GLOBAL HIGHLIGHTS
NEWS FEED
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4 December, 2020
Indirect Land Use Change as a Criterion to Determine Sustainable Biofuel Crop Production
Land is an important resource in agriculture. The cultivation of crops for food, animal feed and biofuel needs land. Similarly, the production of livestock also requires land for the animals to graze. The use of land for agriculture results in land use change (LUC) which can be distinguished as Direct Land Use Change (DLUC) and Indirect Land Use Change (ILUC). -
3 December, 2020
Malaysia’s Palm Oil Exports To China For 4th Quarter 2020 Is Anticipated To Remain At 2019’s Level
China is one of the biggest markets for palm oil in the world. In 2020, 3 main issues are affecting the palm oil trade in China. Firstly, there is a surge in soybean imports as the hog industry recovers from the African Swine Fever (ASF) outbreak. This recovery encourages more soybean crushing. The resultant increase […] -
2 December, 2020
Palm oil prices to keep rising in first half of 2021 on tight supply — CPOPC
KUALA LUMPUR (Dec 1): Palm oil prices will continue to rise in the first half of 2021 as global supply squeezed by a La Nina weather pattern is set to remain tight, the Council of Palm Oil Producing Countries (CPOPC) said on Tuesday. Disruptions from persistent heavy rainfall in Southeast Asia means global supply will […] -
2 December, 2020
Crude palm oil rises to high of RM3,330
KUALA LUMPUR: Crude palm oil futures for third month delivery climbed to a high of RM3,330 as investors assessed lower import levies in top buyer India and dwindling Malaysian exports of the tropical oil. Prices are moving in a choppy range, and this will continue until there’s more clarity on supplies in the Malaysian Palm […] -
1 December, 2020
Govt expected to earn palm oil windfall profit levy of RM500m in 2021 — MPOB
BANGI (Nov 30): The government is expected to earn palm oil windfall profit levy of about RM500 million in 2021 if the price of crude palm oil (CPO) recorded is between RM3,000 and RM3,500 per tonne compared to expectations of RM348 million a year for this year. Malaysian Palm Oil Board (MPOB) chairman Datuk Ahmad Jazlan Yaakub said […] -
30 November, 2020
Palm Oil Market Chain in Haiti
Haiti, the third largest country in the Caribbean has a size of 27,750 square kilometers. With an estimated population of 11.4 million, it is the second most populous country behind Cuba (USDA, 2019). Haiti is not a significant producer of food and agricultural product, it depends on imports to fulfill the growing domestic demand. In […] -
30 November, 2020
India’s CPO import duty cut will boost palm oil demand, says Maybank Kim Eng
KUALA LUMPUR, Nov 30 — India’s cut in crude palm oil (CPO) import duty to 27.5 per cent will make CPO more attractive as the commodity is set to regain some of the market shares it lost to sunflower and soybean oils this year, says Maybank Kim Eng. It said most of the benefits will […] -
30 November, 2020
MPOA cautions Kraft Heinz against using ‘No Palm Oil’ claim
KUALA LUMPUR (Nov 28): The Malaysian Palm Oil Association (MPOA) has lodged a formal complaint and demands that Kraft Heinz stop using the “No Palm Oil” claim which goes against the spirit of the Roundtable on Sustainable Palm Oil (RSPO)’s Shared Responsibility pledge. “A failure to reverse this violation of the RSPO Member’s Code of […] -
28 November, 2020
Hishammuddin expresses gratitude to India, says reduced import duty will benefit oil palm smallholders
PETALING JAYA: The increase in crude palm oil prices, after the Indian government reduced the import duty for Malaysia, would benefit oil palm smallholders, says Datuk Seri Hishammuddin Hussein. The Foreign Minister expressed gratitude to his Indian counterpart Dr Subrahmanyam Jaishankar for their recent decision to reduce the import duty for crude palm oil to […] -
27 November, 2020
Turkey’s Palm Oil Imports Weakened in September Amid Lower Food Manufacturing Activities and Weakening Lira
Palm oil in Turkey is expected to drop around 10 percent for 2020 as compared to 2019 as reported earlier to due to negative demand from the food services sector, especially due to the dwindling number of arrivals for tourists and business travellers to Turkey. Jan – Sep 2020 imports reached 620,635 tonnes; 129,579 tonnes […]
