NEWS FEED
  • 23 February, 2018
    Elephant-human conflict: Sabah Wildlife Dept captures aggressive female elephant in Telupid
    Sabah Wildlife Department has captured an aggressive female elephant Wednesday following villagers’ complaints. This was made possible by the department’s Wildlife Rescue Unit. NSTP has recently reported that the human-elephant conflict here has grown rampant with sightings of two herds of about 20 elephants reported at Kampung Gambaron and its surrounding areas since early this year. The Wildlife Rescue Unit has been stationed at the area around the clock to contain the situation involving the large herd of elephants, including four baby elephants.
  • 23 February, 2018
    Ensuring palm oil sustainability
    Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong said 633,232 ha of oil palm plantation and 59 mills have voluntarily obtained the Malaysia Sustainable Palm Oil (MSPO) certification as of January. There are 5.7 million ha of oil palm plantation and 454 mills in the country. “We want to prove to the world that we are very committed towards ensuring palm oil is produced sustainably, and this is why we are embarking on the MSPO certification.
  • 23 February, 2018
    Malaysian palm oil price pares gains on less than expected output drop
    Malaysian palm oil futures fell on Thursday evening, ending the day slightly weaker after posting gains at noon, as market sentiment turned bearish on a less than expected drop in output. The market was up earlier on the back of a weaker ringgit and overnight gains in soyoil on the U.S. Chicago Board of Trade (CBOT).
  • 23 February, 2018
    Malaysia's palm oil producers committed towards sustainability: Mah
    Malaysia is pulling all stops to increase the environment factor as the basis in developing the country's palm oil industry, Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong said today. Under the Malaysian Sustainable Palm Oil (MSPO) Certification Scheme, he said, about 625,900ha of oil palm planted areas in the country had been certified. "This is a 160 per cent (384,110ha) increase of MSPO total certified area, from 241,790ha in June 2017 to 625,900ha as of January this year.
  • 23 February, 2018
    More EU countries pledge support against palm oil ban
    THE government is confident to change the European Union’s (EU) standpoint to phase out the use of palm oil in biofuels by 2020 with more European countries having pledged support to Malaysia against the EU resolution. Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong (picture) said the ministry has managed to secure close to 50% of the total European leaders to show support against the ban. “The council of ministers are focusing on Europe’s six biggest countries, which are Germany, France, the UK, Italy, Spain and Poland,” Mah told reporters at a media briefing in Kuala Lumpur yesterday.
  • 22 February, 2018
    Production fall stirs buying interest in palm oil
    Malaysian palm oil futures rose marginally on Wednesday, as lower production numbers stirred some interest despite slower buying from India capping the gains. The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange was up 0.16% at 2,489 ringgit (US$638.21) a tonne. Trading volumes were robust, with 55,723 lots of 25 tonnes each during the first half.
  • 22 February, 2018
    Report: Malaysia seeks UK support in palm oil row with EU, eyes post-Brexit trade deal
    Malaysia is seeking UK’s support to scrap the European Union’s palm oil ban, and is agreeable to sign a free trade deal after Brexit, according to a report. UK’s The Telegraph yesterday reported that senior Malaysian officials flew to London last week to remind the British government of the close trade ties between the two countries and hinted at sanctions if the ban came into effect. Branding the move as a form of “crop apartheid”, Plantation Industries and Commodities minister Datuk Seri Mah Siew Keong told the UK daily that he was looking to Britain for support due to “close historical ties and good relationships as Commonwealth countries.”
  • 21 February, 2018
    Palm oil falls on slowing exports
    Malaysian palm oil futures fell in early trade on Tuesday, as export growth slowed and sustained strength in the ringgit marred sentiment. The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange was down 0.68% at RM2,498 a tonne at noon, reversing Monday’s gains. Palm had hit its lowest since Feb 9 on Monday, before rebounding to a gain at the day’s close. Trading volumes stood at 10,627 lots of 25 tonnes each. “Exports are slowing slightly, compared to earlier this month when the numbers were up nearly 15% in the first ten days of February,” said a Kuala Lumpur-based trader.
  • 21 February, 2018
    No strong palm oil rally seen this year
    PETALING JAYA: The current weak La Nina weather phenomenon is not likely to push crude palm oil (CPO) prices to the RM3,000-per-tonne level this year.
  • 21 February, 2018
    Malaysian palm oil/Vegoils: Market factors to watch Wednesday Feb 21
    KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday Feb 21