Archived News

30/11/2022 (Today Online), Kuala Lumpur - Malaysia has maintained its December export tax for crude palm oil at 8per cent and raised its reference price, a circular on the Malaysian Palm Oil Board website showed on Wednesday.

30/11/2022 (The Edge Markets) - Council of Palm Oil Producing Countries (CPOPC) said it is unlikely that a political agreement could be reached soon to pass the European Union (EU)’s deforestation regulation, which is expected to be implemented next year.

29/11/2022 (China Dialogue) - The oleochemical sector produces high value materials from oils and fats. It has made huge contributions to the use of palm oil in product manufacturing.

29/11/2022 (The Edge Markets), Kuala Lumpur - Roundtable on Sustainable Palm Oil (RSPO) certification adoption is still very low in Malaysia, at less than 1% or the equivalent of 1,700 smallholder oil palm farmers certified to date.

29/11/2022 (The Star Online), Petaling Jaya - IOI Corp Bhd is expecting firm crude palm oil (CPO) prices for its next two financial quarters ending March 31, 2023.

29/11/2022 (The Edge Markets), Kuala Lumpur - Palm oil producer Sarawak Plantation Bhd reported a 56.7% year-on-year drop in net profit to RM18.2 million in the third quarter ended Sept 30, 2022 (3QFY2022), on the back of lower sales volume of crude palm oil (CPO) and palm kernel (PK).

29/11/2022 (BluePrint) - The Raw Materials Research and Development Council (RMRDC) over the years continue to spear head the promotion of the establishment of oleochemical (palm oil) producing plants in Nigeria to reduce importation of palm oil and boost Nigeria’s Gross Domestic Product (GDP); BINTA SHAMA reports.

29/11/2022 (Malay Mail), Kuala Lumpur - QL Resources Bhd’s net profit for its second quarter ended September 30, 2022 (Q2 2022) grew to RM93.9 million, or up 104 per cent, from RM45.94 million in Q2 2021 as a result of higher sales across all business segments.

28/11/2022 (The Edge Markets), Kuala Lumpur - The Malaysian Palm Oil Solidarity Group (POSG) has urged Prime Minister Datuk Seri Anwar Ibrahim to pick a minister for the industry, who has the experience and attributes to understand the wide spectrum of serious issues that beset the Malaysian palm oil sector.

29/11/2022 (New Straits Times) - Letters: The Centre for Research, Value Innovation and Entrepreneurship (Cervie) recently hosted a talk by Airbus Malaysia, which touched on challenges and opportunities in global business, as the industry must come to grips with the world demand for sustainability.

28/11/2022 (Malay Mail), Kuala Lumpur - Sime Darby Plantation Bhd said it has submitted its action plan on the findings from an independent verification assessment to the Roundtable Sustainable Palm Oil (RSPO) ahead of schedule.

27/11/2022 (Borneo Post Online), Kota Kinabalu - The Malaysian Palm Oil Solidarity Group in congratulating Datuk Seri Anwar Ibrahim on his appointment as Malaysia’s 10th Prime Minister, said it looks forward to a fresh approach under his leadership to move the nation forward, with policies that will enable economic and social progress resulting in benefits to be shared equitably amongst all Malaysians.