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Sime Darby Plantation Bhd (SDP) will strive to do its best to counter the allegations of forced labour in its production process and restore its reputation among its customers worldwide

Malaysian palm oil futures ended 2.5% lower on Tuesday, hitting a one-week low on concerns of weak demand as partial data showed a sharp decline in January exports.

After Malaysia’s crude palm oil (CPO) inventory declined to a three-and-a-half-year low of 1.26 million tonnes in December 2020 from 1.56 million tonnes in November, analysts believe a seasonal production uptick, coupled with weaker export demand, will help replenish stocks and consequently drive prices down.

“We have gone through the MCO 1.0 phase in March 2020 and today we have been through it for almost one year. Of course, we have learned the best way for us to manage the plantations more prudently.

World food prices rose for the seventh consecutive month in December, led by dairy products and vegetable oils, the Food and Agriculture Organization (FAO) of the United Nations reported.

Chicago corn jumped 4% on Wednesday to a 7-1/2-year high and soybeans climbed to their loftiest since June 2014 after a widely watched U.S. report reduced its forecast for global supplies.

The EU-China Comprehensive Agreement on Investment has implications for the Quad as well since it will now be seen whether the US takes the lead to discuss a new China policy with the Quad countries, including India, or goes it alone, leaving each of them to make their own deals with China

Since the introduction of the GST more than three years ago, Budget-making for indirect taxes has got limited to mainly Customs duties since changes in the rates of the Goods and Services Tax can only be done by the GST Council. Even so, in the last three years, no significant rationalisation has been done by the Finance Ministry in the Budgets. The rates are still far too diverse.

MALAYSIA will file its lawsuit against the European Union (EU) on the trade bloc’s policy of phasing out palm oil-based biofuel imports to the World Trade Organisation (WTO) on Jan 15.

Malaysia’s crude palm oil (CPO) stocks slumped 19.2% to 583,761 tonnes in December 2020 from the 722,451 tonnes in November, the Malaysian Palm Oil Board (MPOB) said

Indonesia, the world's biggest palm oil producer, will increase its refined palm oil exports after raising taxes, leaving Malaysia to become more competitive in crude palm oil (CPO) exports, a leading industry analyst said on Monday.

Advances in research that generate new technologies and innovations are an important strategy for the sustainable development of the country's palm oil industry, said Minister of Plantation Industries and Commodities Datuk Dr Mohd Khairuddin Aman Razali.