Berita Arkib

28/11/2023 (The Star Online) - THE quota of 60,000 tonnes of subsidised cooking oil a month is sufficient if used solely by locals and not foreigners, says Fuziah Salleh.

28/11/2023 (Malay Mail), Putrajaya - The government has been conducting an audit on subsidised cooking oil in every state and district since October this year to resolve the issue of leakages, said Acting Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali.

27/11/2023 (Free Malaysia Today), Kuala Lumpur - Johari Ghani (BN-Titiwangsa) has suggested that Putrajaya replace the subsidies for cooking oil sold in 1kg polybags with direct cash aid to curb leakages.

28/11/2023 (Hellenic Shipping News) - Malaysian palm oil futures ticked up on Tuesday after range-bound trade, supported by strength in rival edible oils, although poor demand and expectations of declining production kept the contract near a two-week low.

27/11/2023 (DW) - Malaysia and Indonesia want to bring other Southeast Asian countries on their side amid ongoing disputes with the European Union over environmental and deforestation regulations that are set to take effect in late 2024, with the two nations worried about the regulations' impact on the region's agriculture exports.

28/11/2023 (The Edge Malaysia), Kuala Lumpur - Ta Ann Holdings Bhd’s net profit fell 36% to RM65.14 million in the third quarter ended Sept 30, 2023 (3QFY2023), from RM101.5 million a year ago, on lower palm oil and plywood product prices. The group also recognised a gain of RM4.9 million from changes in the fair value of biological assets.

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.

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.

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.

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.

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.

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.