News
Malaysia’s end-June palm oil stocks seen at four-month high on slow exports
KUALA LUMPUR: Malaysia’s palm oil inventories likely stood at 1.86 million metric tons by the end of June, rising by about 10.5% higher from a month earlier to stand at a four-month high amid sluggish exports, a Reuters survey showed on Tuesday. The median estimate for inventories from 10 trad...
Malaysia-UK collaboration will advance palm oil industry: Council
KUALA LUMPUR: The Malaysian Palm Oil Council (MPOC) is confident that collaboration between United Kingdom (UK) research institutions and Malaysian producers will bolster sustainability and drive industry advancements in the palm oil industry. The move comes as the UK prepares to join the Comprehens...
Malaysia keeps July crude palm oil export duty at 8.0%
KUALA LUMPUR: Malaysia has maintained its July export tax for crude palm oil at 8% and lowered its reference price, a circular on the Malaysian Palm Oil Board website showed on Wednesday. The world’s second largest palm exporter calculated a reference price of RM3,604.73 per tonne for July. Th...
Sabah to come up with policy on oil palm biomass
KOTA KINABALU: Sabah government will introduce its own policy to regulate oil palm biomass, said Sabah Industrial Development and Entrepreneurship Minister Phoong Jin Zhe. “The creation of the policy is important for the long-term development of Sabah’s biomass industry while also contri...
Govt will ensure smallholders are not left out of palm oil supply chain, says DPM Fadillah
MIRI, June 17 ― The government is committed to ensuring that smallholders are not left out of the palm oil supply chain following the introduction of new palm oil regulations by foreign countries. Deputy Prime Minister Datuk Seri Fadillah Yusof said Malaysia is of the opinion that whatever regulatio...
MPOB: EUDR will not affect palm oil growth, revenue
KUALA LUMPUR (June 14): The implementation of the European Union Deforestation-free Regulation (EUDR) will not affect Malaysia’s palm oil growth and revenue as European Union imports are insignificant compared to other countries. Malaysian Palm Oil Board (MPOB) chairman Mohamad Helmy Othman Bas...
