Palm Oil News

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IOI Corp Bullish on Palm Price in Q3

IOI Corp, Malaysia’s second-largest palm oil producer, is confident the tropical commodity will maintain this year’s rally in the third quarter, aided by higher prices of substitute soybean oil. “We’re bullish on the price outlook” in the next three months, IOI executive director Lee Yeow Chor said ...

Dompok Sees Tocotrienols in New Light

Would you believe that palm oil vitamin E can help prevent death from stroke, heart attack and cancer? When Plantation Industries and Commodities Minister Tan Sri Bernard Dompok was presented with a set of questions on palm oil vitamin E, he did not think too much of it until he received feedback fr...

Plantation: Dependency On Foreign Workers To Be Tackled By 2020

TAIPING, June 28 (Bernama) — The plantation industry’s dependency on foreign workers is expected to be tackled by 2020, Deputy Plantation Industries and Commodities Minister Datuk Hamzah Zainuddin said today. He said this was because the government was in the midst of intensifying effort...

MPOC CEO: Palm Oil has Become Important Revenue Earner

AMID the industry’s quest for sustainability and environmental protection, oil palm planters from Malaysia and Indonesia have been urged not to yield to the demands of non-governmental organisations (NGOs) and environmentalists who are targeting deforestation. Sharing global resources should mean sh...

Palm Futures Track Oil, Soybeans Lower

Palm oil futures yesterday tracked crude oil and soybeans lower on concern the global recession will slow demand for its use in food and fuel applications. Soybean oil is a substitute for palm oil, and changes in the price can influence trends in the tropical commodity. The World Bank has said the g...

Palm Oil Exports Up from May

PETALING JAYA: Palm oil exports from June 1 to June 25 rose 3.9% compared to the same period last month. Cargo surveyor Intertek said 1.01 million tonnes of palm oil were tracked in the period compared to May’s 979,327 tonnes.Crude palm oil (CPO) third-month futures was up RM58 to RM2,308 per tonne....

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