News
96.04% of oil palm estates have achieved MSPO certification — MPOB
KUALA LUMPUR (July 6): As of June 30, some 3,040 oil palm estates or 96.04% of the total, comprising 4.06 million hectares, have obtained the Malaysian Sustainable Palm Oil (MSPO) certification, up from the 1,753 estates (71.1%) comprising 2.97 million hectares on Dec 31, 2019. In a statement today,...
Malaysia to file legal action with WTO against EU’s palm oil ban
KUALA LUMPUR (July 1): Malaysia has decided to file legal action with the World Trade Organisation (WTO) against the European Union’s (EU) restrictions on palm oil-based biofuel. Plantation Industries and Commodities Minister Datuk Dr Mohd Khairuddin Aman Razali said the ministry, with the coo...
Pongo Alliance develops guidelines for sustainable palm oil production
KINABATANGAN: An alliance of oil palm growers, businesses, and conservation practitioners, called Pongo Alliance, is developing guidelines for best management practices (BMP) to support sustainable palm oil production that includes safe spaces for wild orangutans outside of protected areas. With a v...
Exports of Malaysian palm oil to Africa set to rise this year
KUALA LUMPUR (June 23): The exports of Malaysian crude palm oil (CPO) to the African continent are expected to increase to about nine million tonnes this year, compared with six million tonnes over the last decade, said 3XG UK Consulting Limited. Its founder and chief strategist, Abah Ofon, said the...
Palm oil falls on likely drop in global consumption, higher production
KUALA LUMPUR (Reuters) – Palm oil futures slid on Monday as the tropical commodity’s global consumption is expected to drop, while production in June is estimated to have risen so far. Leading analyst Thomas Mielke said that for the first time ever, world consumption of palm oil would de...
Palm oil falls on projected drop in consumption
KUALA LUMPUR (June 22): Malaysian palm oil futures slid today after an industry analyst forecast the tropical commodity’s global consumption will drop, while uncertainty over production further dented sentiment. The benchmark palm oil contract for September delivery on the Bursa Malaysia Deriv...
