NEWS FEED
  • 26 January, 2021
    Sabah keeps palm oil estates open, orders mass Covid -19 testing
    [KUALA LUMPUR] Malaysia’s largest palm oil producing state Sabah will not impose a shutdown on plantations despite a rise in coronavirus infections in the sector, but urged estates to tighten its compliance of Covid-19 prevention measures. The state government said on Monday it was concerned over Covid-19 cases at palm oil plantations, after detecting six […]
  • 26 January, 2021
    Labour shortage poses more threats to palm oil sector
    KRI finds a labour reduction of 30% will see the vegetable oil’s production reduced by half THE labour shortage issue inherent in the plantation sector is posing more threat to the industry’s economic health compared to the price volatility of the crude palm oil (CPO), according to Khazanah Research Institute (KRI). KRI had conducted a […]
  • 25 January, 2021
    Boycotting Palm Oil May Worsen the Situation
    “Palm oil free” has become an advertising slogan for many products, which may lead to the belief that this ingredient has harmful effects on health. But even though it is not the healthiest fat in the world, palm oil’s fall from grace is actually due to environmental reasons. In Southeast Asia, deforestation to meet the global […]
  • 22 January, 2021
    Palm oil to still be a powerhouse of oils and fats market: MPOB
    KUALA LUMPUR: Palm oil will continue to be the powerhouse of the oils and fats market, despite continued allegations around tropical deforestation and misleading anti-palm oil campaigns. Malaysian Palm Oil Board (MPOB) said palm oil was the largest produced vegetable oil in 2020, accounting for 31 per cent of the world’s oils and fats products […]
  • 16 January, 2021
    Malaysia initiates legal action against EU over anti-palm oil campaign
    KUALA LUMPUR (Bernama) — The Plantation Industries and Commodities Ministry (MPIC) has initiated legal action against the European Union (EU) and its members France and Lithuania following their anti-palm oil measures. Today MPIC, with the cooperation of the Attorney General’s Chambers and the International Trade and Industry Ministry, filed a request for consultations under the […]
  • 15 January, 2021
    Planters say anti-palm oil campaigns hinder sustainability shift
    (Jan 14): Top palm oil producers said on Thursday that the industry is making strides towards transparency and sustainability across its supply chain despite campaigns against use of the oil. Campaigners say that the industry is responsible for deforestation of tropical rainforests and human rights abuses and have initiated consumer boycotts of palm oil, which […]
  • 14 January, 2021
    New technologies, innovations important for Malaysia’s palm oil sustainability — Mohd Khairuddin
    KUALA LUMPUR (Jan 11): Advances in research that generate new technologies and innovations are an important strategy for the sustainable development of the country’s palm oil industry, said Minister of Plantation Industries and Commodities Datuk Dr Mohd Khairuddin Aman Razali. To date, he said the Malaysian Palm Oil Board (MPOB), as the leading agency in […]
  • 13 January, 2021
    CPO stocks down 19.2% in Dec
    KUALA LUMPUR: Malaysia’s crude palm oil (CPO) stocks slumped 19.2% to 583,761 tonnes in December 2020 from the 722,451 tonnes in November, the Malaysian Palm Oil Board (MPOB) said. Processed palm oil stocks shrank 18.85% month-on-month to 681,120 tonnes during the month compared with 839,307 tonnes in the preceding month, the board said in its […]
  • 8 January, 2021
    Palm oil’s discount to soybean oil to narrow in the long term — Mielke
    KUALA LUMPUR (Jan 7): Crude palm oil’s price discount to soybean oil is expected to narrow this year and continue on an annual basis, said Oil World editor and CEO Thomas Mielke. “A premium [in CPO’s price to soybean oil] is only possible during a short period of time,” Mielke said during a question and answer session […]