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OILS & FATS
29-11-2022

Palm oil planters group seeks appointment of minister who understands industry woes

28/11/2022 (The Edge Markets), Kuala Lumpur - The Malaysian Palm Oil Solidarity Group (POSG) has urged Prime Minister Datuk Seri Anwar Ibrahim to pick a minister for the industry, who has the experience and attributes to understand the wide spectrum of serious issues that beset the Malaysian palm oil sector.

OILS & FATS
29-11-2022

Hypocritical to disallow palm oil for sustainable aviation fuel

29/11/2022 (New Straits Times) - Letters: The Centre for Research, Value Innovation and Entrepreneurship (Cervie) recently hosted a talk by Airbus Malaysia, which touched on challenges and opportunities in global business, as the industry must come to grips with the world demand for sustainability.

OILS & FATS
29-11-2022

Sime Darby Plantation submits action plan to Roundtable Sustainable Palm Oil

28/11/2022 (Malay Mail), Kuala Lumpur - Sime Darby Plantation Bhd said it has submitted its action plan on the findings from an independent verification assessment to the Roundtable Sustainable Palm Oil (RSPO) ahead of schedule.

OILS & FATS
29-11-2022

Pick experienced minister for oil palm industry – Group

27/11/2022 (Borneo Post Online), Kota Kinabalu - The Malaysian Palm Oil Solidarity Group in congratulating Datuk Seri Anwar Ibrahim on his appointment as Malaysia’s 10th Prime Minister, said it looks forward to a fresh approach under his leadership to move the nation forward, with policies that will enable economic and social progress resulting in benefits to be shared equitably amongst all Malaysians.

OILS & FATS
29-11-2022

Malaysia should engage with EU on new corporate sustainability reporting directive, says MPOC

28/11/2022 (The Edge Markets), Kuala Lumpur - Malaysia should engage with the European Union (EU) on the EU’s new Corporate Sustainability Reporting Directive (CSRD) and any future rules that will have a significant impact on a broad range of companies operating in the world’s largest trading bloc, the Malaysian Palm Oil Council (MPOC) said.

OILS & FATS
29-11-2022

Sarawak targets revenue of RM11bil by 2023

28/11/2022 (The Star Online), Kuching - Sarawak targets a revenue collection of more than RM11bil by next year, the highest ever.

MARKET DEVELOPMENT
29-11-2022

Hard times ahead: Malaysia palm oil sector growth outlook grim due to labour, climate and economic woes

28/11/2022 (Food Navigator) - The Malaysian palm oil sector believes these is little prospect of seeing market growth in the coming year due to labour, economic and climate challenges.

MARKET DEVELOPMENT
25-11-2022

VEGOILS-Palm oil slumps as Malaysian ringgit surges

JAKARTA, Nov 24 (Reuters) - Malaysian palm oil futures fell on Thursday, snapping a three-day rally, as the ringgit posted its biggest surge in over six years over an end to a political deadlock, triggering some profit-taking.

MARKET DEVELOPMENT
25-11-2022

SEA Urges Govt To Hike Refined Palm Oil Import Duty To 20% To Save Local Refiners

Edible oil industry body SEA has written to the Union food minister Piyush Goyal to increase import duty on refined palm oil to 20 per cent from the current 12.5 per cent in order to protect domestic refiners.

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