Archived News
23-12-2020
Indonesia looks to lower biodiesel allocation
he energy ministry may lower the allocation of fatty acid methyl ester (FAME) made from palm oil to 8.5 million kilolitres (kl), from current plan of 9.2 million kl, Djoko Siswanto, secretary general of the council told an industry event
23-12-2020
China's bid to establish global benchmark for palm oil futures seen an uphill battle
China, the world's No. 2 palm oil importer, opened its palm oil futures contract to overseas investors today, but trading risks and Malaysia's more influential status as a producer mean it will struggle to become a global benchmark.
23-12-2020
Most oil palm plantation areas certified with MSPO
Plantation Industries and Commodities Minister Datuk Dr Mohd Khairuddin Aman Razali (picture) said 31.82% or 3.12 million ha of smallholders’ land parcels have been certified with the national palm oil production standards.
23-12-2020
It’s Not Just The Taxes And Tariffs: Why Biden Should Reconsider The Trans-Pacific Partnership
The Trans-Pacific Partnership (TPP) stands out as unfinished business. Reviving it would be no easy task, and could carry domestic political risks. But that doesn’t make it a bad idea.
22-12-2020
Plantation players rejoice over higher palm oil price amid pandemic-hit year
The majority of plantation players have recorded stellar net profit in 2020 while some companies have substantially trimmed their losses, thanks to the higher palm oil price amid a pandemic-hit year.
22-12-2020
Ideas: Don’t derail EU-Malaysia trade relations because of palm oil biofuel
Malaysia recently agreed to join and ratify the Regional Comprehensive Economic Partnership (RCEP), which was welcomed and celebrated after many years of long negotiations
22-12-2020
Sabah mulls setting up state palm oil board to solve industry woes
Sabah will study establishing a state palm oil board to better manage the development of one of its main commodities and income earners.
22-12-2020
SEA seeks level-playing field for palm oil exporter-importer
The Solvent Extractors’ Association (SEA) of India has urged the Centre to include proper proviso in ASEAN agreement to restrict/regulate the imposition of export duty by the palm oil exporting country. SEA feels that this will ensure a level-playing field for both the countries that export and import palm oil.
22-12-2020
Indonesia’s biofuel bid threatens more deforestation for oil palm plantations
An Indonesian government program to phase out diesel for an alternative made from palm oil could spur massive deforestation for palm plantations spanning an area a fifth the size of Borneo
22-12-2020
Sabah govt to look into formation of state palm oil board, says Deputy CM
The Sabah government is looking into the formation of a state palm oil board, considering the sector’s role in driving economic activities in the state.
22-12-2020
Palm oil may retest resistance at 3,474 ringgit
Palm oil may retest a resistance at 3,474 ringgit per tonne, a break above which could lead to a gain into the 3,504-3,552 ringgit range.
22-12-2020
Palm oil snaps 3-day rally, higher exports limit losses
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market