Tag: Palm Oil
Malaysia and Indonesia Launch Joint Haze Task Force
Malaysia , November 18, 2024
In a landmark step toward tackling Southeast Asia’s recurring haze crisis, Malaysia and Indonesia have formed a joint task force...
Malaysia’s palm oil stocks slide 6.56% in Feb
The Malaysian Palm Oil Board reported a 6.56% decrease in palm oil stockpiles to 2.11 million tonnes in February 2023. Crude palm oil stocks fell 7.69% to 1.16 million tonnes, while production declined 9.35% to 1.25 million tonnes. Oleo-chemical exports increased 8.13% to 228,088 tonnes.
Boustead Plantations expects continued volatility in palm oil prices
Boustead Plantations Bhd expects continued palm oil price volatility amid rising production costs, including higher minimum wages and increased fertilizer and diesel prices. The company remains optimistic about cost management and crop enhancement strategies to improve profitability in the coming year.
Malaysia end-August palm oil stocks hit 2 million tonnes for first...
Malaysia's palm oil inventories climbed 14.5% to 2.03 million tonnes by end-August, reaching a two-year high. Production increased 8% to 1.7 million tonnes, driven by favorable rainfall and moisture conditions. Experts predict September production growth might slow down as crop yields stabilize.
