PALM NEWS MALAYSIAN PALM OIL BOARD Wednesday, 28 Feb 2024

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Berita Arkib

MARKET DEVELOPMENT  
  28-11-2023

CIMB sets science-based targets for palm oil sector

The Malaysian bank is the first to set decarbonisation targets for the sector, aiming to cut portfolio emissions intensity by 16 per cent by 2030. However, its commitment does not directly include smallholders, who are not within its existing base of clients.

MARKET DEVELOPMENT  
  28-11-2023

Palm slips to near two-week low on weaker crude

Malaysian palm oil futures extended losses on Monday to its lowest closing in nearly two weeks, as weaker crude outweighedanticipation of lower output and improving demand.

MARKET DEVELOPMENT  
  28-11-2023

Import reliance for pulses, oil seeds to stay through FY31: Study

The country will continue importing large quantities of pulses and oilseeds by 2030-31 because of a substantial gap between demand and supply of these commodities, a research paper by Nabard and Icrier has stated.

WORLD  
  28-11-2023

WTO agrees to Indonesia’s request to establish dispute panel to review EU’s duties on biodiesel imports

In Switzerland, the World Trade Organization’s Dispute Settlement Body (DSB) agreed at its meeting on Monday to a request from Indonesia for the establishment of a dispute panel to review countervailing duties imposed by the European Union on imports of biodiesel from Indonesia.

MARKET DEVELOPMENT  
  28-11-2023

Palm tracks rival Dalian oils lower; lower output expectations limit losses

KUALA LUMPUR: Malaysian palm oil futures extended losses to a third consecutive session on Monday, weighed down by a decline in rival oils although anticipation of lower output and improving demand underpinned the contract.

WORLD  
  28-11-2023

Aceh’s palm oil road map aims to increase production, while protecting forests

The Aceh provincial administration has launched a road map that aims to deliver a strategy and policy framework that will guide the province to achieve sustainable palm oil production. Named the Aceh Road Map for Sustainable Palm Oil Development (Aceh SPO road map), the road map aims to increase production but at the same time reduce deforestation.

MARKET DEVELOPMENT  
  27-11-2023

India asks for six million tonnes of palm oil from M'sia, says DPM

25/11/2023 (The Star Online), Kuching - Crude palm oil (CPO) exports to India continue to show positive development as the country's demand for CPO grew to six million tonnes, says Deputy Prime Minister Datuk Seri Fadillah Yusof.

MARKET DEVELOPMENT  
  27-11-2023

CPO futures to stay under price pressure next week amid high inventories

26/11/2023 (New Straits Times), Kuala Lumpur - High palm oil inventories in Malaysia and Indonesia will continue to put price pressure on the crude palm oil (CPO) futures on Bursa Malaysia Derivatives next week.

MARKET DEVELOPMENT  
  27-11-2023

Register for MSPO certification, Fadillah tells local palm oil smallholders

25/11/2023 (The Borneo Post), Sebuyau - Deputy Prime Minister Datuk Seri Fadillah Yusof has called on palm oil smallholders in Sarawak to register for the Malaysian Sustainable Palm Oil (MSPO) certification under the Malaysian Palm Oil Berhad (MPOB).

MARKET DEVELOPMENT  
  27-11-2023

Kuwait imposes one-year ban on export of used cooking oil to foster biofuel industry

26/11/2023 (Gulf News), Dubai - The Kuwaiti Ministry of Trade and Industry, in coordination with the Minister of State for Youth Affairs, has announced Ministerial Resolution No. (172) of 2023, introducing a one-year ban on the export of used cooking oil and its waste from Kuwait.

MARKET DEVELOPMENT  
  27-11-2023

Palm oil-based biojet fuels boost export revenue- expert

26/11/2023 (New Straits Times), Kuala Lumpur - The production of biojet fuels from empty fruit bunches (EFB) biomass is seen as one of the most important solutions for palm oil producing countries like Malaysia to unlock the biomass potential and at the same time increasing its revenue from exporting more high added-value products, said an expert.

MARKET DEVELOPMENT  
  24-11-2023

CIMB unveils 2030 targets for sustainable palm oil production

CIMB Group Holdings Bhd is formalising its 2030 climate target for its palm oil sector portfolio, focusing on sustainable palm oil production.