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Shortage of labour in palm oil sector to ease next year, says MPOB DG

KUALA LUMPUR: Acute labour shortages impacting the domestic palm oil sector will not be fully resolved next year, despite industry players and government agencies shifting their attention to other countries for labour resources. Malaysia Palm Oil Board (MPOB) director-general Datuk Dr Ahmad Parveez ...

EU’s latest ban to add to administrative burden, high output costs to Malaysian palm oil sector

KUALA LUMPUR: The new European Union (EU) import ban may affect the palm oil industry especially smallholders, said the Malaysian Palm Oil Board (MPOB). MPOB director general Datuk Dr Ahmad Parveez Ghulam Kadir said the EU’s regulation only targeted the cultivation of commodities from developi...

Palm oil planters group seeks appointment of minister who understands industry woes

KUALA LUMPUR (Nov 28): The Malaysian Palm Oil Solidarity Group (POSG) has urged Prime Minister Datuk Seri Anwar Ibrahim to pick a minister for the industry, who has the experience and attributes to understand the wide spectrum of serious issues that beset the Malaysian palm oil sector. In a statemen...

Hypocritical to disallow palm oil for sustainable aviation fuel

LETTERS: The Centre for Research, Value Innovation and Entrepreneurship (Cervie) recently hosted a talk by Airbus Malaysia, which touched on challenges and opportunities in global business, as the industry must come to grips with the world demand for sustainability. The talk discussed how the a...

CPO prices to be supported at current levels in near term, say analysts

ANALYSTS are expecting crude palm oil (CPO) prices, which have risen in recent weeks, to hover at its current level in the near term amid seasonality factors, competitive pricing compared with the soybean oil market, decent export performance, ongoing geopolitical tensions and waiver of Indonesia’s ...

CPO futures likely to trade on a slightly upward bias next week

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade on a slightly upward bias next week given the recent weakness in prices which may prompt bargain-buying activities, said palm oil trader David Ng. He said Malaysian palm oil export data (Novemb...

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