News
Malaysia supports Council of Palm Oil Producing Countries’ objection to Belgium’s move to ban palm-based biofuel, says minister
KUALA LUMPUR, May 26 — Malaysia fully supports the Council of Palm Oil Producing Countries’ (CPOPC) move to submit an objection to Belgium which is planning to ban the use of palm oil as biofuel next year. CPOPC had made its objection through a letter dated May 24 to Belgian Prime Minister Alexander...
Malaysia calls on EU, state members to review palm oil cut
MALAYSIA has called on the European Union (EU) and its state members to review the trade bloc’s environmental policy which involves phasing out palm-based biofuels and look into the effects of the restriction more objectively. The EU has adopted a delegated act proposal which implements the Renewabl...
Bourse to launch new palm oil contract
KUALA LUMPUR: Malaysia plans to launch a new palm oil futures contract in the third quarter, allowing traders in the nation’s two largest palm producing states greater price discovery and a viable option for physical delivery. The Bursa Malaysia Derivatives Exchange manages Malaysia’s crude palm oil...
Measures needed to safeguard CPO prices
PETALING JAYA: Malaysia’s palm oil may be losing price competitiveness as stockpile data reveals creeping imports and declining exports. Amidst Indonesia’s revamped progressive tax rate, which came into effect last December, Malaysia saw the import of palm oil rising 74% year-on-year (y-o-y), while ...
Palm oil jumps to close near record high on soybean oil rally
JAKARTA (May 18): Palm oil surged about 5% to end near a record high as soybean oil powered to its highest level since 2008 and industry participants anticipated a drop in production in second-biggest grower Malaysia. Better export data for the first half of May, a rebound in the Dalian market and s...
Malaysian palm oil losing price competitiveness — Maybank Kim Eng
KUALA LUMPUR (May 17): Malaysian palm oil is losing its price competitiveness, said Maybank Kim Eng Research, citing creeping imports and declining exports. Noting that Malaysia’s stockpile — as reported by the Malaysian Palm Oil Board (MPOB) — is often viewed as a proxy to the region’s stockp...
