News
Indonesia May Hike CPO Export Tax
JAKARTA: Indonesia, the world’s top crude palm oil (CPO) producer, may hike an export tax on the vegetable oil to 12.5 per cent in December, a move that would potentially cut exports for the month. A higher export tax would make Indonesia’s palm oil more expensive compared to rival Malay...
Sabah to Spend RM2.94 Billion to Improve People’s Quality of Life
KOTA KINABALU: Sabah is set to spend RM2.94bil next year in what is the state’s largest budget. Chief Minister Datuk Musa Aman said the budget was aimed at strengthening the state’s financial position while improving the people’s quality of life. Tabling the 2011 state budget here yesterday, he said...
Palm Futures Rise on Follow-Through Buying
CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher yesterday supported by followed-through buying from Thursday, dealers said. “The market is trying to recoup after sustaining sharp losses on Tuesday,” a dealer said. He added the market was still volatile with exter...
The Truth About Oil Palms and Carbon Sinks
Dr Lulie Melling tells OOI TEE CHING about the importance of peat soil research FORESTS are often called “the lungs of the world” — huge carbon sinks absorbing carbon dioxide emitted by the industrialised world, and producing the oxygen we need to breathe. At the same time, agriculture is seen as “p...
Most of Global Certified Sustainable Palm Oil is From Malaysia
KUCHING: About 65% of the 3.2 million tonnes of global certified sustainable palm oil come from Malaysia, said a RSPO (Roundtable for Sustainable Palm Oil) executive director Jeremy Goon Kin Wai. He said the remaining 35% was contributed by Indonesia and Papua New Guinea. Certified sustainable palm ...
Palm Futures Up in Volatile Trade
CRUDE palm oil (CPO) futures contract ended higher in volatile trading yesterday as the market was sentiment driven prompted by external factors, dealers said. On the local front, December 2010 gained RM64 to RM3,335 per tonne, January 2011 advanced RM63 to RM3,333 per tonne, February 2011 rose RM53...
