MEDIA AND RESOURCE CENTER

Hoteliers urged to promote palm oil benefits to tourists

14-Jun-2019
The Ministry of Primary Industries has called on hotel operators to play their part and promote palm oil benefits to foreign visitors. Its Minister Teresa Kok said they could do so when serving foreign diners at their restaurants, as well as offering premium palm oil as a condiment. "We hope that the hoteliers can play their role by soft-selling our palm oil to the tourists in order to promote our own product," said Kok after ‘Love our Palm Oil’ programme with Penang Hoteliers Association and Penang Chefs Association, here today.

Malaysian palm oil price opens lower tracking weaker related oils(Update)

12-Jun-2019
Malaysian palm oil futures edged lower in early trade on Wednesday, weighed down by weaker overnight soyoil on the U.S. Chicago Board of Trade (CBOT) and a fall in oil prices. The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was last down 0.4% at 2,000 ringgit ($480.31) per tonne.

Malaysian palm oil price drops nearly 2pct to one-month low

11-Jun-2019
Malaysian palm oil futures fell nearly 2% on Monday to their lowest in a month, weighed down by losses in soyoil on the U.S. Chicago Board of Trade (CBOT) and weaker export demand. The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was down 1.7% at 1,994 ringgit ($479.10) per tonne at the close of trade. It earlier fell as much as 1.8% to 1,991 ringgit, its weakest since May 14.

CPO futures likely to trade lower next week

10-Jun-2019
The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade lower next week with prices ranging between RM1,900 and RM1,950 per tonne amid expectations of a stronger ringgit against the US dollar. Interband Group of Companies senior trader Jim Teh said lower CPO prices would probably attract buyers.

Primary Industries Ministry encourages palm oil smallholders to get MPSO certification

03-Jun-2019
JASIN, June 1 — The Primary Industries Ministry and Malaysian Palm Oil Board will continue to raise awareness amongst oil palm smallholders to comply with standards under the Malaysian Sustainable Palm Oil (MSPO) certification programme.

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