” to inspire the sustainability of oil palm and other plantation crops for long term profitability and growth “

Current News

 
  • French parliament scraps planned extra tax on palm oil

    French parliament scraps planned extra tax on palm oil

    PARIS: France’s National Assembly has scrapped plans for an additional tax on palm oil, which had caused outcry among major producers, after the government put forward an alternative proposal that would include other vegetable oils used in food.

    Indonesia and Malaysia, the world’s two largest producers, had said the plan, which was aimed at encouraging the sector to reduce the …

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  • Palm oil prices likely to get a boost

    Palm oil prices likely to get a boost

    PETALING JAYA: Falling crude palm oil (CPO) stockpile in the country, which hit a five-year low in May, will boost prices of the commodity in the short term, but analysts say the impact on planters’ earnings will be harder to predict given the recent weak production numbers.

    “It is still premature to expect a steep recovery in second quarter 2016 …

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  • B10 mandate a small but good move for the sector

    B10 mandate a small but good move for the sector

    KUCHING: Analysts at Public Investment Bank Bhd (PublicInvest Research) laud Malaysia’s move to raise the biodiesel mandate for transport sector from B7 to B10 effective June 2, in addition to introducing the B7 biodiesel programme for the industrial sector.

    Both B10 and B7 programme will collectively use up 709,000 of crude palm oil (CPO) domestically, it said, while diesel demand …

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  • Palm oil tax an unhealthy move

    Palm oil tax an unhealthy move

    IN early May, senators in the French Parlia­ment discussed a proposed Bill on biodiversity, nature and landscapes – commonly known as the Biodiversity Bill.

    Although the text is lengthy, the Bill is still a clear demonstration of the common will of the French Parliament to put the debate on biodiversity on the right track. Like many others, I clearly support …

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  • Four sectors allowed to hire foreign workers

    Four sectors allowed to hire foreign workers

    KUALA LUMPUR: The Cabinet is lifting the freeze on hiring foreign workers for four sectors, says Transport Minister Datuk Seri Liow Tiong Lai.

    The decision was made in light of appeals from the manufacturing, construction, plantation and furniture-making industries, which are facing a major shortage of workers.

    “In view of the acute shortage, we have to lift the suspension to …

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  • Malaysian palm price falls to near 2-month low on declining export demand

    Malaysian palm price falls to near 2-month low on declining export demand

    KUALA LUMPUR: Malaysian palm oil futures fell to a near two-month low on Tuesday, as poor demand for palm oil shipments weighed down the market.

    The palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange fell 2.1 percent to 2,539 ringgit ($647) per tonne at the close of trade, marking the fourth consecutive session of declines. It …

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  • Indonesia to issue a moratorium on new palm oil concessions

    Indonesia to issue a moratorium on new palm oil concessions

    JAKARTA: Indonesia, the world’s top producer of palm oil, will issue a moratorium on new palm oil concessions, President Joko Widodo said on Thursday, part of the country’s efforts to reduce the sector’s impact on the environment.

    Home to the world’s third-largest area of tropical forests, Indonesia has been criticised by green activists and other Southeast Asian nations on its …

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