News
Uncertainty over rise in CPO output
PETALING JAYA: Despite the gradual return of foreign workers to the oil palm plantation sector, industry experts remain sceptical of potential growth in terms of crude palm oil (CPO) production this year. While CPO production is set to improve in 2023, Malaysian Palm Oil Association (MPOA) chief exe...
Indonesia reduces palm oil exports to ensure supply at home
JAKARTA, Jan 6 (Bernama): Indonesia, the world’s biggest palm oil producer, will cut its overseas shipments of the commodity, as it tightens a policy requiring companies to keep more supply at home. The government cut the amount producers can export to six times the domestic sales requirement, down ...
S&P Global: Asian palm oil prices expected to be rangebound in 2023
KUALA LUMPUR (Jan 6): Asian palm oil prices are expected to be rangebound in 2023 after a volatile 2022 despite Malaysia entering the year with low stocks and China’s used cooking oil exports set to increase to Europe and even extend to the US. In a report on Thursday (Jan 5), S&P Global C...
Shortage of labour in palm oil sector to ease next year, says MPOB DG
KUALA LUMPUR: Acute labour shortages impacting the domestic palm oil sector will not be fully resolved next year, despite industry players and government agencies shifting their attention to other countries for labour resources. Malaysia Palm Oil Board (MPOB) director-general Datuk Dr Ahmad Parveez ...
EU’s latest ban to add to administrative burden, high output costs to Malaysian palm oil sector
KUALA LUMPUR: The new European Union (EU) import ban may affect the palm oil industry especially smallholders, said the Malaysian Palm Oil Board (MPOB). MPOB director general Datuk Dr Ahmad Parveez Ghulam Kadir said the EU’s regulation only targeted the cultivation of commodities from developi...
Palm oil planters group seeks appointment of minister who understands industry woes
KUALA LUMPUR (Nov 28): The Malaysian Palm Oil Solidarity Group (POSG) has urged Prime Minister Datuk Seri Anwar Ibrahim to pick a minister for the industry, who has the experience and attributes to understand the wide spectrum of serious issues that beset the Malaysian palm oil sector. In a statemen...
