Berita Arkib

If the Indonesian government is to meet its self-appointed targets for the reduction of greenhouse gas emissions in response to climate change, the development and utilization of bioenergy looms as an important part of its strategy.

The Council of Palm Oil Producing Countries (CPOPC) urges the European Union (EU) to revise its approach on vegetable oils in biofuels under the framework of the Renewable Energy Directive II (RED II) in light of the upcoming revision of the Directive expected on 14 July 2021 as well as the Commission’s approaching deadline for adopting rules on certifying low indirect land-use change (ILUC)-risk biofuels and updating the list of high ILUC-risk feedstocks.

Palm oil still targets 3,602 ringgit per tonne, as its bounce looks incomplete.

Malaysian palm oil futures ended over 1% higher on Wednesday, lifted by signs of improving demand and strength in rival edible oils, but gains were capped by estimates of rising output.

Chairman Datuk Dzulkifli Abd Wahab said FGV, the largest producer of crude palm oil (CPO) in the world, will make the announcement once the process is completed.

Observers have been keeping a close eye on what is happening at the Malaysian palm oil trade counters. Having reached the highest ever price of Malaysian Ringgit 4829 towards the end of May 2021 – it has come crashing down to Ringgit 3500

Malaysian palm oil futures surrendered early gains to end little changed on Tuesday, dragged by expectations of rising production and Indonesia’s plan to revise its palm oil export levy.

The government is in the final stages of discussions to determine the best mechanism for two-kilogramme (kg) or five kg bottled cooking oil, Plantation Industries and Commodities Minister Datuk Dr Mohd Khairuddin Aman Razali.

Czech Environment Minister Richard Brabec has assured that the European Union (EU), under the presidency of the Czech Republic, will support Indonesia’s efforts to develop sustainable palm oil.

Business and association leaders from various industries in Malaysia were unanimous in their call for the government to ratify the Regional Comprehensive Economic Partnership (RCEP) and the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) free trade agreements (FTAs) as soon as possible.

Indonesia’s decision to change the levy structure for palm oil exports is expected to improve profit margin for exporters, Indonesia Palm Oil Association (GAPKI) said, though other groups felt the frequent changes in rules are hurting demand.

Malaysian palm oil futures surrendered early gains to end little changed on Tuesday, dragged by expectations of rising production and Indonesia's plan to revise its palm oil export levy.