NEWS FEED
  • 26 February, 2021
    Driving Innovation in the Malaysian Palm Oil Industry via IR 4.0
    Industrial Revolution 4.0 (IR 4.0) has revolutionized countless industries, merging physical and digital technologies seamlessly, resulting in improved efficiency and productivity
  • 25 February, 2021
    Swiss May Back Indonesia Trade Deal Despite Palm Oil Concerns
    by BLOOMBERG Swiss voters look set to vote in favor of a trade deal with Indonesia, but could reject a ban on people covering their face in public, a poll for broadcaster SRG showed. Support for the trade accord was at 52%, according to the poll by gfs.bern before a March 7 ballot. Voters are […]
  • 25 February, 2021
    PKC Market in the Middle East
    Palm Kernel Cake is the third largest component of palm oil products imported by the Middle East.  It account for almost 10% of the total palm oil and palm products imports by the region.  The volume represent about 9% of the total Malaysian PKC exported worldwide and it was valued at US$30 million (2020). Middle […]
  • 24 February, 2021
    Palm oil industry not in the loop on additional cess
    PALM oil industry players were taken aback by the government’s decision to impose additional cess of RM2 per tonne of palm products for both crude palm oil and crude palm kernel oil based on the Federal Government gazette dated Feb 15, 2021. In a joint statement, nine palm oil associations said the new RM16 cess payment […]
  • 23 February, 2021
    Palm oil associations shocked by sudden cess hike
    KUALA LUMPUR (Feb 22): Plantation associations say today they are surprised by the government’s decision to raise the cess levied on crude palm oil (CPO) and crude palm kernel oil (CPKO). A joint statement signed by nine industry associations said there was no engagement with the industry over the latest increase in cess, which is […]
  • 22 February, 2021
    Govt increases cess on palm oil by RM2 to RM16 a tonne
    KUALA LUMPUR (Feb 18): The government has increased the cess it collects on palm products comprising crude palm oil (CPO) and palm kernel oil (PKO) produced in Malaysia to RM16 per tonne from RM14. The Federal Government Gazette published by the Attorney General’s Chambers sighted by theedgemarkets.com was authorised by the Minister of Plantation Industry […]
  • 22 February, 2021
    CPO futures to trade in range-bound mode next week
    KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to see muted trading next week at between RM3,450 and RM3,750 per tonne, said a dealer. Palm oil trader David Ng said it might be slightly negative bias pending the expectation of sluggish export performance next week. “The announcement on […]
  • 22 February, 2021
    Palm oil in hazelnut spread
    Palm oil is the key ingredient in hazelnut spread because it gives smooth creamy texture.
  • 22 February, 2021
    China’s Growing Bakery Sector – Opportunities For Palm Based Fats
    China’s population stood at 1.4 billion in 2020. With the large population size demand for bakery products is huge. In 2020, China consumed close to USD50 billion worth of bakery products. There is potential for the consumption of bakery products to grow attributed to the country’s rising middle class and the ongoing Westernization of lifestyles […]
  • 18 February, 2021
    Bangladesh Food Industry – Continuous Growth and Growing Potential for Palm Oil Consumption
    Bangladesh has emerged as one of the economic powers in South Asia. According to October 2020 report by International Monetary Fund (IMF), the country has overtaken India in terms of per capita GDP scoring US$ 1,888. Just five years ago, India’s per capita GDP was around 40% higher than Bangladesh. Although the pandemic posed by […]