Archived News
22-03-2016
Foreign Worker Levy Seen Having Little Effect on Planters, Glove Makers
22/03/2016 (The Star) - The newly revised annual foreign worker levy will likely have a negligible impact on plantation and rubber glove companies, with some analysts expecting it to have less than a 1% impact on earnings.
22-03-2016
Spott Ropes in Double The Number of Palm Oil Players
22/03/2016 (The Edge) - The Sustainable Palm Oil Transparency Toolkit (Spott) — an interactive online tool that uses satellite mapping technology, with performance assessments, to monitor sustainable operations of listed palm oil companies — has garnered support from the palm oil industry.
22-03-2016
France Adopts Watered-down Palm Oil Tax
22/03/2016 (EurActiv) - France has increased the tax on palm oil imports, amid heated protests from big producing countries like Malaysia and Indonesia.
22-03-2016
VEGOILS-Palm Oil Climbs To New 2-year High on Lower Output, Stronger Exports
22/03/2016 (Reuters) - Malaysian palm oil futures hit a 23-month high in trade on Monday, driven by lowered production forecasts and improving export demand.
21-03-2016
VEGOILS-Market Factors to Watch March 21
21/03/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
21-03-2016
Rotterdam Vegetable Oil Prices
21/03/2016 (Reuters) - The following were Friday's Rotterdam vegetable oil prices at 1700 GMT:
21-03-2016
India's Rapeseed Output to Rise 16 Percent
21/03/2016 (Reuters) - India is likely to produce 5.8 million tonnes of rapeseed in 2015/16, up 16 percent from a year ago, thanks to beneficial weather conditions in key producing northern states, the head of the Central Organisation for Oil Industry and Trade (COOIT) told Reuters on Sunday.
21-03-2016
MPOC Condemns France’s Palm Oil Tax Plan
21/03/2016 (The Sun) - The Malaysian Palm Oil Council (MPOC) has condemned efforts by the governing party of France, the Socialists, to impose a tax on palm oil produced in the developing world.
21-03-2016
Group Condemns Palm Oil Tax
21/03/2016 (The Punch) - Nigeria-based public policy think tank, Initiative for Public Policy Analysis, has condemned the French Government’s proposed tax on palm oil, saying it would be of a disadvantage Africa, and undermine efforts to alleviate poverty across the continent.
21-03-2016
Palm Oil Industry Urged To Help Combat Climate Change
21/03/2016 (Jakarta Post) - The palm oil industry can contribute significantly to fulfilling Indonesia’s commitment to fighting climate change, the fifth International Conference on Oil Palm and Environment (ICOPE) in Bali concluded on Friday.
21-03-2016
French MPs Slash ‘Nutella Tax’ After Indonesia, Malaysia Protest
21/03/2016 (Borneo Post) - French lawmakers have voted to slash a surtax on imported palm oil – dubbed the Nutella tax because the commodity is used in the popular chocolate spread – after protests from top growers in Indonesia and Malaysia.
21-03-2016
Terengganu SMEs Urged To Grab Opportunities From TPPA
21/03/2016 (Bernama) - Terengganu Bumiputera small and medium enterprises (SMEs) have been urged to grab the opportunities made available by the Trans-Pacific Partnership Agreement (TPPA).