News
Malaysia’s palm oil production seen falling in 2024 due to El Niño – MPOB
KUALA LUMPUR: Malaysia’s crude palm oil production could drop between 1 and 3 million tonnes next year due to the El Niño weather pattern, the Malaysian Palm Oil Board (MPOB) said on Thursday. El Niño was unlikely to affect production this year as it takes about 15 to 18 months for the impact ...
Sarawak to use palm oil by-products to produce fertiliser, animal feed, says state minister
KUCHING, May 23 — Sarawak is turning towards utilising oil palm by-products as raw material to produce fertiliser, animal feed and source of energy. Sarawak Food Industry, Commodity and Regional Development Minister Datuk Seri Dr Stephen Rundi Utom said this approach was intended to cushion the impa...
Fitch group research house sees further downside ahead for palm oil prices in Malaysia
KUALA LUMPUR: BMI Industry Research, a Fitch Solutions unit, today projected further downside ahead for palm oil prices in the country before a slight recovery in the second half, reported Xinhua. The BMI said in a statement that it holds on to its average annual price forecasts for palm oil, mainta...
Palm oil gains on renewed Chinese buying
KUALA LUMPUR: Malaysian palm oil futures ended higher on Friday, lifted by renewed buying by key importer China, even as prices clocked their first weekly drop in three. The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange gained 88 ringgit, or 2.59%, to 3,4...
How the Malaysian Palm Oil Green Conservation Foundation is playing its part to save the environment and wildlife
KUALA LUMPUR, March 16 — When it comes to the environment, we are often bombarded by the sounds and images of machines clearing trees. Empty plots of jungles or forests that have been cleared to make way for development. And animals like the Pygmy Elephant, Orangutan and Malayan Tiger are losing the...
CPO production to rise starting May: Affin Hwang Investment
KUALA LUMPUR: Affin Hwang Investment Bank Bhd said production of crude palm oil (CPO) in Malaysia will rise starting in May and maybe reach a peak in September or October of this year. The investment banks said in a report today that Malaysia’s CPO production decreased significantly by 2.8 per...
