News
Palm Oil Gets Emphasis Under 10th Malaysia Plan
PORT KLANG, May 27 (Bernama) — The government has put palm oil as one of the National Key Economic Areas to be given emphasis under the 10th Malaysia Plan, Plantation Industries and Commodities Minister Tan Sri Bernard Dompok says. The aim was to make the palm oil industry remain competitive a...
Palm Futures Firmer in Technical Correction
CRUDE palm oil (CPO) futures prices closed higher in a technical correction yesterday after a bearish trend yesterday, dealers said. “Much of these buy backs were due to market players taking note of the firmer export data but still price rally seems to be curbed by risk appetite given the eur...
Malaysia May Take EU Directive on Palm Oil to WTO
KOTA KINABALU: Malaysia has no qualms about taking the discriminatory EU Renewable Energy Directive (EU RED) requirements for palm oil usage as biofuel to the World Trade Organisation, said Malaysian Palm Oil Council chief executive officer Tan Sri Yusof Basiron. “This is no joke but we will have to...
CSPO Shipments to Rise by Year End
CERTIFIED sustainable palm oil (CSPO) shipments are expected to increase to 2.5 million tonnes by the end of the year. “This should be able to match the European Union demand for both food and biofuel consumption,” said Dr Vengeta Rao, secretary general of the Roundtable for Sustainable ...
Local Palm Oil Industry Initiates Mega Wildlife Sanctuary
KOTA KINABALU: As part of an on-going initiative to prove to the world that Malaysia is a responsible oil palm producer, a mega wild life sanctuary involving 100,000ha of rainforest in an area of 300,000ha of contiguous forest zones in Sabah is currently initiated by the Malaysian oil palm industry ...
Orang Utan Not Under Threat
KOTA KINABALU: Malaysia refutes allegations that its oil palm plantations were wiping out the rainforest and causing the extinction of the orang utan. “In Malaysia, large tracts of forest are being preserved permanently; for every hectare of oil palm, the country preserves four hectares of permanent...
