News
MPOB sees higher palm oil exports to China this year
KUALA LUMPUR: The Malaysian Palm Oil Board (MPOB) foresees higher exports of palm oil and palm-based products to China this year as it enhances cooperation in the palm oil trade through the recent signing of the memorandum of understanding (MoU) in Beijing. The MoU was signed between MPOB and the Ch...
Sarawak planters association blasts EU campaign to exclude Dayak smallholders from entire palm oil supply chain
MIRI, April 22 — Sarawak Dayak Oil Palm Planters Association (Doppa) has hit out at what it sees is an ongoing campaign by the European Union (EU) to exclude indigenous Dayak smallholders from the entire palm oil supply chain. Doppa president Napolean R Ningkos said the achievements of the Dayaks in...
Malaysia keeps May crude palm oil export duty at 8%
KUALA LUMPUR: Malaysia has maintained its May export tax for crude palm oil at 8% and raised its reference price, a circular on the Malaysian Palm Oil Board website showed on Monday. The world’s second-largest palm exporter calculated a reference price of 4,063.58 ringgit per tonne for May. Th...
Sarawak adds three source countries for palm workers
KUCHING: Oil palm plantation companies in Sarawak are now allowed to recruit foreign workers from several other countries other than Indonesia. The Sarawak cabinet has given the green light for these companies to recruit migrant workers from Bangladesh, Nepal, and the Philippines besides Indonesia, ...
Palm oil stockpile likely to remain low in near term
PETALING JAYA: The outlook for crude palm oil (CPO) has brightened over the past month with a pick up in exports following poorer Latin American soyabean harvest. Analysts noted that the palm oil stockpile has remained on the downtrend, falling by 21.1% month-on-month to 1.67 million tonnes in March...
Malaysia end-March palm oil stocks fall to nine-month low
KUALA LUMPUR (April 10): Malaysia’s palm oil inventories at the end of March fell 21.08% from the previous month to 1.67 million tonnes, data by the nation’s palm oil board showed on Monday (April 10). Stockpiles in March were under the 1.77 million tonnes forecast by analysts and plante...
