NEWS FEED
  • 22 February, 2019
    Norway to meet local palm oil stakeholders
    The government will be hosting key officials from the Norwegian and European countries next week for a series of discussions with the Malaysian palm oil stakeholders, amid rising anti-palm oil campaigns in the West. “We will meet with Norway’s minister of trade and industry next week to have a round of engagement session with stakeholders, and we will bring them to see the Sime Darby Plantation Bhd’s estate in Carey Island,” said Primary Industries Minister Teresa Kok.
  • 22 February, 2019
    Malaysian palm oil price recovers from 1-month low on stronger soyoil
    Malaysian palm oil futures recovered from a one-month low on Thursday, tracking strength in U.S. soyoil and snapping two sessions of declines. The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange closed 0.9 percent higher at 2,264 ringgit ($555.45) a tonne at the end of the trading day.
  • 21 February, 2019
    Indigenous oil palm farmers want French govt to visit Sarawak
    The indigenous oil palm smallholders in Sarawak are seeing some light at the end of the tunnel with positive response shown by the French government to Malaysia’s appeal for better understanding on its palm oil industry. Dayak Oil Palm Planters Association (Doppa) vice president Rita Insol said that a majority of the farmers are struggling now even though the price of the commodity has increased from a rock-bottom of RM280 per tonne recorded at the end of last year.
  • 21 February, 2019
    Macron to respond to PM’s letter on palm oil
    French President Emmanuel Macron will respond to Prime Minister (PM) Tun Dr Mahathir Mohamad’s letter on the proposed ban on palm oil in biofuels, according to French ambassador to Malaysia Frederic Laplanche. In a statement yesterday, Primary Industries Minister Teresa Kok (picture) said Laplanche has also pointed out that the French government is not against palm oil as evident in its recent approval of a bio-refinery owned by France’s Total SA with an anticipated utilisation of 350,000 metric tonnes of palm oil per annum. “He also opined that more research on the benefits of palm oil should be publicised as there appears to be more negative findings on palm oil being circulated that are influencing public perception in Europe,” Kok said.
  • 20 February, 2019
    Malaysia, France to hold dialogues for better understanding of palm oil
    Malaysia and France will hold joint dialogues and strengthen engagements to promote better understanding of the palm oil industry, said the Primary Industries Ministry. Its minister, Teresa Kok said this followed a courtesy call on her from French Ambassador to Malaysia Frederic Laplanche here yesterday where they discussed ways to enhance bilateral cooperation and dialogues on palm oil, as well as encouraging engagements between lawmakers from both countries. This was prompted by the French National Assembly’s decision to exclude the use of palm oil as a biodiesel feedstock and to end tax incentives for palm oil as of 2020.
  • 19 February, 2019
    Malaysian palm oil prices seen steady in 2019 — MPOC
    Malaysian palm oil prices are set to hold steady in 2019 at an average of RM2,303 (US$565) a tonne, according to estimates by the Malaysian Palm Oil Council (MPOC), while global output of the tropical oil is expected to rise by 3 million tonnes. "Global palm oil production is projected to be 72 million tonnes, with Malaysia and Indonesia as leading producers," the MPOC said in an online conference presentation on Monday.
  • 19 February, 2019
    Malaysian palm oil price gains on stronger related oils, weaker output
    Malaysian palm oil futures edged higher during Monday trade, charting a second session of gains in three days, bolstered by strength in related edible oils and expected weaker output. The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange rose 0.6 percent to 2,286 ringgit ($559.88) a tonne by the close.
  • 19 February, 2019
    Govt taking various initiatives to ensure palm oil prices rise
    The Government is taking various initiatives to ensure that palm oil prices keep rising and reach the RM2,400 a tonne level. Deputy Primary Industries Minister Datuk Seri Shamsul Iskandar Mohd Akin said the initiatives included opening new markets in countries with high palm oil consumption such as Iran, Turkey and Pakistan. “We hope to create higher demand as Malaysia has only a 30 percent market share in these countries. We will be able to increase the use of palm oil if we are able to expand our market share.
  • 18 February, 2019
    French government boycott unfair to indigenous farmers
    The Dayak Oil Palm Planters Association (Doppa) is urging the French government to reconsider its decision to exclude palm oil from raw materials approved for use in biofuel. Its vice-president Rita Insol said French lawmakers had voted to remove palm oil from the country’s biofuel scheme as of 2020, following longstanding controversy about the environmental impact of the crop that is mainly produced in Asia.
  • 18 February, 2019
    Estate owners demand WHO journal retract article against palm oil or apologise
    The Malaysian Estate Owners Association (MEOA) has demanded that the World Health Organisation’s (WHO) Bulletin retract an article published last month which had painted the palm oil industry in a bad light. MEOA vice-president Gan Tee Jin demanded in an open letter to the bulletin’s editor in Chief Laragh Gollogly, that the organisation remove the article titled, “The palm oil industry and noncommunicable disease Sowmya Kadandale, Robert Marten and Richard Smith.”