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  • Malaysia challenges the world over palm oil on peatland

    Malaysia challenges the world over palm oil on peatland

    Kuching, Serawak, Malaysia | Wed, August 24 2016.

    Malaysia is a “lone ranger” in Southeast Asia as it fights more or less solo against the majority of environmentalists’ views that palm oil trees should not be planted on tropical peatland as it is believed to severely affect the local environment and exacerbate global warming.

    Malaysia, the second biggest palm oil …

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  • Hefty taxes impinge on palm oil’s competitiveness

    Hefty taxes impinge on palm oil’s competitiveness

    KUCHING: The tax structure in Malaysia is one of the factors hindering the oil palm industry’s competitiveness, especially when compared to Indonesia.

    According to IJM Plantations Bhd (IJM Plantations) chief executive officer and managing director Joseph Tek Choon Yee, Malaysia producers are more competitive against the Indonesian producers when crude palm oil (CPO) prices are below RM2,300 per tonne but …

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  • FFB thefts ‘history’ by year-end

    FFB thefts ‘history’ by year-end

    KUCHING: The state government hopes to put a stop to fresh fruit bunch (FFB) thefts by the end of this year.

    Deputy Chief Minister Datuk Amar Douglas Uggah Embas said although the number of such cases had dropped, it remained a problem.

    “I have assigned Assistant Minister of Rural Economy (Interior Areas) and Plantation Datuk Francis Harden Hollis to look …

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  • Plantation sector at ‘neutral’

    Plantation sector at ‘neutral’

    PETALING JAYA: Most research houses are maintaining a “neutral” call on the plantation sector, given the rising stocks and increasing production, but the average crude palm oil (CPO) price forecast for 2016 remains intact at RM2,400-RM2,500 per tonne.

    Kenanga Investment Bank Bhd, in its third quarter (Q3) 2016 strategy report yesterday, said as peak production season came in, CPO prices …

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  • French parliament scraps planned extra tax on palm oil

    French parliament scraps planned extra tax on palm oil

    PARIS: France’s National Assembly has scrapped plans for an additional tax on palm oil, which had caused outcry among major producers, after the government put forward an alternative proposal that would include other vegetable oils used in food.

    Indonesia and Malaysia, the world’s two largest producers, had said the plan, which was aimed at encouraging the sector to reduce the …

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  • Palm oil prices likely to get a boost

    Palm oil prices likely to get a boost

    PETALING JAYA: Falling crude palm oil (CPO) stockpile in the country, which hit a five-year low in May, will boost prices of the commodity in the short term, but analysts say the impact on planters’ earnings will be harder to predict given the recent weak production numbers.

    “It is still premature to expect a steep recovery in second quarter 2016 …

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  • B10 mandate a small but good move for the sector

    B10 mandate a small but good move for the sector

    KUCHING: Analysts at Public Investment Bank Bhd (PublicInvest Research) laud Malaysia’s move to raise the biodiesel mandate for transport sector from B7 to B10 effective June 2, in addition to introducing the B7 biodiesel programme for the industrial sector.

    Both B10 and B7 programme will collectively use up 709,000 of crude palm oil (CPO) domestically, it said, while diesel demand …

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