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African oil palms have been used for producing edible palm oil for millennia. Archaeological evidence suggests the tree was imported to Ancient Egypt from its native West Africa by around 3,000 BC. Nowadays palm oil is used worldwide, with Indonesia and Malaysia the largest producers. There, the palm oil industry has courted controversy for causing widespread deforestation, the collapse of biodiversity and significant greenhouse gas emissions as forests are burnt to make way for plantations.

KUALA LUMPUR -- The Malaysian Felda Youth Council (MBFM) and the Malaysian Youth Council (MBM) today jointly protested against the resolution by the European Union (EU) that only environmentally sustainable palm oil could be exported to EU after 2020.

WWF-Malaysia strongly opposes the conversion of forest reserve land to oil palm plantations. Earlier this month, it was announced that TDM Berhad had accepted 4,515 hectares of land offered by the Terengganu State Government for its domestic oil palm plantation expansion plan.

SINGAPORE (Jan 16): The palm oil third-month contract may rise into a range of 2,577-2,612 ringgit per tonne, as it has found a support at 2,519 ringgit.

New Delhi, Jan 15 (PTI) Crude palm oil prices shed 0.13 per cent to Rs 557 per 10 kg in futures trading today due to weak advices from spot market on tepid demand.

A number of US retailers, including Ahold Delhaize, Albertsons and Target, have joined with global food manufacturers such as Kellogg and Kraft Heinz to form the North American Sustainable Palm Oil Network (NASPON).

Plantation counters have risen as much as 13% in value since the government announced the suspension on export taxes for crude palm oil (CPO), as the country seeks to cut inventories and protect the interest of over 600,000 smallholders.

Market sentiment has turned more bearish on European RME biodiesel prices, with RME's premium to FAME 0 now expected to narrow toward the end of February.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday Jan 15.

PALM oil is again being persecuted as the bad boy in the ongoing climate change debate. It is being blamed for deforestation, contributing to global warming.

KUALA LUMPUR: The Federal Land Development Authority (Felda) will send a petition with about 100,000 settlers’ signatures to the embassies of European Union (EU) members here on Jan 16 to protest the bloc’s plan to ban palm oil from entering its market.

KUCHING: The Sarawak Oil Palm Plantation Owners Association (Soppoa) fully supports bringing in Cambodians to overcome the labour shortage in the state’s plantation sector.