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Malaysian palm oil producers up perks to retain foreign workers
AFTER five years of often back-breaking work on a Malaysian palm oil plantation, Bangladeshi national Babul told his employer this month he was ready to call it quits.
Feature: Planting hope in new pastures
THE Covid-19 pandemic has affected the rice bowls of many Malaysians. Some have lost jobs while others face salary cuts – the fallout from the movement control order (MCO) as the government sought to minimise the impact of the pandemic. The youth are especially hard hit.
CPO futures to trend higher next week
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trend higher next week on the expectation of higher April production, with the price is likely to trade below RM2,000 per tonne.
Sabah palm oil firms want private jetties to be reopened
KUALA LUMPUR: The Malaysian Palm Oil Association – Sabah (MPOA-Sabah) is appealing to the Sabah Port Authority (SPA) and other state authorities to allow the plantation companies’ private jetties to reopen so they can ship out their oil palm products.
Low commodities demand seen in the short term
THE commodity-related industries in Malaysia are grappling with the coronavirus (Covid-19) turmoil that has led to the current depressed prices and gloomy export outlook in the coming months.
Sabah oil palm players could lose RM860mil from closure of estates and mills
PETALING JAYA: Sabah will likely suffer a loss of revenue of about RM860mil from the one-month closure of its oil palm estates and mills due to the Covid-19 lockdown, warn two major oil palm associations.
Strict SOP for planters to fight Covid-19, says MPOA
So far no reported cases of virus outbreak in estates
CPO futures to remain cautious next week
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to remain cautious next week as traders await the latest supply and demand data scheduled to be released by the Malaysia Palm Oil Board (MPOB) on Tuesday.
CPO futures to stay at current level next week
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to consolidate at current levels next week.
Navigating around India’s palm oil ban
PLANTATION companies with high-capacity refineries will need to quickly source new export markets for their refined palm oil products, should India’s unofficial boycott on Malaysia take a turn for the worse in the coming months.