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  • Additional Licence Conditions And Criteria for Implementation of MSPO
    In line with the mandatory implementation of the MSPO Certification Scheme commencing 2019, MPOB has proposed additional licence conditions and criteria for the application and renewal of licences accordingly. These proposed additional conditions and criteria are issued for public comments and the dateline is 31 October 2018. Henceforth, members are strongly encouraged to submit their views […]
  • Kok: EU impeding Malaysia from achieving UN sustainable development goals
    KUALA LUMPUR: Minister of Primary Industries Teresa Kok has criticised the European Union (EU) for impeding Malaysia from achieving UN Sustainable Development Goals (SDGs) through its continuous push to phase out palm oil from its markets. In a statement, she said Malaysia has taken various efforts to invest in sustainability and comply with sustainable practices, […]
  • Investments in sustainable palm oil seem futile
    PETALING JAYA: Investments into sustainable palm oil seems to be futile in the face of strengthening anti-palm oil lobby in the European Union (EU) presently, said Primary Industries Minister Teresa Kok. Kok said the EU had impeded Malaysia from achieving the UN Sustainable Development Goals (SDGs) through its continuous push to phase out palm oil […]
  • Customs: Palm oil producers not subject to SST
    KUALA LUMPUR (Oct 5): Palm oil producers are not subject to the sales and service tax (SST), Royal Malaysian Customs Director-General Datuk Seri Subromaniam Tholasy clarified today. In a statement, Subromaniam said under the new SST framework, only imported fresh fruit bunches (FFB) will be subject to import sales tax to protect the interests of […]
  • Palm oil producers urge govt to review 5% sales tax
    KUALA LUMPUR: Palm oil producers are urging the government to reconsider and review the Sales Tax (Rates of Tax) Order 2018 on fresh fruit bunches (FFB) as the industry is already burdened by cesses, levies and taxes, including the corporate tax. The Malaysian Palm Oil Association (MPOA) said on Thursday this was a matter of […]
  • MPOA’s Mohd Nageeb appointed Felcra Bhd chairman
    By Suhaila Shahrul Annuar – September 27, 2018 @ 11:15am PUTRAJAYA: Malaysia Palm Oil Association (MPOA) chief executive officer Datuk Mohd Nageeb Abdul Wahab has been appointed Felcra Bhd’s new chairman, effective Oct 1. The appointment, which was announced by the Prime Minister’s Office (PMO) in a statement today, fills a post which has been vacant since Datuk […]
  • MPOA lauds move to preserve forest
    KUALA LUMPUR: The Malaysian Palm Oil Association (MPOA) fully supports the Primary Industries Ministry’s move to preserve more than 50% of the country’s land as forest, while its members focus on enhancing their oil palm yields. This comes to light after the world’s largest palm oil producers Malaysia and Indonesia took a firm stance not […]


RSS Palm Oil News

  • Palm oil may test resistance at 2,238 ringgit October 22, 2018
    Palm oil may test a resistance at 2,238 ringgit per tonne, a break above which could lead to a gain to 2,262 ringgit. The contract is expected to stabilise around a support at 2,219 ringgit, which is provided by the 50 percent projection level of an upward wave C from the Sept. 20 low of […]
  • Malaysia, EU to sign PCA in January 2019 October 19, 2018
    Malaysia and the European Union (EU) plan to sign a partnership cooperation agreement (PCA) in January 2019, Deputy Prime Minister Datuk Seri Dr Wan Azizah Wan Ismail said. Malaysia will be looking beyond bilateral trade and investment once the PCA is signed with the EU, she told Bernama and RTM after meeting Federica Maria Mogherini, […]
  • Malaysian palm oil price falls tracking weakness in related oils October 19, 2018
    Malaysian palm oil futures fell on Thursday, snapping two days of gains, as it tracked weaker crude oil prices and a drop in U.S. soyoil in Chicago. The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange closed down 1 percent at 2,239 ringgit ($538.87) a tonne, its sharpest decline in […]
  • Palm rises on lean output expectations, firm soyoil futures October 18, 2018
    Malaysian palm oil futures were poised for a second day of gains on Wednesday, buoyed by firm soyoil on the Chicago Board of Trade and on expectations of lean production growth in October. The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange was up 0.5% at 2,254 ringgit (US$542.87) a […]
  • EU palm oil expert panel to visit M’sia end of the month October 18, 2018
    The European Commission's (EC) palm oil expert panel will make its first visit to Malaysia at the end of this month to address concerns over the sustainability of the palm oil industry. Primary Industries Minister Teresa Kok said she hoped the panel members would recognise Malaysia's efforts towards achieving the United Nations Sustainable Development Goals […]