Archived News
02-12-2020
88.1% of oil palm plantations MSPO-certified as at Nov 19 — ministry
A total of 88.1% or 5.1 million hectares out of 5.9 million hectares under oil palm cultivation in the country have obtained the Malaysian Sustainable Palm Oil (MSPO) certification as at Nov 19, according to the Ministry of Plantation Industries and Commodities (MPIC).
02-12-2020
Indonesia urges EU to accord fair treatment to palm oil
Arguing against the phasing out of palm oil, Foreign Minister Retno Marsudi urged the European Union (EU) to give fair treatment to the commodity during the 23rd ASEAN-EU Ministerial Meeting, held online on Tuesday.
02-12-2020
PORAM opposes MPOB's plan to impose additional RM5 cess
The Palm Oil Refiners Association of Malaysia (PORAM) disagrees with the Malaysian Palm Oil Board's (MPOB) plan to impose an additional RM5 cess per tonne during these trying times.
02-12-2020
Opposition criticises govt’s new slogan to promote palm oil, calling it ‘dangerous’
Opposition MP Hanipa Maidin claims that changing the Malaysian palm oil campaign’s slogan to “Palm oil is God’s gift†may have a detrimental impact on the country
02-12-2020
MEOA calls for unfair taxes on palm oil to be suspended or abolished
The Malaysian Estate Owners' Association (MEOA) is calling for taxes it deems to be unfair levied on the oil palm industry to be suspended or abolished.
02-12-2020
Palm oil prices to keep rising in first half of 2021 on tight supply — CPOPC
Palm oil prices will continue to rise in the first half of 2021 as global supply squeezed by a La Nina weather pattern is set to remain tight, the Council of Palm Oil Producing Countries (CPOPC) said on Tuesday.
02-12-2020
China-Europe freight costs threaten UCO trade into 2021
Heavy container congestion at Chinese and European ports has closed the used cooking oil (UCO) flexitank arbitrage on this trade route, with no reprieve on the horizon until next year's first quarter.
02-12-2020
Indonesian export duty on crude palm oil in Dec raised to $33/mt from $3/mt
The Indonesian government has announced the export duty on Crude Palm Oil in December will be raised to $33/mt from $3/mt Nov. 30, after the December reference price of CPO exports was calculated at $870.77/mt, up from $782.03/mt in November.
01-12-2020
SOPPOA celebrates 12th-year milestone
Since the formation of Sarawak Oil Palm Plantation Owners Association (SOPPOA), 12 years ago on December 11, 2008, the association has grown and transformed into a premier plantation organisation in Sarawak as well as in Malaysia.
01-12-2020
Malaysian palm oil falls
Malaysian palm oil futures fell on Monday, tracking weakness in rival edible oils on the Dalian Commodity Exchange and the Chicago Board of Trade (CBOT). The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange declined 27 ringgit, or more than 0.8%, to 3,295 ringgit a tonne
01-12-2020
my Say: Asian integration steps forward with RCEP
The Regional Comprehensive Economic Partnership (RCEP) agreement was finally signed two weeks ago, after eight long years involving 31 negotiating rounds and eight ministerial sessions.
01-12-2020
Indonesia's Jan-Oct biodiesel production at 7.2 mln KL - biofuel assoc
Indonesia, the world's biggest palm oil maker, produced 7.20 million kilolitres (KL) of biodiesel made from palm oil in the January to October period, an industry group said in a statement on Monday.