Archived News

KUALA LUMPUR: Former Council of Eminent Persons member Jomo Kwame Sundaram has called for greater and more focussed efforts on research and development (R&D) in the oil palm industry, adding that companies involved in it should also receive tax incentives.

The government has decided to suspend an export tax imposed on crude palm oil (CPO) and its derivative products until next year to ease the financial burdens of palm oil producers amid a drop in CPO prices on the world market.

SINGAPORE (Sept 25): Indonesian planters have gotten a reprieve, as the government on Tuesday announced that it will not be collecting palm oil levies for the rest of this year.

While the haze may be dissipating, its annual presence remains a source of worry and discontent for Malaysians.

MUMBAI, Sept 25 (Reuters) - India's palm oil imports in 2019/20 are likely to rise 2% from a year earlier to a record high as consumption in the world's biggest edible oil buyer will expand more rapidly than local supplies, a leading industry analyst said on Wednesday.

India's palm oil imports in 2019-20 are likely to rise 2 per cent from a year earlier to a record high as consumption in the world's biggest edible oil buyer will expand more rapidly than local supplies, a leading industry analyst said on Wednesday.

KUALA LUMPUR: Malaysian palm oil futures closed higher on Wednesday, after hitting a six-week low in the previous session and snapping five days of losses, supported by a weaker ringgit.

The Thai Government is planning to introduce more measures to shore up domestic oil palm prices on top of the price guarantee scheme.

BANGKOK: Palm oil plantations in Indonesia and commercial fruit orchards in the Philippines have uprooted indigenous people and rural communities from their land, despite laws put in place to protect them, human rights groups said.

KUALA LUMPUR: Primary Industries Minister Teresa Kok says the palm oil industry is learning from the timber industry in opting for certification of sustainability.

Local palm oil companies with operations in Indonesia have been accused of contributing to the haze problem by allowing open burning on their land MALAYSIAN officials are expected to meet officers from Indonesia next month to discuss issues related to the oil palm industry including allegations that the sector was one of the contributors to forest fires and the ongoing transboundary haze.

JAKARTA (Reuters) - Indonesia will not collect palm oil export levies until Jan. 1, 2020, chief economic minister Darmin Nasution said on Tuesday.