investment Bank Bhd (MIDF Research) has raised its average crude palm oil (CPO) price assumption for 2017 higher to RM2,725 per metric tonne (MT) from RM2,450 per MT. The research firm in a report yesterday believed the CPO price will move up next year as it stands to benefit from strong US dollar, lower palm oil stockpile in the first quarter of 2017 (1Q17) and record high biofuel mandate in the US which will boost CPO price.
  • 6 December, 2016
    Oil palm planters to benefit from strong dollar, limited supply
    Oil palm planters can look forward to encouraging palm oil pricing on the back of a strong US dollar and limited supply of the oil as palm trees are still recovering from the El Nino weather phenomenon. In the past two years, oil palm trees have been bearing less fruit. This year, palm oil production in Indonesia and Malaysia, which account for 85 per cent of the global supply, is forecast to fall by five per cent to 58.8 million tonnes. In an interview with Business Times, Malaysian Palm Oil Association (MPOA) chairman Datuk Franki Anthony Dass said next year’s oil palm fruit production should recover from the El Nino but the rise in quantum is difficult to forecast.
  • 6 December, 2016
    MPOC: Demand from China showing signs of picking up
    There are signs that China’s palm oil imports, which have fallen in recent years, are picking up again, said the Malaysian Palm Oil Council (MPOC). “There are many reasons for the slowdown in palm oil orders from China in the last few years. What is important and reassuring is that we are seeing signs of recovery in purchase orders in the last three months,” said MPOC chief executive officer Tan Sri Dr Yusof Basiron. “We are seeing month-to-month pick-up in demand from China. We hope to see this encouraging trend pick up in the months ahead as global palm oil supply remains tight due to biodiesel mandates in Indonesia and Malaysia,” he told Business Times in an interview.
  • 6 December, 2016
    TN50 builds on our plans for the future
    THE 2017 Budget, which was unveiled recently, introduced a new element to chart the nation’s future. Branded TN50, the idea was well received and timely. TN50 (Tranformasi Nasional 2050) will continue the nation’s planning for the future after Vision 2020. It was created to drive national discourses on the future of the country, and who better to engage and anchor such an initiative than our youth? This is why the initiative is parked under the Youth and Sports Ministry.