Archived News

26/08/2024 (The Edge Malaysia) - The palm oil industry has come a long way from the introduction of the plant to the country as an ornamental crop to a complex global powerhouse, contributing significantly to Malaysia’s gross domestic product and the creation of job opportunities. While this pursuit of economic prosperity remains essential, a growing awareness of the industry’s far-reaching social and environmental implications has ignited a shift towards sustainable and responsible practices. Today, the palm oil sector operates within a complex and dynamic environment shaped by converging pressures. Escalating consumer expectations for ethical and sustainable products, coupled with increasingly stringent government regulations and rapid technological advancements, have transformed the industry landscape. With 5.65 million hectares across the country dedicated to the cultivation of the crop, the sector’s impact on local communities, small-scale farmers, indigenous groups and workers is profound and far-reaching.

24/08/2024 (The Nation) - A new biodiesel called “HVO” that promises reduced greenhouse gas emission is now being tested under a collaboration between Tri Petch Isuzu Sales and national oil and gas conglomerate PTT Plc.

22/08/2024 (Malay Mail), Kuala Lumpur - Malaysia is always ready to meet the increasing demand for palm oil in India through the cooperation with major importing companies such as Emami Agrotech Ltd.

22/08/2024 (The Edge Malaysia), Kuala Lumpur - Palm oil producer Far East Holdings Bhd (KL:FAREAST) said on Thursday its net profit in the second quarter jumped eight times on a surge in profits from associates, as well as higher prices and volume.

22/08/2024 (The Star), Putrajaya - A subsidised cooking oil misappropriation syndicate was crippled through a series of operations, known as Ops Tiris 3.0, with cooking oil subsidy leaks estimated to be RM20mil.

22/08/2024 (Reuters), Jakarta - Malaysian palm oil futures rose for a second session on Thursday, underpinned by Indonesia's plan to boost its biodiesel mandate.

21/08/2024 (Malay Mail), Kuala Lumpur - Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani underscored the critical role of his ministry in driving the national economy today, revealing that it contributes nearly RM160 billion in exports. He said that palm oil alone accounted for over RM100 billion of that total.

22/08/2024 (The Star), Kuala Lumpur - MKH Oil Palm (East Kalimantan) Bhd’s (MKHOP) prospects for the financial year ending September 30, 2024 remain strong, supported by robust market demand for crude palm oil, which is currently trading at approximately RM3,650 per tonne in Indonesia.

21/08/2024 (People Daily) - Members of Parliament (MPs) will open an inquiry to establish how the government lost Sh62 billion in revenue for the last three years in imported refined edible palm oil disguised as crude palm oil.

22/08/2024 (The News), Madrid - Sunflower oil has dethroned olive oil as king of the kitchen in Spain, the world’s largest olive oil producer, as rising prices force consumers to switch to cheaper options.

22/08/2024 (Financial Express) - In an attempt to reduce India’s high dependence on edible oil imports, the government is looking to boost domestic oilseeds production. The plan is to increase yields, expand the area under cultivation and introduce a dynamic import duty structure so that domestic prices are not impacted by cheaper imports.

20/08/2024 (Bernama), Melaka - The Sustainable Oil Palm Growers Cooperatives (KPSM) under the Malaysian Palm Oil Board (MPOB) are urged to play a proactive role so that abandoned palm plantations can be developed through replanting projects in an effort to increase the nation's palm oil production.