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Malaysia, Indonesia to set up fund to fight palm oil critics
KUALA LUMPUR, Nov 19 — Palm oil producers will set up a joint fund to counter critics of the industry, a Malaysian government official said today, amid growing scrutiny of a commodity which is accused of causing widespread environmental damage. The cultivation of palm oil, which is used in everythin...
Dr M: Ban on palm oil will not solve deforestation
KUALA LUMPUR (Nov 19): Prime Minister Tun Dr Mahathir Mohamad said a ban on palm oil will not solve deforestation, but will instead lead to more opening of land-intensive oilseed crops to keep up with the rising demand. Dr Mahathir was delivering his keynote address at the International Palm Oil Con...
France to end tax breaks for palm oil in biofuel
PARIS, Nov 16 — France’s parliament yesterday voted to remove tax breaks for the use of palm oil as a biofuel, a day after a ruling in favour of maintaining the advantage led to howls of protests from environmentalists. A large majority of members present voted against a government-backed proposal t...
Dr Mahathir to officiate world’s largest Palm Oil Congress
KUALA LUMPUR (Nov 15): Prime Minister Tun Dr Mahathir Mohamad will be officiating the upcoming world’s largest palm oil congress, the International Palm Oil Congress and Exhibition (PIPOC) organised by the Malaysian Palm Oil Board (MPOB), to be held here from Nov 19-21. MPOB director-general Dr Ahma...
India resumes buying Msian palm oil as Kuala Lumpur offers discount – Traders
MUMBAI: Indian refiners have resumed buying Malaysian palm oil after a gap of nearly a month and contracted around 70,000 tonnes of shipments in December as Kuala Lumpur has been offering a US$5 per tonne discount over supplies from rival Indonesia, five traders told Reuters on Thursday. The resumpt...
Rising palm oil surplus may limit soybean oil trade growth
KUALA LUMPUR: The resurgent palm oil sector is a major obstacle to growth in global soybean oil trade, said the US Department of Agriculture (USDA). The USDA’s report, entitled “A Deeper Look Into the USDA Crop Baseline Projections to 2028”, said that “production of palm oil (the world’s top traded ...
