Archived News

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.

KUALA LUMPUR, Nov 19 (Reuters) - Malaysia, the second-biggest producer and exporter of palm oil after Indonesia, will enforce regulations to ensure that by 2021 its palm oil meets new food safety standards under consideration by the European Union, a minister said on Tuesday.

Most Southeast Asian stock markets fell on Tuesday as lack of significant progress in U.S.-China trade talks kept investors on the edge, while Malaysia slipped after the government announced new food safety standards for its vital palm oil industry.

KUALA LUMPUR: Malaysia must not stay silent nor hesitate to take countermeasures if importing countries choose to impose discriminatory trade barriers against palm oil-producing countries, said Prime Minister Tun Dr Mahathir Mohamad (pix).