Archived News
21-03-2019
The House urges the government to end oil palm dispute with EU
Jakarta (ANTARA) - The Indonesian House of Representatives (DPR)'s Commission IV Chairman Edhy Prabowo urged the government to immediately end the oil palm export dispute with the European Union by continuing to actively conduct diplomacy in every country in the region.
20-03-2019
PM: Retaliation inevitable if EU continues to treat palm oil industry unfairly
PUTRAJAYA: Malaysia may be forced to retaliate if the European Union (EU) continues to treat Malaysian palm oil industry unfairly, said Tun Dr Mahathir Mohamad today.
20-03-2019
Palm oil rises, high stocks likely limit further gains
JAKARTA (March 19): Malaysian palm oil futures rose on Tuesday after hitting a three-month low last week, but high stockpiles of the vegetable oil will likely continue to put pressure on prices.
20-03-2019
Indonesia warns EU on palm oil draft
JAKARTA: Indonesia slammed the European Commission’s adoption of a draft regulation to phase out the use of palm oil in renewable transportation fuel and warned the move could hurt relations with EU members backing the proposal.
20-03-2019
French scrap palm oil tax after Indonesian warning
French parliamentarians scrapped plans for a tax on unsustainable palm oil in 2016 after being warned by France’s government that passing the law could lead to the execution of a French citizen in Indonesia.
20-03-2019
Nigeria Spends $500 Million Annually On Palm Oil Importation – CBN
The Governor, Central Bank of Nigeria (CBN) Godwin Emefiele on Monday said that over five hundred million dollars was being spent annually on importation of palm oil.
20-03-2019
B20, B30 and even B100 plans deserve our support
Indonesia’s rapid jump in palm oil production in the past year has caused a glut in the commodity’s global supply. Following market principles, prices tumbled under the intense market pressure, leaving millions of people whose lives depend on palm oil production, processing and distribution to suffer the consequences.
20-03-2019
Palm refineries to be destroyed if duty differential is not rectified: Atul Chaturvedi
Palm oil emerged as a flashpoint in a potential trade war between the European Union and some of the world’s largest palm oil producing countries after the EU imposed stricter limits on how the palm oil can be used in green fuels.
20-03-2019
Palm oil extends losses tracking weak rival oils
Malaysian palm oil futures continued to slide early Monday tracking weak soyoil and in absence of fresh cues, after three straight weeks of declines dragged by demand concerns.
20-03-2019
In a bid to phase out palm biofuel, Europe leaves fans and foes dismayed
Both palm oil producers and environmental activists expressed dismay over the European Union’s move, saying the policy is discriminatory and will still allow palm oil used as biofuels to continue to be treated as a renewable fuel.
20-03-2019
Indonesian palm oil producers eye domestic market amid challenges
AMID tough global market challenges, Indonesia’s palm oil producers have to start expanding in the domestic market in order to boost absorption and stay afloat.
20-03-2019
MPOC : EU should suspend regulation until proposed elements are clear
KUALA LUMPUR (March 19): The adoption of the European Commission’s (EC) draft delegated act on high indirect land-use change (ILUC) risk feedstock -- which places palm oil at a competitive disadvantage against other biofuel feedstock -- should be suspended, says the Malaysian Palm Oil Council (MPOC).