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

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Current News

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RSS Around the Web

  • Palm Oil Titan Warns EU Limits on Biofuel Use Will Backfire
    Franky Widjaja Photographer: Dario Pignatelli/Bloomberg Franky Widjaja, head of one of the world’s biggest palm plantation companies, warned that the European Union’s plans to restrict use of the tropical oil in biofuel will misfire as the move will hurt growers and jeopardize future supplies of the vegetable oil. The world needs palm oil as supplies from […]
  • Reduced extension levy fees for foreign workers finally enforced
    PUTRAJAYA: The reduced extension levy fees for foreign workers in five sectors is finally enforced, says the Immigration Department. Its Foreign Workers division director Datuk Khairul Khar Yahya said that reduced levy from RM10,000 to RM6,000 for the construction, manufacturing and service sector had been gazetted on April 30. “I would like to announce the […]
  • Noted British environmentalist defends palm oil
    APRIL 13, 2019 @ 8:05AM BY ELENA KOSHY Porritt receiving an honorary degree from University of Exeter in 2008. DISTINGUISHED environmentalist Sir Jonathon Porritt is more than a little kind to me. That’s saying a lot after I called him a ‘barista’ instead of a ‘barrister’. It’s obvious that he’s not about to serve me a […]
  • Jokowi, Mahathir Tell Brussels to Get Ready for Retaliation Over Discriminatory Palm Oil Restriction
    Jakarta. Indonesian President Joko “Jokowi” Widodo and Malaysian Prime Minister Mahathir Muhammad have sent a scathing joint letter to the European Union, conveying grave concerns from the two countries over an EU plan that would effectively ban palm oil fuel in its member states over the next decade. The letter comes with a threat of trade […]
  • Envoys to help smallholders make EU call off palm oil restriction
    TANJUNG MALIM (April 8): The ambassadors from several European Union (EU) countries are ready to present the pleas of oil palm smallholders for the bloc to call off its plans to restrict Malaysian palm oil products effective 2030. FELCRA Berhad (Felcra) chairman Datuk Nageeb Wahab said the ambassadors gave their commitment after visiting the Felcra […]
  • US-China soy trade war could destroy 13 million hectares of rainforest
    Study suggests Brazil likely to rush to fill China’s sudden soy shortfall by boosting farming Jonathan Watts  @jonathanwatts  A soy plantation in the Amazon rainforest near Santarem, Brazil. Photograph: Ricardo Beliel/Getty Images The Amazon rainforest could be the greatest casualty of the trade war between the United States and China, warns a new study showing how deforestation […]
  • PM: Retaliation inevitable if EU continues to treat palm oil industry unfairly
    Prime minister Tun Dr Mahathir Mohamad with Home Minister Tan Sri Muhyiddin Yassin at the press conference after Special Cabinet Committee on Anti-Corruption meeting. Bernama By Azura Abas, Manirajan Ramasamy March 19, 2019 @ 8:12pm PUTRAJAYA: Malaysia may be forced to retaliate if the European Union (EU) continues to treat Malaysian palm oil industry unfairly, said Tun […]

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RSS Palm Oil News

  • Malaysian palm oil price jumps more than 2pct on higher demand, stronger soyoil May 17, 2019
    Malaysian palm oil futures rose to a more than two-week high on Thursday evening on better demand for the edible oil, moving up for the fourth straight day as they tracked gains in soyoil on the U.S. Chicago Board of Trade. The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange […]
  • Teresa Kok: Europe offers better opportunities for palm oil market May 16, 2019
    In the face of the impending passing of the Delegated Act to phase out palm oil by the European Union, Primary Industries Minister Teresa Kok is positive that all is not lost as her European mission on palm oil has opened more doors for negotiations. The minister, with her entourage of senior officials from the […]
  • Palm oil price at week high on stronger soyoil, weaker ringgit May 16, 2019
    Malaysian palm oil futures climbed to a one-week top in early trade on Wednesday, in line to chart a third consecutive day of gain, as it tracked an increase in U.S. soyoil on the Chicago Board of Trade (CBOT) and a weaker ringgit.
  • Malaysia keeps June crude palm oil export duty at 0pct May 15, 2019
    Malaysia kept its export duty on crude palm oil for June unchanged 0%, according to a circular on the Malaysian Palm Oil Board's website on Tuesday, citing the national customs department. The duty has been at 0% since September.
  • Malaysian palm oil price climbs more than 1pct as ringgit weakens May 15, 2019
    Malaysian palm oil futures rose more than 1% for a second day of gains on Tuesday, supported by a weaker ringgit and expectated higher demand in May. The ringgit, palm's currency of trade, weakened by 0.2% against the dollar on Tuesday evening. A weaker ringgit usually supports palm oil by making it cheaper for foreign […]