Archived News

KUALA LUMPUR, Jan 5 — A nimble push into higher biodiesel blends such as B40 — 40 per cent blend of palm oil-derived biodiesel — by Indonesia and B30 by Malaysia will help to mitigate the negative effects of the European Union’s (EU) lower palm oil demand for biofuel, the Malaysian Biodiesel Association said.

A significant amount of biomass is generated in the country each year, across a variety of crops or plantations such as palm oil, coconut, rubber, wood and rice husk, among others.

The palm oil imports increased by 29.40 percent during the first five months of the current fiscal year against the imports of the same period of last year.

The Ministry of Plantation Industries and Commodities Industry (MPIC) has expressed regret and disapproval regarding the drastic action taken by the United States (US) to bar the entry of palm oil produced by Sime Darby Plantation Bhd (SDP) without giving the company an opportunity to defend itself.

The US Trade Representative (USTR) office organised a hearing to gather opinions from US businesses and organisations regarding suspicions that Vietnam’s increasing trade surplus with the US was caused by deliberate undervaluation of the Vietnamese dong.

China stands ready to work with ASEAN to further enrich the strategic partnership and usher in a new era of peace, development and cooperation for the region, said Chinese State Councilor and Foreign Minister Wang Yi.

Sime Darby Plantation Bhd (SDP) says the US Customs and Border Protection's (CBP) news release does not provide sufficient information to allow the company to meaningfully address the allegations that triggered the issuance of the Withhold Release Order (WRO)

Indonesia’s cost of living is lower than that in China, so there is no reason why Indonesians will not be able to compete with affordable Chinese exports, if the shipping cost from Indonesia is competitive

A trade deal between the two nations officially came into force on January 1st, and should, if enacted as intended, guarantee one of the longest trade deals in the past 50 years carries on largely as before, albeit with additional benefits for both sides.

e crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade in a cautious mode next week, a dealer said.

In the last several years, the Malaysian plantation industry has been buzzing with robust merger and acquisition (M&A) deals against the backdrop of weak crude palm oil (CPO) prices.

Chief Executive Officer Tan Sri Lee Oi Hian said the plantation group has made good progress towards achieving the fresh fruit bunches (FFB) yield target of 20 mt/ha in the first year of harvesting, with more and more areas achieving the target.