News
Unfair to blame palm oil industry for haze, says Teresa Kok
PUTRAJAYA: It is unfair to keep blaming the palm oil industry for the haze, as many companies adhere to sustainable agriculture standards, says Teresa Kok. The Primary Industries Minister said palm oil companies subscribe to the principles set by initiatives aimed at promoting sustainable palm oil p...
Malaysia’s forests are sustainably managed
MALAYSIA is richly endowed with natural resources, blessed with fertile soil and abundant rainfall throughout the year. Malaysia is ranked as one of the 17 mega-biodiversity countries in the world and its forests are rich in valuable timber species. Forests provide water and soil conservation, flood...
MSPO-certified palm oil to Europe by 2020
KUALA LUMPUR: Malaysia is on track to export MSPO (Malaysia Sustainable Palm Oil) certified palm oil to Europe by next year. Malaysia Palm Oil Certification Council (MPOCC) chief executive officer Chew Jit Seng said the MSPO certification scheme is important as it will allow the country’s palm...
Retailers, importers urged to remove anti-palm oil products
KUALA LUMPUR: The Palm Oil Refiners Association of Malaysia (Poram) has urged retail businesses and importers to remove products with “No Palm Oil” or “Free From Palm Oil” labels in support of local palm oil industry. Poram chairman Jamil Haron, in a statement today, said the initiative taken by the...
Palm oil stockpile seen resuming its uptrend in coming months
Plantation sectorMaintain underweight: Palm oil inventory declined for the 13th consecutive month by 5.3% month-on-month (m-o-m) to 2.25 million tonnes in August 2019, as seasonally higher production was more than mitigated by a 16.4% m-o-m jump in exports. Against consensus, the stockpile came...
Higher exports help to trim palm oil inventory
KUALA LUMPUR: Palm oil production is expected to be higher in the second half of the year (2H19), which will lead to higher inventory levels going forward. However, plantation analysts do not foresee heavy pressure on crude palm oil (CPO) prices. Public Investment Bank Bhd analyst Chong Hoe Leong to...
