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.

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.

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.

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.

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.

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