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  • French hostility to palm oil trade hurting bilateral relations: MPOB

    French hostility to palm oil trade hurting bilateral relations: MPOB

    KUALA LUMPUR: France’s current adversarial position on the palm oil trade is hurting relations with Malaysia, Malaysian Palm Oil Board chairman Datuk Seri Ahmad Hamzah said today.

    “French attacks on (the palm oil industry) are uncalled for and misguided. France should be cherishing 60 years of diplomatic relations with Malaysia,” he said.

    Ahmad was responding to France Environment Minister Nicolas …

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  • Global palm oil output likely to rise by 6 million tonnes

    Global palm oil output likely to rise by 6 million tonnes

    KUALA LUMPUR: Global palm oil output is expected to increase by six million tonnes in 2017 as oil palm trees were recovering from the adverse effects of the El Nino, says a leading industry analyst Thomas Mielke.

    He said the current good weather, particularly in Malaysia and Indonesia, the world’s top two producers was also aiding output.

    In 2016, palm …

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  • Let’s light up palm oil history

    Let’s light up palm oil history

    The industry’s centenary this year is a learning opportunity not to be wasted

    THE Malaysian palm oil industry turns 100 this year. Pinpointing the start of an industry this old is often tricky, but in this case, the birth is widely recognised as the first time that oil palm was planted commercially in this country.

    That was in 1917. The …

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  • Cabinet agrees to postpone levy payment on foreign workers to 2018

    Cabinet agrees to postpone levy payment on foreign workers to 2018

    PUTRAJAYA, Jan 11 — The Cabinet has agreed to postpone to next year, the implementation of levy payment on foreign workers by employers, which will be enforced under the Employer Mandatory Commitment (EMC).

    Transport Minister Datuk Seri Liow Tiong Lai said the Cabinet today, had also agreed to look into a proper ecosystem, aimed at providing convenience to industries in …

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  • Nutella maker defends palm oil

    Nutella maker defends palm oil

    Ferrero runs TV commercial to allay fear over cancer risk

    ALBA: The US$44bil palm oil industry, under pressure in Europe after authorities listed the edible oil as a cancer risk, has found a vocal ally in the food sector: the maker of Nutella.

    Italian confectionery firm Ferrero has taken a public stand in defence of an ingredient that some other …

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  • Oil palm planters to benefit from strong dollar, limited supply

    Oil palm planters to benefit from strong dollar, limited supply

    KUALA LUMPUR: OIL palm planters can look forward to encouraging palm oil pricing on the back of a strong US dollar and limited supply of the oil as palm trees are still recovering from the El Nino weather phenomenon. In the past two years, oil palm trees have been bearing less fruit. This year, palm oil production in Indonesia and …

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  • Proposed Amendments To The MPOB ACT 1998 (ACT 582) – Call for Views

    Proposed Amendments To The MPOB ACT 1998 (ACT 582) – Call for Views

    To : All Registered Members

    Please be informed that MPOB has proposed several amendments to the MPOB Act relating to commercialization, enforcement and investments. Attached are the detailed proposed amendments to the various sections of the Act for your kind attention.

    MPOB Act Proposed Amendments.pdf

    We would appreciate receiving your views/comments on or before 18 November 2016 for collation by …

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RSS Palm Oil News

  • Malaysian palm oil price jumps 2% on improving export demand July 21, 2017
    The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange was up 2 percent at 2,576 ringgit ($600.47) on Thursday evening, its strongest daily gain in nearly four months. The market earlier hit an intraday high of 2,578 ringgit, its highest level since July 12.
  • UPM professor invents new e-cutter for Felda oil palm smallholders July 21, 2017
    HULU SELANGOR: The immense labour force needed by oil palm smallholders is poised to be slashed significantly with the invention of Universiti Putra Malaysia’s electric cutter.
  • M'sia targets 50% rise in palm product exports to Philippines by 2020 July 21, 2017
    KUALA LUMPUR: Malaysia is targetting the export of palm oil and palm-based products to the Philippines to increase by 50% to RM3bil by 2020, from RM1.99bil recorded in 2015.
  • Malaysian palm oil/Vegoils: Market factors to watch Thursday July 20 July 20, 2017
    Malaysian palm oil futures rebounded on Thursday evening, lifted from an earlier two-week low by expectations of stronger cargo surveyor data. The market had fallen on an expected increase in production, with Malaysia's palm oil output on track to rebound this year from an El Nino-affected 2016, though a Reuters poll of traders, planters and […]
  • Malaysia targets Philippines to import more palm oil, rubber July 20, 2017
    The Philippines is expected to buy more palm oil from Malaysia as exporters ramp up promotional activities with the Philippines International Trade Corp. Malaysian Palm Oil Board (MPOB) data revealed, in 2016, exporters shipped 625,007 tonnes to the Philippines. Authoritative journal Oil World estimated the Philippines bought around 950,000 tonnes of palm oil in 2016, […]

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