NEWS FEED
  • 18 January, 2018
    Mah: EU's move against palm oil is "unjustified and discriminatory"
    KUALA LUMPUR (Jan 17): Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong today slammed the European Union (EU) Parliament's decision to ban all palm oil biofuels from the bloc’s renewable energy future, calling the move unjustified and discriminatory.
  • 18 January, 2018
    Palm slumps to 3-week low on firm ringgit, weak demand
    KUALA LUMPUR (Jan 17): Malaysian palm oil futures slumped to a three-week low on Wednesday evening, as a firmer ringgit and weak demand weighed on the market.
  • 18 January, 2018
    Not all palm oil causes environmental destruction, rights abuses, says Dayak planters group
    MIRI (Jan 17): Not all palm oil causes environmental destruction and human rights abuses, argues the Dayak Oil Palm Planters Association of Sarawak (DOPPA), a group organised to represent the interests of indigenous small holders in the palm oil industry.
  • 18 January, 2018
    EU lawmakers adopt plan to remove palm oil from biofuels mix
    (Jan 17): The European Union lawmakers backed a plan to push for restricting the use of palm oil in renewable fuels after 2020 due to concerns about its environmental impact, a move that producers in Asia warned may lead to a trade conflict.
  • 17 January, 2018
    Malaysian farmers protest Europe's push to curb palm oil imports
    Hundreds of Malaysian palm oil farmers gathered in the capital city of Kuala Lumpur on Tuesday to protest a push by European Union lawmakers to curb palm oil imports from the world’s second-biggest producer of the edible oil. Smallholders, who account for about 40 percent of Malaysia’s palm oil output, say the EU’s move could threaten their livelihoods because prices will likely fall if supply that would normally go to Europe is left sloshing around the market. “We are protesting (the EU’s call) ... as we will lose out,” said Aliasak Ambia, president of the National Association of Smallholders, which has submitted a petition to the EU representative office in Kuala Lumpur in protest of the vote.
  • 17 January, 2018
    Over 1,000 protest against EU move to ban palm oil biofuel
    About 1,700 Malaysian palm oil smallholders today rallied against the European Union’s (EU) move to remove palm oil from its biofuels mix. The protest demanded that the EU withdraw its proposal to ban, after 2020, palm oil biofuels from a list of renewable fuels, claiming that it discriminated against Malaysia and undermined the United Nations’ sustainable development goals to eradicate poverty.
  • 17 January, 2018
    EU parliament plans push to remove palm oil from biofuels mix
    BRUSSELS (Jan 16): The European Parliament is poised to endorse a legislative campaign to remove palm oil from the list of designated renewable fuels after 2020, due to concerns about its environmental impact, a move that risks a trade conflict with producers in Asia.
  • 17 January, 2018
    Palm oil down 1.5% on stronger ringgit, EU concerns
    KUALA LUMPUR (Jan 16): Malaysian palm oil futures fell as much as 2% in Tuesday evening trade, touching their lowest in more than two weeks, as a stronger ringgit and concerns over a European Union vote to curb palm oil imports dented sentiment.
  • 16 January, 2018
    Malaysian palm oil price rebounds on lower production outlook
    Malaysian palm oil futures ended higher on Monday, recovering from an earlier more than two-week low, as traders forecast falling production in the coming weeks. The market earlier fell on the back of a stronger ringgit and cautious trading ahead of cargo surveyors' export data releases. A stronger ringgit typically makes palm oil more expensive for holders of foreign currencies. The ringgit has gained over 2 percent since the start of the year, and over 11 percent since 2017.