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Malaysia is taking proactive measures to reclaim its portion of China’s palm oil market, following a precipitous drop of almost 39% in export volumes year-on-year in the first ten months of 2025. Factors Influencing the Decline According to Malaysia’s…
The innovators behind Australia’s first reef safe sunscreen is packaged in reusable and recyclable tins and Australia’s first vegan surf zinc, SunButter Skincare, have announced they will become the first sunscreen company in the world to be certified palm…
Amazon will let customers pay for their groceries at Whole Foods locations in Seattle with a swipe of their palms. The online shopping giant, which acquired Whole Foods in 2017, is rolling out pay-by-palm technology at some grocery stores near Amazon’s…
Mydin, Malaysia’s largest supermarket chain, has announced plans to de-stock any products promoted as “palm-oil free” in a move aimed at discrediting the environmental movement. The expansion of palm-oil plantations – the majority of which are located in…
Malaysian palm oil prices are set to hold steady in 2019 at an average of RM2,303 a tonne, according to estimates by the Malaysian Palm Oil Council (MPOC), while global output of the tropical oil is expected to rise by 3 million tonnes. “Global palm oil…
Malaysia aims to double the palm oil content in biodiesel used for the transport sector to 20% next year, as Southeast Asia’s third-largest economy looks to cut record stockpiles and boost prices, a government minister said. The government will also raise the…
Malaysian palm oil futures fell last week, after data from a cargo surveyor showed exports grew more slowly than expected in January. The benchmark palm oil contract for April delivery on Bursa Malaysia Derivatives Exchange dropped 0.2% to RM2,299 a tonne.…
Sime Darby Plantation Bhd (SDP) and Sarawak Land Consolidation and Rehabilitation Authority (Salcra) have signed a memorandum of understanding (MoU) to form a collaborative framework to establish, strengthen and encourage synergistic commercial cooperation…
Malaysia, the world’s second-largest palm oil producer, is reviewing the duty structure for its exports of the edible oil, according to its minister in charge of agriculture produced for export, to boost demand and reduce burgeoning stockpiles. “We are…
Deputy Chief Minister of Sabah Datuk Seri Wilfred Madius Tangau said during his closing address at the 16th Annual Roundtable of Sustainable Palm Oil Conference today, the state is committed to having more palm oil produce to achieve both the Roundtable of…
Indonesia has decided not to make any changes to export levies on palm oil, Coordinating Economic Affairs Minister Darmin Nasution said on Thursday. “Even though we have had discussions on the issue, we prefer not to change the policy on this area. There is…
The government is considering reducing its levy on palm oil exports, Coordinating Economic Affairs Minister Darmin Nasution said on Thursday, as the country pushes to maintain its position in international markets for the commodity. Speaking at an industry…
A lawmaker and an industry analyst have called on the government to scrap its export tax on crude palm oil to help improve the competitiveness of the sector and boost exports, amid a weakening rupiah. Since 2015, the Indonesian Oil Palm Estate Fund (BPDPKS),…
President Joko “Jokowi” Widodo signed a moratorium on new oil palm plantation permits on Wednesday (19/09) and ordered a review of existing permits amid growing concern over deforestation in the country. The instruction, which is set to remain in place for…
Nickel miner Laman Mining is suspected of illegal bauxite mining operations, disrupting orangutan habitat in West Kalimantan’s Tulak River forest. The Ministry of Environment and Forestry raided the company’s sites in Puring and Kempapakon on Aug. 20, finding…
The Indonesia Oil Palm Estate Fund is confident that it can shoulder additional subsidies paid out to producers under the government’s new biodiesel policy for the rest of the year. The government will require all diesel engines in the country to run on B20,…
