Archived News

KUCHING: There is no scientific basis for the European Union’s (EU) proposed call to ban palm oil as biofuel, says the Sarawak Oil Palm Plantation Owners Association (Soppoa).

Indonesia says it is “disappointed” with the European Parliament’s decision to approve the EU bill on clean energy, which will limit the use of palm oil, saying many in Indonesia still rely on palm oil for their livelihood.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday Jan 19.

KUALA LUMPUR: Kenanga Research has maintained its Neutral outlook on the plantations sector as downside on higher production is partly offset by crude oil price appreciation raising the price floor.

Palm oil exports to the EU are expected to continue declining on a gradual basis, although the proposed ban of palm oil usage in the biofuel mix by the political and economic bloc will only be realised in 2021, said the Malaysian Palm Oil Board (MPOB).

KUALA LUMPUR (Jan 18) -- Malaysia will take necessary actions to secure the future of palm oil sector, the plantation industries and commodities minister said Thursday after the European Union's parliament voted to exclude palm oil in its bio-fuel mix.

KUALA LUMPUR: Malaysian palm oil futures fell to a three-week low on Thursday on concerns that demand could take a hit from a European Union move towards banning the use of palm oil in biofuels.

BRUSSELS: European Union ambassadors agreed on Thursday to withdraw an appeal to the European Court of Justice meaning the bloc will have to accept its verdict annulling anti-dumping duties imposed on imports of biodiesel from Argentina and Indonesia.

PUTRAJAYA: Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong has condemned the decision by the European Union (EU) Parliament on Wednesday to ban the usage of palm oil in the economic bloc’s biofuels programme by 2021.

KUALA LUMPUR: Palm oil output in Malaysia, the world’s No.2 producer of the commodity, will rise by 3 percent in 2018, an industry body forecast on Thursday.

PUTRAJAYA: The European Union (EU) Parliament is wrong in voting to ban palm biodiesel, LMC International Ltd chairman Dr James Fry said, adding that continuous rejection in favour of homegrown rapeseed will see European consumers paying more for food.

KUALA LUMPUR, Jan 18 — Palm oil production in Malaysia, the world’s second-largest producer of the edible oil, will rise by 3 per cent in 2018, an industry body forecast today.