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Malaysia’s total palm oil stocks rise 7.48% to 2.82 million tonnes in August — MPOB
CPO prices seen at RM4,400-RM4,600 on tighter supply
Palm retreats from 21-month high on stock outlook, weak exports
Palm slips over 1% on weaker soyoil, bearish MPOB data
Palm Oil Faces Uphill Battle on Sustainability as Orangutans Fall Victim to Industry
The palm oil industry has a sustainability problem which can be summed up in one word: orangutans. Production of palm oil used in food, cosmetics, soap and other items has surged because it pairs both high yields and versatility. But rainforests in Asia, Africa and Latin America have been cleared for plantations. That has boosted greenhouse gas emissions, obliterated wildlife habitats, curbed biodiversity and encroached on land belonging to indigenous people.
'Greener' packaging with oil palm biomass
Plastic is used extensively for food packaging due to its durability, flexibility and lightweight properties. Although convenient, many of the items are created for single use
Biofuel prospects, challenges
Apparently buoyed by significant progress in the mandatory use of B20 biodiesel (a fuel mixture of 20 percent palm oil and 80 percent petroleum), the Indonesian government has set itself ambitious targets to launch B30 next year and B50 in 2021.
Sarawak Plantation could be a big winner on rising CPO price
Sarawak Plantation Bhd (Dec 17, RM1.83) Maintain outperform with an unchanged target price of RM2.80: Following the new management’s measures over the last one year to rehabilitate unproductive young mature areas, as well as encumbered areas’ gradual recovery in the central region, Sarawak Plantation Bhd is set to enjoy a bumper harvesting crop in the coming months — timely amid rising crude palm oil (CPO) prices.
Smallholders will continue to benefit from mixed cropping
KUALA LUMPUR: Primary Industries Minister Teresa Kok said the ministry would work with the Ministry of Agriculture and Agro-based Industry to continue the mixed cropping programme for oil palm smallholders.
Palm Oil’s Changing Fortunes Signal a Brighter Outlook in 2020
(Dec 18): The tide appears to have turned for the world’s most-consumed edible oil. Just five months ago, benchmark futures in Malaysia languished at four-year lows as investors fretted about stubbornly high stockpiles, waning demand from top buyers India and China and European restrictions that linked palm oil to environmental harm. Then in October, a trade spat between No. 2 producer Malaysia and India threatened to further hit sales and prices.
Palm oil rise for second session
Malaysian palm oil futures gained for a second straight session on Tuesday, supported by worries over shortfall in stockpiles due to seasonal declines and tracking gains in rival soyaoil prices.
Indonesia warns on EU trade deal, dairy imports amid palm oil spat
JAKARTA: Indonesia is prepared to walk away from talks on a free trade deal with the European Union (EU) over the bloc's stance on palm oil, while also launching a probe into subsidies on dairy imports from the EU, a trade ministry official said.
AirAsia advocates palm oil for its biofuel programme
KUALA LUMPUR: AirAsia Group Bhd (AirAsia) is keen on using palm oil as part of its sustainable programme to develop biofuel-powered flights in the future.
