Archived News

KUALA LUMPUR: The Roundtable on Sustainable Palm Oil (RSPO) will take corrective measures if the allegations against the certification watchdog, including that it is giving false environmental credibility to its products, are proven true.

PARIS (Nov 18): France's parliament on Friday voted to remove tax breaks for the use of palm oil as a biofuel, a day after a ruling in favour of maintaining the advantage led to howls of protests from environmentalists.

India’s palm oil imports climbed 8% in the marketing year ended Oct. 31 compared with the same period a year earlier as buying of refined palm oil from Malaysia surged after New Delhi reduced import tax on the oil, a leading trade body said.

KUALA LUMPUR: After suffering through the past two years from low crude palm oil (CPO) prices, plantation companies are beginning to see some light at the end of the tunnel.

SYDNEY, Nov 18 (Reuters) - U.S. soybean futures edged higher on Monday, extending gains into a third session, as hopes grew that a trade deal between Washington and Beijing could be signed soon following a report of “constructive talks” over the weekend.

Malaysia signed a pact on Thursday for exports of palm oil to south Asia next year, amid uncertainty over trade with India after its dealers last month urged a boycott of palm oil from the southeast Asian nation.

KUALA LUMPUR: The move by France to delay until 2026 the end of palm oil’s tax advantages instead of next year is a piece of good news for palm oil-producing countries like Malaysia, Primary Industries Minister Teresa Kok Suh Sim said.

KUALA LUMPUR: Eight Malaysian Palm Oil Board (MPOB) research stations have received the Malaysian Sustainable Palm Oil (MSPO) certification on July 31.

Malaysia has signed an agreement with a major supply chain manager for the export of palm oil next year to the South Asian region amid the recent spate with Indian oil associations as well as the European Union’s potential displacement of palm bio-fuels

After negotiating for about seven years, India decided to opt out of the Regional Comprehensive Economic Partnership (RCEP) earlier this month. One argument used to justify the pull-out is that free trade agreements (FTAs) don’t amount to free trade

Malaysia strikes key palm oil partnership deals with two major supply chain managers in the United Arab Emirates (UAE) and China to facilitate greater palm oil penetration in China, India and the Indian sub-continent.

Malaysian palm oil futures closed higher on Thursday, after two sessions of declines, as India resumed purchases of the vegetable oil after a month-long pause.