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

Current News

 
  • Global palm oil output to recover in H1 2017 as El Nino effects fade

    Global palm oil output to recover in H1 2017 as El Nino effects fade

    KUALA LUMPUR, Sept 22 — Global palm oil production will recover in 2017, increasing by 4 million tonnes in the first half of next year from the same time in 2016, said leading industry analyst James Fry, after the crop damaging El Nino weather event reduced output this year.

    Rising palm oil production could dampen benchmark palm oil prices, which …

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  • Malaysian Government reviewing CPO tax ahead of Budget 2017

    Malaysian Government reviewing CPO tax ahead of Budget 2017

    PUTRAJAYA (Sept 20): The Malaysian Government is considering the oil palm sector’s tax policy suggestions, which include double deduction for companies, which promote industry sustainability.

    Speaking to reporters today, Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong said the Government was also evaluating suggestions on crude palm oil (CPO) tax.

    Mah said industry players had proposed the introduction …

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  • Malaysia to persuade France not to hike tax on palm oil imports

    Malaysia to persuade France not to hike tax on palm oil imports

    PUTRAJAYA: Malaysia, as a major palm oil producer, will try and persuade France not to hike duties on Malaysian palm oil which currently attracts 21 per cent import tax, said Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong.

    “We are engaged in high-level discussions with French parliamentarians.

    “Malaysia is concerned as the proposal is to increase the import …

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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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RSS Palm Oil News

  • Tight palm oil supply expected to continue September 26, 2016
    THE prevailing tightness in the global supply of palm oil, the world’s most traded vegetable oil, is expected to continue this year
  • CPO production seen recovering in new oil year September 26, 2016
    KUALA LUMPUR: Crude palm oil prices are expected to drop around 19% from current levels to RM2,200 per tonne over the next two months as production recovers in the new oil year, a leading industry analyst, Dorab Mistry, said.
  • FMM hails B7 implementation in industrial sector September 26, 2016
    PUTRAJAYA (Sept 23): Despite some concerns over the introduction of the B7 programme in the industrial sector, the Federation of Malaysian Manufacturers (FMM) agrees with the government that the move will help cut carbon footprint and environmental pollution.
  • Sime Darby Commits To Sustainable Development September 26, 2016
    Sime Darby Plantation Sdn Bhd recently introduced its responsible agriculture charter (RAC) to promote responsible and sustainable agricultural practices in its operations.
  • Palm oil price rises to 5-month high as analyst warns of global shortage September 23, 2016
    We could soon be running out palm oil according to one analyst. Speaking at an industry conference in Goa and reported by Reuters, vegetable oil analyst Thomas Mielke said Thursday that global palm oil supplies won't meet export demand in in 2016/17.

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