Archived News

Kuala Lumpur: The Malaysian Sustainable Palm Oil (MSPO) Certification Scheme has been adopted as a tool for the Tokyo 2020 Olympics and Paralympic Games Sustainable Sourcing Code for palm oil, Primary Industries Minister, Teresa Kok said.

The latest European Union plan to ban palm oil has been defeated, but the anti-palm oil forces in Europe have only just begun.

SINGAPORE - Two senior executives of Singapore-based Wilmar International, the world's largest palm oil trader, have resigned, days after a Greenpeace report linked them to an Indonesian firm accused of deforestation.

JAKARTA, July 6 (Reuters) - Exports of palm oil from Indonesia, the world's top producer of the commodity used to churn out items ranging from chocolate to shampoo, fell in May from the month before, a Reuters survey showed.

Every hectare of rainforest converted to oil palm plantation releases 174 tons of carbon in the form of carbon dioxide, researchers say.

Plantation sector Maintain neutral: We see better prospects for the second half of 2018 (2H18) and maintain our average crude palm oil (CPO) price assumption of RM2,500 for 2018, supported by: i) a weaker ringgit, which is supportive of palm oil prices; ii) the Indian government’s recent move to raise import duties on other soft oils, which will boost India’s demand for palm oil in the coming months; and iii) a potential re-emergence of El Nino, which will lend support to palm oil prices. We maintain our average CPO price assumption of RM2,500 per tonne for 2018 and 2019, and our “neutral” stance on the sector.

PETALING JAYA: Newly-appointed International Trade and Industry Minister Darell Leiking sees opportunities for Malaysia in the event of a trade war between the US and China.

KUALA LUMPUR (July 4): Malaysian palm oil futures declined on Wednesday evening in a second straight session of losses, as the contract tracked weakness in related edible oils.

The Zambian government said on Wednesday that it was set to become a net exporter of palm oil in the region once its palm production projects becomes fully operational.

KAJANG: The Malaysian Palm Oil Board (MPOB) will not be complacent with its achievements in research and development (R&D), and will continue to engage stakeholders to obtain fresh technology and products.

KUALA LUMPUR (July 4): Malaysia's palm oil inventories are forecast to have dropped to a nine-month low in June as production in the world's second largest producer fell faster than exports, according to a Reuters survey

ISLAMABAD: Palm oil worth US$ 1.888 billion and soyabean worth US$ 125.181 were imported into the country during 11 months of financial year closed on June 30, 2018 to fulfill the domestic requirements as compared the corresponding period of last year.