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MARKET DEVELOPMENT
26-01-2024

Malaysia’s palm oil harvest gets boost from foreign worker move

24/01/2024 (The Edge Malaysia), Kuala Lumpur - Palm oil output in Malaysia, the number two supplier, could rise 5% this year after the government allowed plantations to hire foreign workers, said Joseph Tek, chief executive of the Malaysian Palm Oil Association.

MARKET DEVELOPMENT
26-01-2024

Malaysia's POME exports to EU soar in 2023 on healthy waste feedstocks demand

25/01/2024 (S&P Global) - Malaysia's exports of palm oil mill effluent, or POME, climbed in 2023 from a year ago, fueled by healthy demand for waste-derived feedstocks for biodiesel production in the EU, according to the Malaysian Palm Oil Council.

MARKET DEVELOPMENT
24-01-2024

Commerce ministry recommends cutting import duties on cooking oil, sugar, dates ahead of Ramadan

23/01/2024 (BD News) - The Ministry of Commerce has recommended cutting customs duties on cooking oil, sugar and dates ahead of Ramadan based on demands from traders.

MARKET DEVELOPMENT
24-01-2024

Decision to freeze import duty on edible oil will impact goal of achieving ‘Aatma Nirbharta’: Solvent extractors

23/01/2024 (The Hindu Business Line) - The Solvent Extractors’ Association of India (SEA) has said the nation could move further away from achieving the objective of ‘Aatma Nirbharta’ in edible oils, following its decision to freeze import duties.

MARKET DEVELOPMENT
24-01-2024

Malaysia sets up RM100mil fund for smallholders to replant palm oil

24/01/2024 (New Straits Times), Bangi - The government, through the Ministry of Finance and Agriculture and Commodities Ministry, has established a special fund for the Smallholder Palm Oil Replanting Financing Incentive Scheme (TSPKS 2.0).

MARKET DEVELOPMENT
24-01-2024

MPOA: Entry of foreign workers to plantation industry set to generate RM4B revenue

23/01/2024 (The Sun), Kuala Lumpur - KUALA LUMPUR: Malaysia’s palm oil industry is set to generate RM4 billion in revenue if half of the indicated 40,000 foreign workers needed by the sector are allocated harvesting duties, said the Malaysian Palm Oil Association (MPOA).

MARKET DEVELOPMENT
24-01-2024

Kedah Domestic Trade Ministry seizes cooking oil, LPG in Kulim

22/01/2024 (Malay Mail), Alor Setar - Kedah Domestic Trade and Cost of Living Ministry (KPDN) seized 466 one-kilogramme (1kg) packets of cooking oil and 13 cylinders of liquified petroleum gas (LPG) in two separate raids in Kulim yesterday.

MARKET DEVELOPMENT
24-01-2024

Palm oil firms on weaker ringgit, supply worries

23/01/2024 (XM), Singapore - Malaysian palm oil futures roseon Tuesday amid inclement weather in the country, recouping some of the losses from the previous session as a weaker ringgit supported prices, although declines in rival oils capped gains.

LOCAL
23-01-2024

Reducing GHG emission a priority for palm oil industry

IN the growing concern over the climate crisis, a key parameter closely watched is the emission of greenhouse gases that drive global warming, the single most important factor fueling climate change. The principal gas is carbon dioxide. But there are other gases which are multiple times more potent in their global warming potential.

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PALM NEWS MALAYSIAN PALM OIL BOARD Tuesday, 26 Nov 2024

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PALM NEWS MALAYSIAN PALM OIL BOARD Tuesday, 26 Nov 2024

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