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MARKET DEVELOPMENT  
  18-01-2019

Malaysia plans to double palm oil use in biodiesel by 2020 — govt

Malaysia plans to double the mix of palm oil in its biodiesel programme by 2020 in a bid to reduce high domestic stockpiles and boost sustainable energy sources, the government said on Thursday.

MARKET DEVELOPMENT  
  18-01-2019

Slow replanting of palm a blow to Indonesia's efforts on environment

An ambitious scheme to replant about a fifth of the land under palm oil in Indonesia is running far behind schedule, marking a blow to efforts by the world's top producer to lift yields and fend off attacks on the sustainability of the crop

MARKET DEVELOPMENT  
  18-01-2019

Palm oil must seek new demand ahead of EU curbs, says Sime

Palm oil industry needs to find new sources of demand to offset potential losses from the European Union’s move to ban palm-based biodiesel, according to Mohd Haris Mohd Arshad, Chief Operating Officer for downstream business at Sime Darby Plantation

MARKET DEVELOPMENT  
  18-01-2019

WHO should retract and rectify wrongful allegations against palm oil industry

Malaysia wants World Health Organisation (WHO) to retract and rectify its recent wrongful allegations of likening palm oil marketing to that of lobbying tobacco and alcohol.

MARKET DEVELOPMENT  
  18-01-2019

Indonesian NGOs warn EU of environmental and humanitarian risks of palm oil-based biofuels

In an open letter to the European Commission, a group of Indonesian non-state actors have warned of forest destruction, land grabbing, human rights violations and corruption linked to the support of palm oil-based biofuels

MARKET DEVELOPMENT  
  18-01-2019

Johor in talks with Cyprus on importing oil palm

The state government is in discussion with Cyprus on the possibility of importing palm oil from Johor, says Mentri Besar Datuk Osman Sapian.

MARKET DEVELOPMENT  
  18-01-2019

The Trump administration is reportedly considering lifting some tariffs on China to help get a trade deal done

Treasury Secretary Steven Mnuchin and some Trump administration officials are pushing for the US to lift tariffs on Chinese goods to calm worried investors and get Beijing on board with a larger trade deal, according to a new report

MARKET DEVELOPMENT  
  18-01-2019

Indonesia's palm oil output seen rising 10% in 2019 — GAPKI

Indonesia's palm oil production is expected to rise by 10% this year, the country's industry association said on Thursday

MARKET DEVELOPMENT  
  18-01-2019

Indonesian civil society pleads with the EU to phase out palm oil-based biofuels

Crunch time approaches for a proposed policy change regarding palm oil and biofuels in Europe

MARKET DEVELOPMENT  
  18-01-2019

Kok urges palm oil industry players to ‘aggressively’ engage EU

MALAYSIA’S palm oil industry players must continue to aggressively engage the European Union to prevent the biofuel from being sidelined on the basis that it indirectly emits greenhouse gases during planting and cultivation

MARKET DEVELOPMENT  
  17-01-2019

Malaysian palm oil/Vegoils: Market factors to watch Thursday Jan 17

The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday Jan 17

MARKET DEVELOPMENT  
  17-01-2019

Govt hopes to conclude RCEP talks by end-2019 — Miti

Malaysia hopes that negotiations on the Regional Comprehensive Economic Partnership (RCEP) can be concluded by the end of this year to enable Malaysian companies to expand their export markets, Deputy International Trade and Industry Minister Dr Ong Kian Ming said yesterday.