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.

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.

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.

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.

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.
More at MPOC’s HQ