NEWS FEED
  • 15 February, 2018
    Malaysian palm oil price charts second day of falls on weaker rival oils
    KUALA LUMPUR: Malaysian palm oil futures fell late on Wednesday, charting a second day of declines, tracking overnight falls in U.S. soyoil on the Chicago Board of Trade (CBOT) and on a stronger ringgit.
  • 15 February, 2018
    How Far Will The EU’s Palm Oil Ban Affect Our Impoverished Farmers?
    Imagine this: You are an impoverished farmer working on a piece of land with a valuable crop and the profits from your harvests is what puts food on your table, a roof over your family members’ heads and pays off your child’s education costs. But in an unexpected turn of events, your customers stopped buying your harvests, leaving you with lesser income to support your family.
  • 15 February, 2018
    A bountiful new year
    Chinese New Year’s eve will be upon us tomorrow. At this moment, Malaysians celebrating the festival will be making last minute preparations or travelling home for the reunion dinner to usher in the big day.
  • 15 February, 2018
    Climate change versus depleting resources
    THE discourse on climate change has taken a new development especially after US President Donald Trump called it a big hoax. With both sides of the divide boasting an equal number of highly reputable scientific minds, questions are being asked about whether there are other reasons behind the vigorous promotion of the climate change phenomenon.
  • 14 February, 2018
    Mah lauds Spain for not supporting EU palm oil ban
    Malaysia has hailed Spain’s stand for not supporting any discriminatory measures against palm oil by the European Union (EU) as it will adversely affect the country’s biodiesel industry. Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong said the Spanish government adopted the stand as the adoption of the Renewable Energy Directive (RED) resolution by 2021 was also not in line with the World Trade Organisation (WTO) free-trade laws. “I welcome the commitment of the Spanish government delegation and if this ban were to become an EU legislation, any alternative to replace palm oil will result in higher costs. “The cost increase will ultimately be borne by consumers and will also result in bigger losses for biodiesel industry players in Spain,” he said in a statement today. On January 17, the European Parliament voted to phase out palm biofuels from the EU energy mix after 2020.
  • 14 February, 2018
    Spain backs Malaysia's palm oil biofuel stand
    Spain has backed Malaysia’s position that the European Union’s Renewable Energy Directive II is unfair and goes against international trade practice. In a statement today, Plantation Industries and Commodities Malaysia Datuk Seri Mah Siew Keong said Spain’s backing on the issue was expressed during Malaysia’s bilateral meetings with the European nation’s representatives in Madrid, Spain.
  • 14 February, 2018
    Malaysian palm oil price snaps winning streak to fall over 1 percent
    Malaysian palm oil futures on Tuesday snapped four days of gains, as the market corrected lower after a rally ahead of the Lunar New Year holidays, traders said. The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange was down 1.1 percent at 2,515 ringgit ($638.81) a tonne at the end of the trading day, its sharpest daily fall since Jan. 25.
  • 14 February, 2018
    Mah: Spain does not support EU palm oil ban
    Spain declared it does not support the European Union (EU) Parliament's resolution as it realised the banning of palm oil would backfire on the country’s biodiesel industry, a Malaysian Cabinet minister said. On January 17, 2018 the European Parliament had voted to phase out palm biodiesel from the EU energy mix after 2020. Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong said he had recently met up with Danial Navia Simon (Secretary of State Ministry of Energy), Maria Poncela Garcia (Secretary of State Ministry of International Trade) and Jaimie Haddad (Ministry of Agriculture, Fisheries and Environment).
  • 14 February, 2018
    Malaysian palm oil/Vegoils: Market factors to watch Wednesday Feb 14
    Malaysian palm oil futures on Tuesday snapped four days of gains, as the market corrected lower after a rally ahead of the Lunar New Year holidays, traders said. U.S. soybean futures rose to a 10-week high on Tuesday, lifted by a surging soymeal market as dry weather in Argentina threatened to reduce crop yields from that key South American supplier, traders said.