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

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Current News

 

RSS Around the Web

  • 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

  • Malaysian palm oil price snaps earlier losses on US soyoil gains, weaker ringgit October 23, 2018
    Malaysian palm oil futures edged up on Monday, snapping two previous sessions of declines, supported by gains in U.S. soyoil and a weaker ringgit, palm's trading currency. A weaker ringgit tends to support palm oil by making it cheaper for holders of foreign currencies. The ringgit was last down 0.1 percent against the dollar, and […]
  • Palm oil may gain further to 2,262 ringgit October 23, 2018
    Palm oil may gain further to 2,262 ringgit per tonne, as it has found a support at 2,219 ringgit. The support is provided by the 50 percent projection level of an upward wave C from the Sept. 20 low of 2,137 ringgit. It coincides with the neckline support of an inverted head-and-shoulders.
  • Malaysian palm oil/Vegoils: Market factors to watch Tuesday Oct 23 October 23, 2018
    Malaysian palm oil futures edged up on Monday, snapping two previous sessions of declines, supported by gains in U.S. soyoil and a weaker ringgit, palm's trading currency. U.S. corn futures inched higher on Monday, snapping a four-session slide, as forecasts for rains to re-emerge in the Midwest next week raised concerns about harvest delays and […]
  • India's groundnut output seen down 29pct, possible rise in palm oil imports October 23, 2018
    India's groundnut output from summer-sown crop is likely to fall 29.2 percent from a year ago to 3.74 million tonnes as scanty rainfall hit yields in the top producing western state of Gujarat, a leading trade body said on Monday. The drop in output could force the world's biggest edible oil importer to raise overseas […]
  • 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 […]