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The Oil Palm Developers and Processors Association (OPDPA) has asked the Union Government to usher in structural and policy changes to leverage the domestic potential.

More than 85% of Malaysia’s 5.9 million hectares (ha) of oil palm plantations and about 90% of 452 palm oil mills had obtained the Malaysian Sustainable Palm Oil (MSPO) certification as of July 30, 2020.

Malaysian palm oil futures extended gains for a fourth straight session on Tuesday, helped by signs of improving demand with stronger exports last month, but cheaper rival soyoil and crude capped gains.

Indonesia's first request was blocked at a dispute settlement meeting on 29 June. Indonesia said the measures in question not only unfairly discriminated against palm oil, but were inconsistent with provisions in the World Trade Organisation’s (WTO) goods, subsidies and technical barriers to trade agreements

The Ministry of Plantation Industries and Commodities (MPIC) is optimistic that the price of crude palm oil (CPO) will continue to rise up to RM2,500-RM2,600 per tonne by the end of this year.

Malaysian palm oil futures rose for a fourth straight session on Tuesday, tracking gains in Dalian palm and rival soyoil.

India is planning to raise quality standards of imports, impose quantity restrictions, mandate stringent disclosure norms and initiate more frequent checks at ports of entry for goods coming from many Asian countries, the officials said, declining to be named as they were not authorised to talk to the media.

The Asean Agreed to India’s request for review of the FTA as the trade deficit with the 10-member grouping rose from around $5 billion in FY11 to $21.8 billion in FY19.

Parti Warisan Sabah (Warisan) deputy president Datuk Darell Leiking blasted former prime minister, Datuk Seri Najib Razak, for saying that the Warisan government had failed in improving the state’s GDP growth.

The Regional Comprehensive Economic Partnership (RCEP) participating countries (RPCs), including Malaysia, are expected to proceed with the signing of the agreement in November, according to International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali.

The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange advanced 3.06 per cent to 2,759 ringgit ($651.48) per tonne at 0244 GMT, its third straight day of gains

To ensure economic diversification from oil to non-oil sectors, the Central Bank of Nigeria (CBN) has entered partnered with the Imo State government to boost palm oil and allied products through the state owned Adapalm Oil Company, Ohaji.