News
Plantation sector experts concerned over May CPO exports
KUALA LUMPUR (April 15): Plantation experts are concerned over crude palm oil (CPO) exports from May onwards, as many nations are still battling against the COVID-19 pandemic, with no vaccine in sight to date. In a bid to curb the spread of the virus, people are practicing social distancing, resulti...
Palm oil mills must comply with environmental regulations
KUALA LUMPUR, April 15 — The Malaysian Palm Oil Board (MPOB) will issue a reminder to palm oil mills on compliance with environmental regulations to prevent river pollution. Under the MPOB Licensing Regulations (Act 582), palm oil mills engaging in activities that violate the rules and reg...
2-year-old elephant ‘Sahabat’ has good prognosis for infected eyes
KOTA KINABALU: A rescued young elephant from Lahad Datu is likely to have its infected eyes cured. The 2-year-old little jumbo named “Sahabat” was transported to the Lok Kawi Wildlife Park near here, last week. Sabah Wildlife Department (SWD) assistant director Dr Sen Nathan said that two ophthalmol...
Palm drops nearly 3% on lower exports, higher stockpile outlook
KUALA LUMPUR (April 13): Malaysian palm oil futures closed nearly 3% lower on Monday, hurt by expectations of higher stockpiles in April and lower exports due to coronavirus-led lockdowns in many countries. The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange ...
Malaysia cuts crude palm oil export duty for May to 4.5%
KUALA LUMPUR (April 13): Malaysia has reduced its export duty on crude palm oil to 4.5% for May from 5% in April, the Malaysian Palm Oil Board said on Monday, citing the national customs department. The world’s second-largest producer and exporter of palm oil calculated a reference price of RM...
India modifies rules for refined palm oil imports
MUMBAI: India on Monday said imports of refined palm oil could recommence after being restricted in January, although with conditions attached. The world’s biggest importer of palm oil on Monday said in a statement that importers would need to furnish pre-purchase agreements and import the com...
