NEWS FEED
  • 18 February, 2019
    French government boycott unfair to indigenous farmers
    The Dayak Oil Palm Planters Association (Doppa) is urging the French government to reconsider its decision to exclude palm oil from raw materials approved for use in biofuel. Its vice-president Rita Insol said French lawmakers had voted to remove palm oil from the country’s biofuel scheme as of 2020, following longstanding controversy about the environmental impact of the crop that is mainly produced in Asia.
  • 18 February, 2019
    Estate owners demand WHO journal retract article against palm oil or apologise
    The Malaysian Estate Owners Association (MEOA) has demanded that the World Health Organisation’s (WHO) Bulletin retract an article published last month which had painted the palm oil industry in a bad light. MEOA vice-president Gan Tee Jin demanded in an open letter to the bulletin’s editor in Chief Laragh Gollogly, that the organisation remove the article titled, “The palm oil industry and noncommunicable disease Sowmya Kadandale, Robert Marten and Richard Smith.”
  • 18 February, 2019
    Palm oil seen hitting RM2,400 per tonne
    The price of palm oil is expected to increase gradually to reach RM2,400 per tonne this year, said Deputy Primary Industries Minister Datuk Seri Shamsul Iskandar Mohd Akin. Citing a Reuters study, he said the rise may be attributed to several factors, including surging demand from the chocolate and fuel industries, domestically and globally.
  • 15 February, 2019
    Malaysian palm oil price snaps four days of losses on likely lower Feb output
    Malaysian palm oil futures jumped more than 1 percent in the second half of trade on Thursday, ending the day higher on expectations of slowing February output in line with seasonal trend and improving exports. The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange was up 1 percent at 2,272 ringgit ($557.68) a tonne at the close of trade, snapping four days of losses.
  • 14 February, 2019
    Indonesia defends palm oil after EU targets 2030 phase-out in road fuel
    Indonesia, the world's biggest producer of palm oil, will not accept an EU plan to curb the use of crops that cause deforestation, and argued that its higher production yield made it better placed to meet global demand, a senior Indonesian official said. A European Union draft due to come into effect after four weeks of public consultation, concluded palm oil cultivation results in deforestation and its usage in transportation fuel should be phased out by 2030.
  • 14 February, 2019
    Palm in line to snap 3-day losing streak on strong crude oil
    Malaysian palm oil futures rose on Wednesday, in line to snap three sessions of declines, supported by strength in crude oil prices. The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange rose 0.6% to RM2,267 (US$557.96) a tonne at the midday break.
  • 13 February, 2019
    Malaysia to double palm oil used in transport biodiesel to 20pct in 2020 — minister
    Malaysia aims to double the palm oil content in biodiesel used for the transport sector to 20% next year, as Southeast Asia's third-largest economy looks to cut record stockpiles and boost prices, a government minister said on Tuesday. The government will also raise the palm oil content in biofuel for the industrial sector to 10% next year, from a 7% quota being rolled out this July, Primary Industries Minister Teresa Kok said, speaking at a conference.
  • 13 February, 2019
    Malaysian palm oil price declines for 3rd straight day on weaker demand
    Malaysian palm oil futures slipped on Tuesday, posting a third day of declines amid slowing export demand. The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange fell 0.5 percent to 2,254 ringgit ($552.86) a tonne at the close of trade. It had fallen to a three-week low of 2,247 ringgit earlier in the day after hitting a seven-month high last week.
  • 12 February, 2019
    Malaysian palm oil price falls over 1pct on weaker export outlook
    Malaysian palm oil futures fell over 1 percent to their lowest in nearly three weeks on Monday as traders turned bearish due to a weaker outlook for exports. The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange fell 1.1 percent to 2,266 ringgit ($556.76) a tonne at the end of the trading day, a second straight day of declines. It had earlier fallen to 2,264 ringgit, its lowest since Jan. 23.
  • 12 February, 2019
    Can 'Big Brother' technology clean up palm oil's image?
    Some of the world's major palm oil users, including Nestle, Unilever, and Mondelez, are trying out new satellite technology to track deforestation, as pressure grows on them to source the ingredient responsibly. They say the monitoring systems allow them to target people felling trees in producing countries like Malaysia and Indonesia, where forests are shrinking, more efficiently than policing supply chains on the ground.