17 July 2019, Wednesday | 03:30am

Palm Oil

ECRL deal including palm oil purchase from Malaysia a positive move

KUALA LUMPUR: The inclusion of palm oil purchase by China in the East Coast Rail Link (ECRL) potential revival deal is positive as it could allow Malaysia to potentially lock in higher palm oil export volumes to the republic over the next few years, said CIMB Research.

Dr Mahathir, Jokowi mount protest to EU over palm curbs

JAKARTA/BRUSSELS: Indonesian President Joko Widodo (Jokowi) and Malaysian Prime Minister Tun Dr Mahathir Mohamad have signed a joint letter of objection to the European Union (EU) over its p

Why is palm oil bad for the environment, and what can people do to help?

Palm oil has emerged as a major source of controversy after a Christmas advert by supermarket chain Iceland was deemed too political by regulators.

Norway has not proposed to ban palm oil, says its trade minister

BANTING: Neither the Norwegian government nor its parliament has made any proposition to ban palm oil, said the country’s Trade and Industry Minister Torbjørn Røe Isaksen.

Malaysia exploring new markets for palm oil: MPOC

PUTRAJAYA: Malaysia is consistently looking for new markets to promote palm oil while enhancing its existing markets with a focus on ASEAN countries this year, said chief executive officer of Malaysian Palm Oil Council (MPOC) Datuk Dr

Malaysian palm oil price hits 8-week high, tracking stronger edible oils

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange was up 2 percent at 2,198 ringgit ($526.21) a tonne at the close of trade. Earlier, it climbed as much as 2.1 percent to 2,200 ringgit, its strongest levels since Oct. 24.

Malaysian palm oil price in biggest fall in 21 months as Indonesia axes export levy

At Monday's close, the benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange was down 3.9 percent at 1,965 ringgit ($469.42) a tonne. That was its biggest one-day dip since Feb. 16 last year. Traded volumes stood at 53,531 lots of 25 tonnes each.

In defence of Palm Oil

Malaysia is a country that is built for business and trade. We are relatively small geographically and in population terms, but we have a dynamic economy, a skilled and educated workforce, and we are situated at the crossroads of strategically important trading routes.

Malaysian palm oil price edges down on overnight soyoil losses

The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange was down 0.1 percent at 2,171 ringgit ($536.78) a tonne at the end of the trading day, near a three-year low hit on Friday. Trading volume stood at 61,574 lots of 25 tonnes each.

Malaysia trims palm stockpiles as output at 10-month low

A seasonal decline in production in the coming months may help further trim stockpiles and counter sluggish demand from buyers including China and India. — Reuters pic