Archived News

IIASA researchers have used Sentinel 1 satellite imagery from the European Space Agency to produce a map of the extent and year of detection of oil palm plantations in Indonesia, Malaysia, and Thailand that will help policymakers and other stakeholders understand trends in oil palm expansion while also providing an accurate map for landscape-level planning.

KUALA LUMPUR, March 31 (Thomson Reuters Foundation) - T ropical forest losses hit their third-highest level in almost two decades last year, despite improved conservation in parts of Southeast Asia, researchers said on Wednesday, warning of rising deforestation risks as nations restart pandemic-hit economies.

PETALING JAYA: Local integrated planters and palm oil refiners with an early head-start at producing red palm oil stand to become major beneficiaries to China’s latest decision to allow the importation of such commodity into the country.

KUALA LUMPUR (March 29): A golden opportunity has presented itself for Malaysian exporters as China announced the implementation of the Chinese Group Standard for Red Palm Oil on March 1, 2021, which enables buyers from the republic to import the commodity from Malaysia by quoting specifications in the standard.

(March 30): The world’s biggest agricultural commodities traders are gearing up to profit from a boom in the American renewable diesel industry.

KUCHING, March 30 ­— Close to RM50 million has been spent on various research and development (R&D) projects conducted by the Malaysian Palm Oil Board (MPOB) to enhance the industry in Sarawak.

KYIV, March 29 (Reuters) - Ukraine, the world largest sunflower oil exporter, is likely to produce 5.920 million tonnes of sunoil in the 2020/21 season and export 5.520 million tonnes, the economy ministry said on Monday in its first published outlook for the current season.

KUCHING: Although Sarawak is the state with the largest oil palm plantation area, covering 1.56 million hectares or 27% of the total planted area of 5.8 million hectares in the country, its oil extraction rate is the lowest in the country.

KUALA LUMPUR, March 29 (Reuters) - Malaysian palm oil futures opened lower on Monday, tracking weak sentiment in rival oils.

THE Sarawak Oil Palm Plantation Owners Association (SOPPOA) concurs with the recent statement made by the Malaysian Palm Oil Association (MPOA) that despite good wages being offered, locals still shun the opportunity to be employed in the palm oil industry in Malaysia.

KUALA LUMPUR (March 29): Malaysia’s exports jumped 17.6% year-on-year (y-o-y) to RM87.57 billion in February, the strongest y-o-y growth since October 2018, underpinned by higher shipments of electrical and electronic (E&E) products, rubber products and commodity-based products, the Ministry of International Trade and Industry (MITI) said today.

The shampoo you use to wash your hair, the toothpaste you use every morning and the bread you had for breakfast all share a similar ingredient – palm oil.