The world’s biggest growers of palm oil say they’re stepping up efforts to produce the contentious commodity more sustainably, but consumers are unwilling to pay more for environmentally friendly supply. Production of sustainable palm oil has jumped to a record 13.6 million metric tons a year, about 20 percent of global output, according to the industry […]
Many European nations categorise palm oil producers in Southeast Asia as the drivers of deforestation and unsustainable agricultural practices. – NSTP FILE PIC By WONG HENG KHONG – January 9, 2019 @ 12:14am RECENTLY, the Norwegian Parliament requested its government to limit and phase out palm oil in its biofuels policy, to take effect from January 2020. The […]
By Bernama – January 8, 2019 @ 1:15pm KUALA LUMPUR: Prime Minister Tun Dr Mahathir Mohamad will be writing letters to France and Norway to protest against their nations’ decision to ban palm oil, says Primary Industries Minister Teresa Kok Suh Sim. “We are working on it now. Tun Dr Mahathir Mohamad will send in Malaysia’s official protests […]
A SMILE spreads across Muhammad Yaa cob Ibrahim’s face as he reminisces about the good old days when he moved to Felda Serting Hilir 7 here in Negri Sembilan back in 1989. The 61-year-old packed his bags and took his wife and four kids to the settlement from Kuala Lumpur after being offered a 4ha piece of land to […]
January 3, 2019 @ 9:00pm Ooi Tee Ching PUTRAJAYA: Primary Industries Minister Teresa Kok said there are no specific laws in Malaysia that prohibits importation of food products bearing the ‘No Palm Oil’ labels. She, however, appeals to retailers, especially supermarket operators, to refrain from such unethical retail practices. “I have received photo evidence of […]
MUMBAI (Reuters) – India has cut import taxes on crude and refined palm oil from Southeast Asian (ASEAN) countries after a request from suppliers, a government notification said. The reduction will lead to higher imports of palm oil by the world’s biggest edible oil buyer in coming months as it would narrow the difference between […]
Most affected: Oil palm smallholders worldwide who plant the crop as a route out of poverty will be hit by British supermarket chain Iceland Foods’ move to ban palm oil products from its own-brand range. IN Nigeria and across Africa and the wider developing world, it is well known that the United Kingdom is one […]
Malaysian palm oil futures saw its sharpest daily decline in six weeks on Monday, reversing earlier gains after the market turned bearish ahead of export data from cargo surveyors. The data, due on Tuesday, is expected to show slowing growth in exports for the Jan. 1-15 period, compared to Jan. 1-10 when they surged by […]
Palm oil may retest a support at 2,150 ringgit per tonne, a break below which could cause a loss to the next support at 2,121 ringgit. These supports are identified respectively as the 138.2 percent and the 114.6 percent projection levels of an upward wave c from 1,979 ringgit. The uptrend from 1,940 ringgit could […]
Malaysian palm oil futures rebounded from a one-week low on Friday, tracking rises in crude oil prices. U.S. wheat futures rallied from one-week lows on Friday in a technical and bargain-buying bounce as a weakened U.S. dollar and rising wheat prices in rival exporting nations boosted prospects for U.S. shipments.
Malaysian palm oil futures declined at their sharpest daily rate in two weeks by the end of trade on Thursday, snapping two sessions of gains, on bearish official data on December inventories, production and exports.