Palm Oil


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We are not palm oil enemy, says French envoy

KUALA LUMPUR: The European Union (EU) and France are not the enemy of palm oil and the market will continue to be open for the crop especially now with the Pakatan Harapan government's credible policies in safeguarding the environment.

Malaysian palm oil price jumps 3%, snaps losing streak

KUALA LUMPUR: Malaysian palm oil futures jumped by nearly 3 percent on Tuesday, recovering from a more than five-month low in the previous trading session, tracking gains in related edible oils.

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange rose 2.8 percent to 2,040 ringgit ($491.92) a tonne by the close for its strongest daily gain in two months. It had earlier risen as much as 2.9 percent to 2,042 ringgit.  Palm previously fell for seven days running, losing 5 percent of its value last week.

Malaysia’s April palm oil stocks expected at six-month low

KUALA LUMPUR: Malaysia’s palm oil stocks likely fell to a six-month low by end-April, according to a Reuters survey, recording a second straight month of declines as a slight gain in exports outpaced a dip in production.

Survey respondents also indicated they expected April production to ease to 1.64 million tonnes, down 1.9% from March.

Axiata, Digi drive KLCI to higher close

KUALA LUMPUR: Positive corporate newsflow from Axiata/Telenor’s proposed non-cash merger of their Asia operations under a new entity helped power Bursa Malaysia to a higher close.

Malaysia April palm stocks expected at six-month low

KUALA LUMPUR: Malaysia's palm oil stocks likely fell to a six-month low by end-April, according to a Reuters survey, recording a second straight month of declines as a slight gain in exports outpaced a dip in production.

Malaysia's palm oil stocks likely fell to a six-month low by end-April, according to a Reuters survey, recording a second straight month of declines as a slight gain in exports outpaced a dip in production.

‘Controls on biofuel use will misfire’

Singapore: Franky Widjaja, head of one of the world’s biggest palm plantation companies, warns that the European Union’s (EU) plans to restrict use of the tropical oil in biofuel will misfire as the move will hurt growers and jeopardise future supplies of the vegetable oil.

Palm oil titan warns EU limits on biofuel use will backfire

SINGAPORE: Franky Widjaja, head of one of the world’s biggest palm plantation companies, warned that the European Union’s plans to restrict use of the tropical oil in biofuel will misfire as the move will hurt growers and jeopardize future supplies of the vegetable oil.

The world needs palm oil as supplies from alternative oilseeds just won’t be enough to meet rising demand for food and fuel.

CPO futures likely to trade within tight range next week

KUALA LUMPUR: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are likely to trade within a tight range of between RM2,050 and RM2,150 a tonne next week on lack of fresh leads, said a dealer.