Archived News
25-09-2019
China Imported More Palm Oil Than it Has in Six Years
China imported the most palm oil in more than 6 years last month after the outbreak of African swine fever hurt domestic soybean crushing and the country cut soy imports from the U.S. as their trade conflict escalated.
25-09-2019
Palm oil and pulp companies with most burned land go unpunished as Indonesian forest fires rage
Jakarta, Indonesia, 24 September 2019 – Despite the ongoing Indonesian forest fire crisis, no serious civil or administrative sanctions have been given to the ten palm oil companies with the largest areas of burned land from 2015 to 2018, new Greenpeace Indonesia mapping analysis revealed. Furthermore, the Indonesian government has not revoked a single palm oil licence due to forest fires.
25-09-2019
MPOB to kick-start biojet fuel research, seeks RM5m from govt
The project, which is expected to start in 1H20, will include a pilot plant for the blended fuel, says MPOB DG THE Malaysian Palm Oil Board (MPOB) could partner firms from Japan, China and the US to develop palm-based jet fuel using byproducts from the country’s second-biggest export commodity.
25-09-2019
Senate calls for improved palm oil production, revamp of NIFOR
The Senate on Tuesday called on Federal Government to support improved production of palm oil to meet domestic need of the market and increase exports for forex exchange earnings.
25-09-2019
Palm oil futures fall over 1 percent
Malaysian palm oil futures fell over 1% on Monday evening, extending losses into a fourth consecutive session on expectations of sluggish export demand and higher production. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange was down 1.7% at 2,189 ringgit ($524.06) per tonne at the close of trade, its sharpest daily decline in three weeks.
25-09-2019
Teresa Kok: Malaysia should tap into huge business opportunity in biomass industry
PUCHONG, Sept 24 — Malaysia should seize opportunities in bio-based business models, namely bio-energy, bio-agricultural, echo-products and bio-chemicals, that are capable of creating a new wave of bio-economy for economic growth.
25-09-2019
Greenpeace: Indonesia has not imposed tough enough penalties for plantation fires
KUALA LUMPUR/JAKARTA: Indonesia has not imposed serious enough penalties on pulpwood and palm oil firms that had large fires on their land from 2015 to 2018, and more fires on some of those farms also polluted the region's air quality this year, Greenpeace said on Tuesday.
24-09-2019
Unfair to blame palm oil industry for haze, says Teresa Kok
PUTRAJAYA: It is unfair to keep blaming the palm oil industry for the haze, as many companies adhere to sustainable agriculture standards, says Teresa Kok.
24-09-2019
Indonesia government considering harsher punishments for forest burners
JAKARTA: Indonesian authorities are studying a plan to mete out harsher penalties to companies found burning forest and peat land, an environment ministry official said, as the country faces its worst forest fires and haze problems since 2015.
24-09-2019
Malaysian palm futures down 1% on sluggish exports, firm output
KUALA LUMPUR Malaysian palm oil futures fell over 1% on Monday evening, extending losses into a fourth consecutive session on expectations of sluggish export demand and higher production.
24-09-2019
Palm oil industry is highly sustainable
PUTRAJAYA: Despite criticism on one of the country’s prized commodities, Teresa Kok said Malaysia will not waver in its commitment to show the world that the palm oil industry is highly sustainable.
24-09-2019
Minister: Govt has adopted policies to ensure sustainable oil palm cultivation
PUTRAJAYA: Malaysia has adopted several key policies to ensure sustainable oil palm cultivation, including capping the total of oil palm cultivated area to 6.5 million hectares, said Primary Industries Minister Teresa Kok (pic).