Archived News

Malaysian palm oil futures edged higher at the midday break on Thursday, in line to chart a first day of gains in five, on expectations of slowing February output in line with seasonal trend.

The European Commission, the entity responsible for negotiating trade deals on behalf of the European Union, announced last week that they will now allow soybeans grown in the United States to be used for biofuel in the EU. This move came as part of a campaign to improve trade relations with the United States. The European Commission’s statement stipulates that the allowance of U.S. soybeans for use in biofuels will be valid until July 1, 2021, with a possible extension if the deal meets the sustainability criteria set by the EU in the future (2021-2030).

Malaysia's economy expanded 4.7% on an annual basis in the final quarter of 2018, ending the quarterly falls that began a year ago, as private spending resumed after the historic change of government last May.

Renewable ethanol association ePure’s secretary general Emmanuel Desplechin has responded to the EU Commission’s draft surrounding high risk indirect land-use change (ILUC) biofuels and the shift of focus away from unsustainable sources of palm oil.

A letter has been sent to US congress about a multi-year extension of the biodiesel tax incentive.

Pak-Malaysia Business Council is playing a vital role in facilitating the business between the two countries. Pakistan and Malaysia have strong business relationship since 1970 when Pakistan imported palm oil from Malaysia for the first time.

When things are travelling along smoothly, we often don’t take the time to consider changed circumstances looming ahead that might take us on a bumpy ride.

An economist has warned that Sabah needs to shift its focus from a resource extraction economy to a more sustainable manufacturing and agriculture-based economy or suffer the consequences.

Malaysian palm oil futures jumped more than 1 per cent in the second half of trade on Thursday, ending the day higher on expectations of slowing February output in line with seasonal trend and improving exports.

Last month, Jonathon Porritt stated in his edie blog that the intent of the Changing Markets Foundation was to 'undermine the creditability of certification schemes' without suggesting alternatives. As the Foundation's campaign's director, I was surprised by this accusation and feel compelled to provide my own response.

Palm oil imports declined by 2.31 per cent to 8,15,236 tonne in January from the year-ago period, industry body Solvent Extractors Association (SEA) said Thursday. It, however, indicated higher shipments of RBD palmolein in coming months from Malaysia due to lower duty.

Malaysia has been using Blockchain Technology in three of the country’s largest industries today, namely Renewable Energy, Palm Oil Industry, and the Islamic Banking Sector.