News
Palm oil to still be a powerhouse of oils and fats market: MPOB
KUALA LUMPUR: Palm oil will continue to be the powerhouse of the oils and fats market, despite continued allegations around tropical deforestation and misleading anti-palm oil campaigns. Malaysian Palm Oil Board (MPOB) said palm oil was the largest produced vegetable oil in 2020, accounting for 31 p...
Malaysia initiates legal action against EU over anti-palm oil campaign
KUALA LUMPUR (Bernama) — The Plantation Industries and Commodities Ministry (MPIC) has initiated legal action against the European Union (EU) and its members France and Lithuania following their anti-palm oil measures. Today MPIC, with the cooperation of the Attorney General’s Chambers and the...
Planters say anti-palm oil campaigns hinder sustainability shift
(Jan 14): Top palm oil producers said on Thursday that the industry is making strides towards transparency and sustainability across its supply chain despite campaigns against use of the oil. Campaigners say that the industry is responsible for deforestation of tropical rainforests and human rights ...
New technologies, innovations important for Malaysia’s palm oil sustainability — Mohd Khairuddin
KUALA LUMPUR (Jan 11): Advances in research that generate new technologies and innovations are an important strategy for the sustainable development of the country’s palm oil industry, said Minister of Plantation Industries and Commodities Datuk Dr Mohd Khairuddin Aman Razali. To date, he said...
CPO stocks down 19.2% in Dec
KUALA LUMPUR: Malaysia’s crude palm oil (CPO) stocks slumped 19.2% to 583,761 tonnes in December 2020 from the 722,451 tonnes in November, the Malaysian Palm Oil Board (MPOB) said. Processed palm oil stocks shrank 18.85% month-on-month to 681,120 tonnes during the month compared with 839,307 tonnes ...
Palm oil’s discount to soybean oil to narrow in the long term — Mielke
KUALA LUMPUR (Jan 7): Crude palm oil’s price discount to soybean oil is expected to narrow this year and continue on an annual basis, said Oil World editor and CEO Thomas Mielke. “A premium [in CPO’s price to soybean oil] is only possible during a short period of time,” Mielke said during ...
