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SANDAKAN (May 2): Malaysia has deferred its export duty on crude palm oil until Dec 31 this year, Primary Industries Minister Teresa Kok Suh Sim said.

Expansion of oil palm production in remote forest areas requires careful planning and evaluation if the communities are to benefit, according to a report by researchers at the University of Kent.

SINGAPORE - Olam International's joint venture with the Republic of Gabon has received the Roundtable on Sustainable Palm Oil (RSPO) certification for its Mouila Lot 3 palm plantation in Gabon, the mainboard-listed global food and agri-business said on Thursday (May 2).

Malaysian palm oil futures extended losses on Monday to hit a one-month low, weighed down by weaker related oils and crude oil

Far East said the exercise is in line with its expansion plan, and would broaden its core income base through increased plantation acreage at a reasonable cost and at a strategic location.

Malaysia's palm oil output is forecast to rise to 20 million tonnes in 2019, up from as much as 19.5 million tonnes forecast earlier, industry analyst Dorab Mistry said on Monday, though production gains would be capped by aging trees`

Farmer and civil society organizations and even Indonesia’s antitrust body, the Business Competition Supervisory Commission, have been strengthening their demand for the government to enforce laws that require plantation companies to help develop smallholder estates through commercially viable partnerships.

Malaysian palm oil futures slightly rose at its opening trade on Tuesday, after three previous sessions of losses. The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange was last up 0.1% at RM2,111 (US$510.64) a tonne

CHINA’S plan to buy an additional 1.9 million tonnes of palm oil from Malaysia over the next five years may not be enough to boost crude palm oil (CPO) prices which have been dragged by high stockpiles.

In celebration of Earth Week and to further its commitment to drive a more sustainable future, Procter & Gamble announced a new collaboration with the Malaysia Institute for Supply Chain Innovation (MISI), International Plant Nutrition Institute (IPNI) and Yara International to help improve the livelihood of smallholders within the P&G palm supply chain in Malaysia

Amidst major cuts in developmental spending, questions have been plenty about the fate of the China-Pakistan Economic Corridor (CPEC). Reports have indicated that many CPEC projects are receiving no funding from the government. In this context, Prime Minister Imran Khan has reaffirmed Pakistan’s commitment to CPEC as part of his participation in the Belt and Road Forum in Beijing

To protect domestic market, industry body SOPA Monday demanded that the government curb illegal import of refined soybean oil and palmolein from Nepal at zero customs duty under a concession granted to least developed countries in the SAARC region