NEWS FEED
  • 6 December, 2016
    MPOC: Demand from China showing signs of picking up
    There are signs that China’s palm oil imports, which have fallen in recent years, are picking up again, said the Malaysian Palm Oil Council (MPOC). “There are many reasons for the slowdown in palm oil orders from China in the last few years. What is important and reassuring is that we are seeing signs of recovery in purchase orders in the last three months,” said MPOC chief executive officer Tan Sri Dr Yusof Basiron. “We are seeing month-to-month pick-up in demand from China. We hope to see this encouraging trend pick up in the months ahead as global palm oil supply remains tight due to biodiesel mandates in Indonesia and Malaysia,” he told Business Times in an interview.
  • 6 December, 2016
    Oil palm planters to benefit from strong dollar, limited supply
    Oil palm planters can look forward to encouraging palm oil pricing on the back of a strong US dollar and limited supply of the oil as palm trees are still recovering from the El Nino weather phenomenon. In the past two years, oil palm trees have been bearing less fruit. This year, palm oil production in Indonesia and Malaysia, which account for 85 per cent of the global supply, is forecast to fall by five per cent to 58.8 million tonnes. In an interview with Business Times, Malaysian Palm Oil Association (MPOA) chairman Datuk Franki Anthony Dass said next year’s oil palm fruit production should recover from the El Nino but the rise in quantum is difficult to forecast.
  • 6 December, 2016
    Uptick in CPO prices to benefit Malaysian planters
    Weak output and tightening inventories will drive up crude palm oil (CPO) prices, a credit positive for Malaysia’s palm oil producers, say analysts. In the first 10 months of the year, palm oil futures on Bursa Malaysia Derivatives Exchange averaged at around RM2,500 per metric tonne (MT) and as global stocks come down further, CPO prices are set to gain momentum.
  • 6 December, 2016
    TN50 builds on our plans for the future
    THE 2017 Budget, which was unveiled recently, introduced a new element to chart the nation’s future. Branded TN50, the idea was well received and timely. TN50 (Tranformasi Nasional 2050) will continue the nation’s planning for the future after Vision 2020. It was created to drive national discourses on the future of the country, and who better to engage and anchor such an initiative than our youth? This is why the initiative is parked under the Youth and Sports Ministry.
  • 5 December, 2016
    Malaysian palm oil/Vegoils: Market factors to watch Monday Dec 5
    KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday Dec 5. FUNDAMENTALS * Malaysian palm futures hit their highest in more than four years on Friday before easing to close in negative territory on weakness in related oils and a stronger ringgit.
  • 5 December, 2016
    MSPO a game-changer
    Lee Yeow Chor: I believe that the MSPO could potentially be a game changer for the Malaysian palm oil industry in terms of sustainability. It has been two years since it was first introduced but being voluntary and having insufficient promotion, there has been a lukewarm response from producers.
  • 5 December, 2016
    Eye on the competition
    IN recent years, Malaysia seems to be losing its market share particularly to Indonesia in major traditional export markets. Is this an indication that Malaysia is losing its competitive edge? How do we address this issue?
  • 5 December, 2016
    Palm oil on the global stage
    At the fifth The Star Roundtable on Palm Oil held recently at Menara Star in Selangor, industry captains – IOI Corporation Bhd CEO Datuk Lee Yeow Chor, Malaysian Palm Oil Council CEO Tan Sri Dr Yusof Basiron, United Plantations Bhd vice chairman and chief executive director Datuk Carl Bek-Nielsen, Felda Global Ventures Holdings Bhd group president and CEO Datuk Zakaria Arshad, Kuala Lumpur Kepong Bhd CEO Tan Sri Lee Oi Hian and Sarawak Oil Palms Bhd group CEO Paul Wong – joined in the forum led by The Star’s executive editor Errol Oh. With 2017 marking 100 years of commercial oil palm cultivation in the country, the roundtable assessed the industry and the challenges it faces; market competition; MSPO and RSPO certification and standards; and the road ahead
  • 5 December, 2016
    Issues with the RSPO
    At the fifth The Star Roundtable on Palm Oil recently, industry captains – IOI Corporation Bhd CEO Datuk Lee Yeow Chor, Malaysian Palm Oil Council CEO Tan Sri Dr Yusof Basiron, United Plantations Bhd vice chairman and chief executive director Datuk Carl Bek-Nielsen, Felda Global Ventures Holdings Bhd group president and CEO Datuk Zakaria Arshad, Kuala Lumpur Kepong Bhd CEO Tan Sri Lee Oi Hian and Sarawak Oil Palms Bhd group CEO Paul Wong – discussed RSPO and MSPO certification and standards.