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JAKARTA: Indonesia's chief economic minister, Airlangga Hartarto, said on Wednesday the government plans to increase palm oil export levies to support expansion of its palm biodiesel programme.
KUALA LUMPUR: FGV Holdings Bhd is venturing into the dairy farm business with the purchase of a majority stake in a fresh milk producer.
KUALA LUMPUR: Malaysian palm oil producers must use technology to improve yield and compensate for restrictions on land use, as the industry wrestles with concerns about sustainability, the chairman of the Malaysian Palm Oil Council (MPOC) said.
Analysts say RM120mil-RM180mil needed for venture
KUALA LUMPUR: Despite the Malaysia-India spat, crude palm oil (CPO) prices have bounced back after recording its biggest weekly drop since November 2008 last week.
Following the rally in palm oil prices, counters related to the industry on Bursa Malaysia have risen over the past weeks.
KUALA LUMPUR: Palm oil industry expert James Fry expects crude palm oil (CPO) prices to remain firm, trading above RM3,000 per tonne this year as production prospects in Indonesia and Malaysia soften.
PETALING JAYA: The strong recovery in crude palm oil (CPO) prices in the last quarter of 2019 may have improved prospects, but Kuala Lumpur Kepong Bhd (KLK) is not resting on its laurels.
KUALA LUMPUR: Kim Loong Resources Bhd said slow production recovery at its oil palm estates and a fire incident that disrupted its mill operations in Johor contributed to the decline in earnings.