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PETALING JAYA: Crude palm oil (CPO) prices will remain supported around the current level of RM2,150 per tonne although prices are expected to average slightly higher at RM2,300 per tonne next year, according to Fitch Solutions Macro Research.
JAKARTA (Reuters) - Indonesia is facing a backlash over an online campaign backing palm oil at a time when forest fires, often linked to slash-and-burn land clearance, have spread choking smoke across the region, raising growing concern about damage to health.
CHICAGO: Trump administration officials are set to meet with renewable fuel producers on Wednesday, as they seek to entice industry endorsements for a plan to bolster corn-based ethanol and soy-based biodiesel.
BUTTERWORTH: Industrial valve maker Unimech Group Bhd (UGB) plans to boost its export business under a tie-up with a Japanese strategic partner.
KUALA LUMPUR: UOB Kay Hian Malaysia Research remains positive on the recovery in crude palm oil (CPO) prices on the back of lower production growth with older-age tree profiles, slower replanting in Malaysia and a lack of fertiliser application.
KUALA LUMPUR: Malaysia’s biggest supermarket chain Mydin has removed products labelled palm-oil-free from its stores, its top executive said as part of a campaign by the world’s second-largest producer of the oil to protect the commodity’s image at home and abroad.
LONDON: British farmer Charles Matts just harvested the worst crop of his life at one of the best times to sell it.
KUALA LUMPUR: FGV Holdings Bhd is not rushing to sell its 51% stake in refined sugar producer MSM Malaysia Holdings Bhd, which has partially widened its net losses in the second quarter ended June 30
JAKARTA: Indonesia, the world's top palm oil producer, has told some retailers in Jakarta to remove food products with "palm oil-free" labels from their shops, a government official said, as it seeks to protect its key export.
KUALA LUMPUR: On the morning of Feb. 26, executives from a Washington consultancy presented a strategy paper to some of the most powerful officials in the Malaysian palm oil industry.