KUALA LUMPUR: Sime Darby Bhd expects its estates throughout Peninsular Malaysia to be MSPO-certified by the first quarter of 2018, said its plantation division chief executive officer Datuk Franki Anthony Dass. Compliance with the Malaysian Sustainable Palm Oil (MSPO) certification is mandatory for all oil palm planters in the country by the end of 2019. […]
KUALA LUMPUR: Palm oil experts expect the price of the commodity to hover between RM2,600 and RM2,900 per tonne these few months before turning weak as supply outstrips demand by mid-2018. At the recently concluded International Palm Oil Congress & Exhibition (PIPOC 2017) hosted by the Malaysian Palm Oil Board (MPOB) here, LMC International chairman […]
MANILA: Malaysia views European Union’s (EU) move to link palm oil industry with deforestation very seriously and is ready for counter action to protect the welfare of the 600,000 smallholders in the country. Prime Minister Datuk Seri Najib Razak said during the Asean – European 40th Commemorative Summit yesterday, he emphasised that the move to […]
MANILA: Malaysia and Indonesia will consider imposing trade sanctions against the European Union (EU) if it does not rescind what the two countries consider an “unfair resolution” against the palm oil industry, says Datuk Seri Najib Tun Razak. “We consider the EU parliament’s recent resolution discriminatory against both our countries and could affect the livelihoods […]
MPOA organized two study visits for secondary school students to Sime Darby Plantations at Carey Island recently. 51 students from SMK Bandar Utama Damansara and Seri Cahaya School, Shah Alam were part of the visits. Accompanied by a team of teachers and facilitators, the study visits were half day programmes with visits to the estate […]
Between Oct 13 and Oct 21, 2017, a bi-partisan parliamentary committee comprising six MPs – led by Malaysian Palm Oil Board Chairman and Jasin MP Datuk Seri Ahmad Hamzah with Datuk Liang Teck Meng, Datuk Marcus Mojigoh, Datuk Seri Bung Mokhtar Radin, Datuk Zahidi Zainul Abidin and Dr Azman Ismail – spent nine days in […]
KUALA LUMPUR: Oil palm planters have recently appealed to the government to raise the threshold level of windfall tax as the industry face increasing costs of doing business. “Planters are facing an increasingly tough time with costlier production. There’s acute labour shortage and minimum wages is rising rapidly,” said Malaysian Palm Oil Association (MPOA) newly-appointed […]
KUALA LUMPUR (Dec 5): Felda Global Ventures Holdings Bhd (FGV) expects to obtain the first Roundtable on Sustainable Palm Oil (RSPO) certification for eight of its palm oil mill complexes before the end of 2017.
Malaysian November palm oil inventories may have grown by 14% month on month to 2.5 million mt, driven by higher crude palm oil production in Sabah and peninsular Malaysia and lower import demand from destination markets like India, China and the EU, predicted the latest palm oil forecast from Malaysia's CIMB Bank.
KUALA LUMPUR: Malaysian palm oil futures reached their lowest level in more than four months on Tuesday as the ringgit strengthened, making the tropical oil more expensive for holders of foreign currencies.
KUALA LUMPUR (Dec 5): Malaysian palm oil futures reached their lowest level in more than four months on Tuesday, as the ringgit strengthened, making the tropical oil more expensive for holders of foreign currencies.