Archived News

08/10/2024 (New Straits Times), Kuala Lumpur - The cancellation of crude palm oil purchases from Malaysia by Indian refiners, following a 20 per cent hike in import taxes, is seen as temporary.

08/10/2024 (Reuters), Kuala Lumpur - Palm oil is likely to trade around 4,000 ringgit ($933.49) per metric ton in 2025, an executive of consultancy Glenauk Economics told an industry conference on Tuesday.

08/10/2024 (Malay Mail), Kuala Lumpur - Malaysia said today it hopes European lawmakers will be “more accommodative” on sustainable policies, following a proposal by the European Commission last week to delay the implementation of a law that would ban imports of products linked to deforestation.

07/10/2024 (Mobility Plaza) - ENOC Group has unveiled its world-first ENOC Link solar-powered biodiesel truck at the Water, Energy, Technology and Environment Exhibition (WETEX) 2024.

09/10/2024 (The Star), Petaling Jaya - The competition in the palm oil downstream segment may intensify in the second half of the year following the recent restructuring of tax policy in Indonesia, giving Indonesian downstream players an extra edge over their Malaysian counterparts.

07/10/2024 (The Edge Malaysia), Kuala Lumpur - Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher on Monday, bolstered by strength in the crude oil market amid escalating tensions in the Middle East, said palm oil trader David Ng.

08/10/2024 (Farmtario) - Palm oil production in Malaysia is projected to ease back in 2024/25 as compared to the previous year, said the United States Department of Agriculture (USDA) attaché in Kuala Lumpur.

07/10/2024 (The Edge Malaysia) - There is a growing focus on environmental, social and governance (ESG) practices in the palm oil industry, with Malaysia — one of the largest palm oil producers in the world — at the forefront of this movement. The country has pledged to conserve biodiversity and prevent illegal deforestation, committing to maintain at least 50% forest cover. True to its word, 54.9% of Malaysia remained forested as at December 2023, it published in the Fourth National Communication Report to the United Nations Framework Convention on Climate Change

07/10/2024 (Policy Circle) - Edible oils mission: The government has taken a significant step to reduce the country’s dependence on imported edible oils. The Union Cabinet recently rationalised 18 centrally sponsored schemes of the agriculture ministry, with a total allocation of Rs 101,321 crore, into two key programmes. Among these is a National Mission on Oilseeds with an outlay of Rs 10,103 crore.

07/10/2024 (BBC) - A new machine that repairs potholes while being fuelled on vegetable oil will be deployed across all of a county's rural roads.

07/10/2024 (Manifold Times) - Solstad Offshore on Thursday (3 October) said it is now offering certified renewable biodiesel to its clients to decarbonise existing offshore vessels in the transition period towards zero-emission technologies in the future.

06/10/2024 (Bernama), Kuala Lumpur - The MADANI government remains committed to bolstering the country’s palm oil industry, Prime Minister Datuk Seri Anwar Ibrahim said.