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Plastic is used extensively for food packaging due to its durability, flexibility and lightweight properties. Although convenient, many of the items are created for single use

Apparently buoyed by significant progress in the mandatory use of B20 biodiesel (a fuel mixture of 20 percent palm oil and 80 percent petroleum), the Indonesian government has set itself ambitious targets to launch B30 next year and B50 in 2021.

Sarawak Plantation Bhd (Dec 17, RM1.83) Maintain outperform with an unchanged target price of RM2.80: Following the new management’s measures over the last one year to rehabilitate unproductive young mature areas, as well as encumbered areas’ gradual recovery in the central region, Sarawak Plantation Bhd is set to enjoy a bumper harvesting crop in the coming months — timely amid rising crude palm oil (CPO) prices.

KUALA LUMPUR: Primary Industries Minister Teresa Kok said the ministry would work with the Ministry of Agriculture and Agro-based Industry to continue the mixed cropping programme for oil palm smallholders.

(Dec 18): The tide appears to have turned for the world’s most-consumed edible oil. Just five months ago, benchmark futures in Malaysia languished at four-year lows as investors fretted about stubbornly high stockpiles, waning demand from top buyers India and China and European restrictions that linked palm oil to environmental harm. Then in October, a trade spat between No. 2 producer Malaysia and India threatened to further hit sales and prices.

Malaysian palm oil futures gained for a second straight session on Tuesday, supported by worries over shortfall in stockpiles due to seasonal declines and tracking gains in rival soyaoil prices.

JAKARTA: Indonesia is prepared to walk away from talks on a free trade deal with the European Union (EU) over the bloc's stance on palm oil, while also launching a probe into subsidies on dairy imports from the EU, a trade ministry official said.

KUALA LUMPUR: AirAsia Group Bhd (AirAsia) is keen on using palm oil as part of its sustainable programme to develop biofuel-powered flights in the future.

KUALA LUMPUR, Dec 17 ― The Ministry of Primary Industries (MPI) is optimistic that the Finance Ministry (MOF) will approve its proposal for the three per cent windfall tax imposed on palm oil planters to be channelled back to the industry.

A whooping sum of $500 million of the country’s scarce foreign exchange is presently being expended annually on the importation of palm oil, the governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele has disclosed.

JOHOR BARU: Kulim (Malaysia) Berhad has signed a memorandum of agreement (MoA) with Malaysia Palm Oil Board (MPOB) to further expand its research in improving the quality of palm oil in the country.

KUALA LUMPUR: Carl Bek-Nielsen, who’s about to give a tour of the palm oil plantations he runs in Malaysia, is reflecting on a story by the New York Times earlier this year about an orangutan that was shot 74 times and found close to death on an oil palm estate in Indonesia.