Archived News

KUALA LUMPUR, Nov 20 — The Malaysian Palm Oil Board is in favour of any move by Indonesia and Malaysia as the world’s largest producers of palm oil, to form a body similar to the Organisation of Petroleum Exporting Countries (Opec).

KUALA LUMPUR: An Italian think tank has defended the palm oil industry against accusations that it degrades the environment, saying it uses land more efficiently than do industries producing competing oils.

Turning an abandoned pasture into a palm tree plantation can be carbon neutral, according to a new study by EPFL and the Swiss Federal Institute for Forest, Snow and Landscape Research (WSL). These findings, based on measurements of 56-year-old palm tree plantations in Colombia, suggest we may be able to find sustainable alternatives to deforestation for the production of palm oil—a practice currently under fire by environmentalists.

KUALA LUMPUR: Malaysia aims to start producing palm oil-based bio-jet fuel within five years and is in talks with several potential partners about setting up a plant, the head of the industry’s marketing board said on Wednesday.

JAKARTA: Indonesia's exports of palm oil, biodiesel and oleochemical in September rose 13pc on a monthly basis to 3.26 million tonnes, the Indonesian Palm Oil Association (GAPKI) said in a statement on Wednesday.

Plantation sector Upgrade to overweight: We are turning more positive on the plantation sector as we believe the current positive crude palm oil (CPO) price sentiment will sustain into 2020 due to supply constraints arising from potential palm production deficits in Malaysia and Indonesia, lower soybean output in the US and more positive demand prospects (arising from higher biodiesel mandates in Malaysia and Indonesia from 2020 as well as the spreading of African swine fever [ASF]). Given our more bullish stance on the sector’s prospects, we raise our average CPO price assumption for 2020 to 2021 by RM200 per tonne to RM2,400 per tonne, and upgrade our rating for the sector to “overweight”. Our top picks are FGV Holdings Bhd (“buy”; target price [TP]: RM1.42), Genting Plantations Bhd (“buy”; TP: RM11.18), Hap Seng Plantations Holdings Bhd (“buy”; TP: RM1.68), Kuala Lumpur Kepong Bhd (“buy”; TP: RM24.37) and TSH Resources Bhd (“buy”; TP: RM1.05).

KUALA LUMPUR: Malaysia and other countries under the Council of Palm Oil Producing Countries (CPOPC) will seek intervention from the World Trade Organisation to safeguard the palm oil sector.

Palm oil producers will set up a joint fund to counter critics of the industry, a Malaysian government official said on Tuesday, amid growing scrutiny of a commodity which is accused of causing widespread environmental damage.

KUALA LUMPUR (Nov 19): India will always be dependent on Malaysia for palm oil, as it is the cheapest edible oil in the world.

Income to fund reforestation, wild life conservation, boost sustainable farming KUALA LUMPUR (Nikkei Markets) -- Malaysia plans to levy from next year an additional one ringgit ($0.24) tax per metric ton of crude palm oil produced in the country to channel such income to a proposed fund aimed at financing reforestation and wildlife conservation as the world's second largest producer of the commodity ramps up efforts to boost sustainable palm plantation.

When Ivan Hoh and Yap Soon Joo graduated from university in the mid-2000s, having bought into the government’s avowed interest in biotechnology, they realised that it had been a lot of hot air.

Houston — The BO-HO factor, an indicator describing the relationship between feedstock soybean oil and blendstock heating oil pricing used by the biodiesel industry to gauge costs and margins, finished Tuesday's session at a 20-month high.