Archived News

Nanthika Thangsupanich, the department’s director-general, said the move comes in response to the Energy Policy Committee’s decision on December 13 to simplify diesel oil offerings at petrol stations and ease public confusion

The Narendra Modi government launched the National Mission on Edible Oils-Oil Palm (NMEO-OP) in August 2021, allocating Rs 11,040 crore with the objective of encouraging domestic oilseeds production and increasing the area under oil palm cultivation aggressively across various states in India in order to reduce dependence on imports of edible oils.

Since 2015, Malaysia has taken a global leadership role in continuously implementing sustainable oil palm cultivation and palm oil process innovations.

KUALA LUMPUR: Growing oil palms and harvesting their fruits is a major source of income for 500,000 smallholders in Malaysia who depend solely on the commodity for their livelihoods, according to the Datametrics Research and Information Centre (DARE).

Kuala Lumpur Kepong Bhd (KLK) and its subsidiary, KLK Plantations and Trading Pte Ltd, are set to acquire over 90% stakes in two Indonesian oil palm companies, PT Satu Sembilan Delapan (SSD) and PT Tekukur Indah (TI), for a total of RM276.55 million.

Jakarta (ANTARA) - The agricultural sector has been playing important role in Indonesian national economics life. One of the promising sectors that has been contributing significantly to national income is palm oil. Along with its robust growth, the development of palm oil invites controversy in the international community pertaining to social, environmental, and lastly land tenurial issues. The growing negative campaign amplifying negative issues has triggered numbers of western countries to boycott palm oil imports. These problems are currently being addressed by the emergence of certified sustainable palm oil from which the indicator is used in Indonesia currently by Indonesian Sustainable Palm Oil (ISPO).

MUMBAI: Malaysian palm oil futures dropped more than 1% on Wednesday due to slowing exports and concerns about bio-diesel demand following a slump in crude oil prices, and tracking weakness seen in rival soyaoil

Retailers attribute the increase to higher prices set by oil companies.

MUMBAI (Dec 14): Malaysian palm oil futures remained largely unchanged in early Thursday trade, with bargain buying driven by lower stocks countering pressure from slowing exports, and concerns about biodiesel demand after a slump in crude oil prices.

13/12/2023 (The Star Online), Kuala Lumpur - The Malaysian Palm Oil Association (MPOA) has welcomed Datuk Seri Johari Abd Ghani and Datuk Chan Foong Hin on their respective appointments as the new Minister and new Deputy Minister of the Ministry of Plantation and Commodities (KPK).

14/12/2023 (The Star Online), Petaling Jaya - Analysts are mostly “neutral” on the plantation sector, pegging the price of crude palm oil (CPO) between RM3,800 and RM4,000 per tonne for 2023-2024 amid a fragile supply-demand outlook.

13/12/2023 (Free Malaysia Today), Petaling Jaya - Palm oil industry players have welcomed Johari Ghani’s appointment as plantation and commodities minister following yesterday’s Cabinet reshuffle and expect him to improve the agricultural sector’s governance and practices.