News
CPO production to rise starting May: Affin Hwang Investment
KUALA LUMPUR: Affin Hwang Investment Bank Bhd said production of crude palm oil (CPO) in Malaysia will rise starting in May and maybe reach a peak in September or October of this year. The investment banks said in a report today that Malaysia’s CPO production decreased significantly by 2.8 per...
PAC 2023 to tackle issues of yield improvement and sustainability
KUALA LUMPUR: Chief among the key issues to be addressed at the three-day Programme Advisory Committee (PAC) 2023 meeting is the need for yield improvement in the Malaysian palm oil industry, says Malaysian Palm Oil Board chairman Mohamad Helmy Othman Basha. He said the issue required immediate atte...
Jokowi: Malaysia, Indonesia would be world’s largest palm oil producers if they team up
KUALA LUMPUR: Malaysia and Indonesia – the world’s largest palm oil-producing nations, should and work together to counter the European Union’s (EU) discriminatory trade policies. Indonesian President Joko Widodo said Malaysia and Indonesia would become the world’s largest cr...
Indonesia to narrow scope of palm oil trade on planned exchange
JAKARTA, May 4 (Reuters) – Indonesia will narrow the scope of crude palm oil (CPO) products traded on a planned exchange it hopes to launch by June, a regulator said on Thursday. “For now only direct CPO exports will be required (to go through the exchange), as we are...
Palm oil challenges: Start dialogue based on science, diplomacy
ON April 19, the European Union Parliament passed a regulation meant to limit deforestation and forest degradation, singling out palm oil as a major driving force. Deputy Prime Minister Datuk Seri Fadillah Yusoff, who is plantation industries and commodities minister, slammed the EU Deforestation Re...
MPOB sees higher palm oil exports to China this year
KUALA LUMPUR: The Malaysian Palm Oil Board (MPOB) foresees higher exports of palm oil and palm-based products to China this year as it enhances cooperation in the palm oil trade through the recent signing of the memorandum of understanding (MoU) in Beijing. The MoU was signed between MPOB and the Ch...
