PALM NEWS MALAYSIAN PALM OIL BOARD Friday, 22 Nov 2024

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Berita Arkib

OILS & FATS  
  17-07-2024

Deputy minister urges palm oil industry to repurpose residuals for sustainable aviation fuel

16/07/2024 (Borneo Post), Kuala Lumpur - The palm oil industry should explore repurposing residuals as a crucial feedstock for sustainable aviation fuel (SAF), moving beyond traditional uses of palm oil, said Deputy Investment, Trade and Industry Minister Liew Chin Tong.

OILS & FATS  
  17-07-2024

RM6.12bil collected from palm oil industry windfall tax from 1999 to last year

16/07/2024 (New Straits Times), Kuala Lumpur - A total of RM6.12 billion of windfall tax from the palm oil industry has been collected and deposited into the Federal Consolidated Fund from 1999 to 2023.

OILS & FATS  
  17-07-2024

Govt to ensure MSPO complies with EU regulations, says Johari

16/07/2024 (New Straits Times), Kuala Lumpur - The Agriculture and Commodities Ministry is taking various efforts to ensure that the Malaysian Sustainable Palm Oil (MYSPO) certification meets the requirements of the European Union's Forest Law Enforcement, Governance and Trade Regulation (EUDR).

OILS & FATS  
  17-07-2024

Palm oil snaps two-day losing streak on rivals’ strength, higher export estimates

16/07/2024 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures rose on Tuesday to snap a two-day decline, buoyed by stronger rival Dalian and Chicago contracts and higher export estimates.

OILS & FATS  
  17-07-2024

Germany produced 3.7 million tonnes of biodiesel last year

16/07/2024 (Biofuels International) - Germany exported a total of just less than 1.7 million tonnes of rapeseed meal. This was up about 26% on the same period a year earlier.

OILS & FATS  
  16-07-2024

Malaysia secures over RM230mil in palm oil trade deals during china visit

15/07/2024 (The Star), Kuala Lumpur - Malaysia has secured over RM230 million in palm oil trade deals during Deputy Plantation and Commodities Minister Datuk Chan Foong Hin’s recent working visit to China.

OILS & FATS  
  16-07-2024

Palm oil set to rise in 2H as La Nina poses supply risk

15/07/2024 (The Edge Malaysia) - Palm oil is likely to extend its rally through the second half of the year (2H2024), as the looming onset of La Nina threatens already-strained supplies of the world’s most-consumed cooking oil.

OILS & FATS  
  16-07-2024

Malaysia palm oil futures to average RM3,850-4,000 a tonne, says industry body

15/07/2024 (New Straits Times), Kuala Lumpur - Malaysia's benchmark crude palm oil futures are expected to average between RM3,850 and RM4,000 (US$823.53 and $855.61) per metric ton this year, a slight increase from the RM3,800 per tonne average in 2023, the Malaysian Palm Oil Association (MPOA) said on Monday.

OILS & FATS  
  16-07-2024

No plans to reinforce oil palm replanting programme via grants - MPC

15/07/2024 (The Sun), Kuala Lumpur - The government does not plan to reinforce the oil palm replanting programme via grants for now, the Ministry of Plantation and Commodities (MPC) said.

OILS & FATS  
  16-07-2024

Stakeholders plan symposium in Malaysia to reposition Nigeria’s palm oil production

15/07/2024 (Business Day) - Worried by the Nigeria dropped from being the largest palm oil producer in the world to the 5th position, the Incorporated Society of Planters (ISP), Africa chapter has planned a maiden symposium to be held in Malaysia.

OILS & FATS  
  15-07-2024

CPO futures expected to trade lower next week amid rising output concern

14/07/2024 (New Straits Times), Kuala Lumpur - Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with a downside bias, given rising output expectation in the coming week, said palm oil trader David Ng.

OILS & FATS  
  15-07-2024

FGV launches improved sustainability framework to help transform palm oil sector

14/07/2024 (New Straits Times), Kuala Lumpur - FGV Holdings Bhd has introduced its improved Sustainability Framework to support the nation's initiatives in transforming the palm oil industry and achieving broader sustainability objectives.