NEWS FEED
  • 14 June, 2019
    Hoteliers urged to promote palm oil benefits to tourists
    The Ministry of Primary Industries has called on hotel operators to play their part and promote palm oil benefits to foreign visitors. Its Minister Teresa Kok said they could do so when serving foreign diners at their restaurants, as well as offering premium palm oil as a condiment. "We hope that the hoteliers can play their role by soft-selling our palm oil to the tourists in order to promote our own product," said Kok after ‘Love our Palm Oil’ programme with Penang Hoteliers Association and Penang Chefs Association, here today.
  • 12 June, 2019
    Malaysian palm oil price opens lower tracking weaker related oils(Update)
    Malaysian palm oil futures edged lower in early trade on Wednesday, weighed down by weaker overnight soyoil on the U.S. Chicago Board of Trade (CBOT) and a fall in oil prices. The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was last down 0.4% at 2,000 ringgit ($480.31) per tonne.
  • 11 June, 2019
    Malaysian palm oil price drops nearly 2pct to one-month low
    Malaysian palm oil futures fell nearly 2% on Monday to their lowest in a month, weighed down by losses in soyoil on the U.S. Chicago Board of Trade (CBOT) and weaker export demand. The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was down 1.7% at 1,994 ringgit ($479.10) per tonne at the close of trade. It earlier fell as much as 1.8% to 1,991 ringgit, its weakest since May 14.
  • 10 June, 2019
    CPO futures likely to trade lower next week
    The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade lower next week with prices ranging between RM1,900 and RM1,950 per tonne amid expectations of a stronger ringgit against the US dollar. Interband Group of Companies senior trader Jim Teh said lower CPO prices would probably attract buyers.
  • 3 June, 2019
    Primary Industries Ministry encourages palm oil smallholders to get MPSO certification
    JASIN, June 1 — The Primary Industries Ministry and Malaysian Palm Oil Board will continue to raise awareness amongst oil palm smallholders to comply with standards under the Malaysian Sustainable Palm Oil (MSPO) certification programme.
  • 3 June, 2019
    M’sia strikes palm oil barter trade deal with China
    BEIJING: Malaysia has struck another palm oil deal with China, says Primary Industries Minister Teresa Kok. An additional one billion yuan (RM611mil) worth of palm oil, approximately 200,000 tonnes, will be exported to China in a barter trade, she said.
  • 31 May, 2019
    Call on EU to reclassify M’sian oil palm cultivation activities
    MALAYSIA is calling on the European Union (EU) to redefine oil palm cultivation activities in the country which have been classified as high-risk, while aiming to further negotiate on the bloc’s directive to restrict the usage of biofuels. Malaysian Palm Oil Council (MPOC) CEO Datuk Dr Kalyana Sundram said the EU’s generalisation of the cultivation activities is an injustice to a large portion of oil palm plantations in the country. “We are asking them to re-evaluate their classification of oil palm cultivation as they have categorised all oil palm plantations as high-risk.
  • 31 May, 2019
    Poland against EU plan to ban use of palm oil for biofuels: Envoy
    Poland is against the European Union’s (EU) proposed plan to ban the use of palm oil as a component of biofuels, and stressed that the republic does not intend to reduce the demand for Malaysian palm oil. Polish Ambassador to Malaysia Professor Krzysztof Debnicki said that Poland – one of the major food producing countries in the EU – is one of the key recipients of palm oil, and the commodity is widely used in its food industry as well as chemical and cosmetics industries, and to a lesser extent as a component for biofuels.
  • 27 May, 2019
    Malaysia set to raise domestic palm biofuel use — trade ministry
    Malaysia is expected to allow for a higher percentage of palm biodiesel blends over the next few decades, the international trade and industry ministry said. The ministry said in a statement on Saturday that it is working with the Primary Industries Ministry to include a so-called "B20/B30-ready" specification for vehicles.
  • 24 May, 2019
    Malaysia will continue to promote palm oil in Europe — Teresa
    The Primary industries Ministry will hold a meeting with members of the European Parliament and European Council in October in its mission to promote the country's palm oil, said its Minister Teresa Kok. “We have to wait for the the election results and I will be visiting Europe in October to meet their MPs and the new European Commissioner.