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Its president Tan Chee Hee said the prices of raw materials such as corn and soybeans had increased between 50% and 80%.

FGV Holdings Bhd, through its subsidiary and technology arm, FGV Prodata Systems Sdn Bhd, has modernised traditional industrial practices through the implementation of palm oil mill integrated system (POMIS).

Sri Lanka also banned palm oil import, affecting around 200,000 metric tons of palm oil mainly supplied by Malaysia. As per the press release, the Sri Lankan Government intends to stop palm oil consumption completely. In this context, Solidaridad Asia as an organisation working closely with the farmers of Sri Lanka would like to present an analysis on the impact of the ban on palm oil.

Malaysia is not affected by Belgium's decision to ban the use of palm oil as a biofuel in the country starting next year, said Minister of Plantation Industries and Commodities (MPIC) Datuk Dr Mohd Khairuddin Aman Razali.

The Gabungan Rakyat Sabah (GRS) State Government needs to formulate a clear policy, especially the jurisdiction for issuing license to sell oil palm products, for plantation operators and oil palm smallholders in Sabah.

Sime Darby Plantation Bhd (SDP) is leveraging advancements in robotics to develop a machine that can be used to harvest oil palm fresh fruit bunches (FFBs), which it hopes will be ready to be deployed within the next five years.

Former primary industries minister Teresa Kok says the Malaysian Forestry Policy (MFP) 2021 is vague and has failed to underline the government’s way forward to commit to a pledge to retain 50% forest cover for the country.

Crude palm oil futures edged higher to settle at near-record high of Rs 1,174.30 per 10 kg after touching a fresh lifetime high of Rs 1,174.50 on Friday during intraday. Malaysian palm oil futures soared 2.97 percent to settle at 3,920 Ringgits on Bursa Malaysia Bhd.

The Government has taken two steps back after the first step of banning the import of palm oil, the most popular cooking oil, which followed the Prime Minister’s directive of lifting the restriction on certain refined palm oil based products within 24 hours of the President’s prohibition order.

The Wisconsin Soybean Marketing Board (WSMB) and the National Biodiesel Board announced the investment of funds to help the City of Madison retrofit 20 Fleet Service vehicles to run nearly 100 percent on biodiesel fuel

The Federation of Malaysian Manufacturers (FMM) has urged the government of Malaysia to expedite the ratification process for the two major free trade agreements (FTAs) — the Regional Comprehensive Partnership Agreement (RCEP) and Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) — soon to help local manufacturers or exporters to recover faster during the post-pandemic era.

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trend higher next week boosted by stronger soybean oil prices.