MEDIA & RESOURCE CENTER

Ministry to improve productivity, yield of palm oil industry

21-Oct-2020
KUALA LUMPUR, Oct 20 — The Ministry of Plantation Industries and Commodities (MPIC) is committed to improving the productivity and yield of the palm oil industry instead of expanding lands for the commodity. Its secretary-general Ravi Muthayah said today during the virtual International Palm Oil Sustainable Conference 2020 that the government has put in place […]

MPOC calls for Equal Treatment for all Edible Oil

20-Oct-2020
​Malaysian Palm Oil Council CEO, Dr Kalyana Sundram, has made a call for all edible oils to be treated equally in terms of sustainability. As the European government and the United Kingdom looks to reduce deforestation in imports, Dr Sundram’s call is justified but unrealistic as other edible oils lag so far behind palm oil […]

MPOC Webinar – China’s Palm Oil Demand and Recovery Post-Pandemic

20-Oct-2020
MPOC’s webinar series brings you another exciting edition focusing on China. In this webinar, the panelists will exchange views on China’s oils and fats demand, and potential market growth in livestock farming. The discussion will also include the outlook for palm oil post-pandemic, with primary focus on Malaysia and Indonesia. Register now at http://tinyurl.com/mpocchina20/ and […]

Exploring Palm Oil Market in Latin America and the Caribbean

19-Oct-2020
The profitability of oil palm crops in the tropical climates of Latin America and the Caribbean is drawing increasing interest. In 2019, the region accounts for 6.2% of global palm oil production (Expert Market Research, 2019). At the same time, some countries within the region rely on palm oil import to fulfil their growing demand. […]

Palm oil heads for weekly gain on supply worry, ringgit fall

16-Oct-2020
KUALA LUMPUR: Palm oil headed for a second week of gains on supply concerns and as a weaker Malaysian currency made it cheaper for overseas buyers. The ringgit was on track for a weekly loss as a renewed spike in domestic coronavirus cases and political uncertainty put investors on guard. Still, the palm oil market […]

The Scourge of Adulteration in India

16-Oct-2020
Consumption of edible oil is one of the basic needs of society. The affluent sections of society purchase this commodity in bulk as part of their grocery shopping list. This purchase is in convenient packets of ½ kilograms and other higher bulk weights. But a vast majority cannot afford bulk purchases. The economically weaker sections […]

La Nina rain set to lift palm oil output in top grower to record

15-Oct-2020
(Oct 14): Indonesia, supplier of more than half the world’s palm oil, could see production climb to a record next year after torrential La Nina rains drench plantations and boost yields, a group of growers and refiners said. Output may increase by 4% to almost 49 million tons from 47 million tons this year, Derom […]

Bountiful harvest for oil palm planters

15-Oct-2020
PETALING JAYA: Planters are expected to post stronger third-quarter results for the financial year 2020 (FY20), thanks to the rally in crude palm oil (CPO) prices and higher production, say analysts. According to CGS-CIMB Research, the anticipated higher third quarter (Q3) net profit by planters would be driven by a 36% year-on-year (y-o-y) rise in […]

Revised MARPOL Annex II regulations – Another Non-Tariff Barrier Against Palm Oil

14-Oct-2020
Introduction Global trade is heavily dependent on shipping and the shipping industry carries out about 90% of world trade through its vast and extensive network across all countries in the globe. This is a very heavily regulated industry which is regulated by the International Maritime Organization (IMO) of which Malaysia has been a member of […]

China to buy 1.7 million tonnes of palm oil from Malaysia until 2023, says Hishammuddin

14-Oct-2020
KUALA LUMPUR (Oct 13): China today expressed its commitment to purchase 1.7 million tonnes of palm oil from Malaysia until 2023, said Datuk Seri Hishammuddin Tun Hussein. The Foreign Minister announced this in a joint news conference following bilateral meetings with his visiting Chinese counterpart Wang Yi, here, Tuesday. “We sincerely appreciate China’s commitment to purchase […]
 
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