Latest News

MARKET DEVELOPMENT
06-03-2020

FGV says its mills and estates now fully MPSO-certified

FGV Holdings Bhd, one of the worldâ€™s largest producers of crude palm oil, said yesterday that all its 68 mills and 173 estates, covering some 373,517ha nationwide, are now fully certified under the Malaysian Sustainable Palm Oil (MSPO) certification

MARKET DEVELOPMENT
06-03-2020

Uncertainty in an era of disrupted trade

The North American Free Trade Agreement (FTA) was completed. The European Union continued to integrate and expand. The Association of Southeast Asian Nations (ASEAN) and North Asian countries inched toward liberalisation. Australia signed free trade agreements with its major trading partners.

MARKET DEVELOPMENT
06-03-2020

Wee thanks India over decision on palm oil import duties

Datuk Seri Dr Wee Ka Siong has thanked the Indian government for not extending its import duties on several varieties of palm oil from Malaysia.

MARKET DEVELOPMENT
06-03-2020

B30 mixed-fuel to absorb 9.6-million KL of biodiesel in 2020

Implementation of the B30 biodiesel fuel program, a diesel fuel blended with 30-percent palm-based biofuel, is expected to absorb 9.6 million kiloliters (KL) of domestic biodiesel in 2020, Industry Minister Agus Gumiwang Kartasasmita stated.

MARKET DEVELOPMENT
06-03-2020

Muhyiddin meets senior Miti officials to discuss on Apec 2020, international trade

Prime Minister Tan Sri Muhyiddin Yassin today met with senior officials from the Ministry of International Trade and Industry (Miti) to discuss, among others, the organising of the Asia Pacific Economic Cooperation (Apec) 2020 summit.

MARKET DEVELOPMENT
05-03-2020

India not extending 5% safeguard duty on Malaysian palm oil

India will not be extending the bilateral safeguard duty on the import of certain palm oil varieties from Malaysia, reports The New Indian Express.

MARKET DEVELOPMENT
05-03-2020

Palm oil futures jumped

Malaysian palm oil futures jumped 5% on Wednesday as buyers stocked up ahead of the Muslim holy month of Ramadan and expectations of 2019/2020 production falling also boosted prices

MARKET DEVELOPMENT
05-03-2020

EU should not give in to anti-palm oil lobbies â€” MPOC

The Malaysian Palm Oil Council (MPOC) has urged the European Union (EU) not to give in to the usual â€œlobbiesâ€ which suggest palm oil, Malaysia, Indonesia, and their related industries are the culprits when it comes to deforestation.

MARKET DEVELOPMENT
05-03-2020

VEGOILS-Palm oil falls on stronger ringgit, higher production forecast

Malaysian palm oil futures fell on Thursday, dragged by a stronger ringgit, cargo surveyor data showing a drop in last month's exports, and expectations of higher February production.

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