Berita Arkib

The parliament of canton Geneva has voted for a resolution to exclude palm oil and its derivatives from free trade negotiations with Indonesia and Malaysia. Five other Swiss cantons have launched similar measures.

SINGAPORE (Feb 26): Palm oil failed to break a resistance at 2,537 ringgit per tonne, it may retest this level after a moderate correction to a support at 2,512 ringgit.

Legislators on the parliamentary committee on agriculture have advised government to swiftly implement the oil palm project on Buvuma Islands, warning that any further delays would give unscrupulous individuals a chance to grab land earmarked for the project.

The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday Feb 23.

Malaysian palm oil futures fell on Thursday evening, ending the day slightly weaker after posting gains at noon, as market sentiment turned bearish on a less than expected drop in output.

Palm oil looks neutral in a range of 2,482-2,512 ringgit per tonne, and an escape may suggest a direction.

If Britain and other European nations are to fulfil forest protection goals, they must ban the use of palm oil for biofuel and tighten oversight of supply chains, a delegation of forest peoples told parliamentarians this week

Environmental activists have called for the issue of palm oil to be excluded from discussions taking place this week between the Indonesian government and a European Union trade delegation.

Sime Darby Plantation Bhd (SDPlant), which yesterday announced a 35 per cent net profit surge in the second quarter, is keen to buy into India’s Ruchi Soya Industries Ltd.

A total of 60 civil society organisations from Indonesia and Europe have signed a joint statement laying out serious concerns with the EU-Indonesia trade agreement. These behind-closed-doors trade negotiations - like CETA and TTIP - jeopardise an equitable and just future.

Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong said 633,232 ha of oil palm plantation and 59 mills have voluntarily obtained the Malaysia Sustainable Palm Oil (MSPO) certification as of January.

The final version of a landmark deal aimed at cutting trade barriers in some of Asia-Pacific's fastest-growing economies was released on Wednesday, signalling the pact was a step closer to reality even without its star member the United States.