Archived News

Sime Darby Plantation Bhd and the European Palm Oil Alliance (EPOA) as well as other industry associations, stakeholder companies and civil society bodies, have issued a joint call to action for all European stakeholders to actively support the sustainable palm oil choice initiative.

European palm oil importers are unlikely to be able to ensure that the products they sell are “deforestation-free” by the self-imposed goal of 2020, according to analysis by the Palm Oil Transparency Coalition.

Palm oil is often talked about for its environmental impact as well as omnipresence in everyday food items. Smithsonian Magazine reported in 2016 that although palm oil is the cause of much environmental destruction, it may be better than alternative oil sources. Other plants used for oil cannot produce even a third the amount of oil per acre that does palm oil.

Selling prices for palm oil and diesel fuel have recently converged to the same level, after the former had even been at a lower price for six months.

The agri-commodity sector has recorded RM52.7 billion in trade value for the period of January to April this year, said Primary Industries Minister Teresa Kok.

Malaysian palm oil futures closed lower on Tuesday, erasing earlier gains which were driven by Chicago Board of Trade (CBOT) soyoil prices and a softer ringgit, as traders responded to speculation of weaker export data.

European countries that sell various goods to Malaysia may be asked to stop tarnishing the image of palm oil.

Prime Minister Tun Dr Mahathir Mohamad’s statement that global perception of Malaysian palm oil is not fair due to biased reporting on environmental destruction is most timely.

India’s edible oil security at stake as palm oil imports continue to rise unabated

Palm oil may rise to RM2,068 per tonne as it has broken a resistance at RM2,028.

Citigroup has canceled all financing to Indonesian food giant and agribusiness company Indofood (INDF:IJ) following the company’s ousting from the leading palm oil certification scheme, the Roundtable on Sustainable Palm Oil (RSPO)

Public Investment Bank expects a rebound in crude palm oil (CPO) price in the second half (2H) of this year, backed by several factors.