Archived News
24-03-2022
Palm oil: refiners call for price adjustment as import costs increase
The price of refined palm oil in Cameroon recently rose from CFA1,100 to CFA1,400 per liter. While the population already complains about the increase, which is also disapproved of by the government, the refiners want it to be higher.
24-03-2022
Free, Prior and Informed Consent (FPIC): Respecting the Rights of Indigenous Local Communities in Indonesia
As one of the global leaders in the palm oil sector, Musim Mas is committed to its No Deforestation, Peat, and Exploitation (NDPE) Policy which covers not just its entire global operations but also third-party suppliers. In particular for “No Exploitation,†its efforts are centered around Free, Prior and Informed Consent (FPIC). FPIC is a principle that gives a community the right to provide or withhold consent to proposed projects that may affect the lands they customarily own, occupy, or use. Here’s how and why Musim Mas adheres to FPIC principles to support the rights of Indigenous people.
24-03-2022
Palm oil price slashed by Tk3 per litre
The government cut the price of per litre palm oil by Tk3 on Tuesday.
24-03-2022
TDM to dispose of two Indonesian units for RM115 million
Kuala Lumpur – TDM Bhd has accepted an offer by Ikhasas Sdn Bhd for the sale of PT Rafi Kamajaya Abadi (RKA) and PT Sawit Rezki Abadi (SRA) for RM115 million, which will be conditional upon TDM meeting several agreed upon conditions, including that certain operational issues at the target companies are resolved.
24-03-2022
Zuraida: MIACES 2022 targets RM300b export value
MALAYSIAN International Agricommodity and Expo and Summit 2022 (MIACES 2022) targets an export value of RM300 billion for the agri-commodity sector this year, said Minister of Industries, Plantations and Commodities Datuk Zuraida Kamaruddin.
24-03-2022
No proposal at present to supply edible oils at subsidised rates: Govt
The government on Wednesday said it currently has no proposal to supply edible oils at subsidised rates to consumers.
23-03-2022
Kabar Baik Buat Bos Sawit! Harga CPO Naik Tipis Nih...
Harga minyak sawit mentah (Crude Palm Oil/CPO) di sesi awal perdagangan naik tipis pada hari ini, Rabu (23/3/2022). Setelah pekan lalu harga CPO merosot hingga 16%.
23-03-2022
Higher palm oil prices to mitigate cost hike
Sime Darby Plantation Bhd is likely to incur additional operating costs of “slightly more than 7% in financial year 2022†due to measures to address the International Labour Organisation (ILO)’s forced labour indicators in the former’s production process.
23-03-2022
MSPO to set standards on palm oil products as M’sia eyes East Asia market
THE Malaysian Sustainable Palm Oil (MSPO) Certification Framework 2022 would allow the government to strengthen its efforts in promoting palm oil products internationally, as well as counter the negative perception of palm oil production.
23-03-2022
Palm oil critics keep shifting goalposts, says deputy minister
The Deputy Plantation Industries and Commodities Minister said the ministry has conducted numerous efforts to not only deny baseless accusations from outsiders but also to conduct engagement and explanation sessions with people in and outside the country.
23-03-2022
April crude palm oil export duty remains at 8%
The April export tax for crude palm oil (CPO) has been kept at 8%, according to a circular on the Malaysian Palm Oil Board (MPOB) website.
23-03-2022
Msia unlikely to face cooking oil shortage even if palm oil export is ramped up
22/03/2022 (The Star Online), Putrajaya - Unlike Indonesia, Malaysia will not grapple with a cooking oil supply crunch at home, if it decides to increase palm oil exports.