MPOB release shows inventories at 2.11 mln tonnes last month

KUALA LUMPUR, June 9 — Malaysian agencies have entered into five memoranda of understanding (MoUs) with Japanese companies in conjunction with the Plantation and Commodities Ministry (KPK) Week, held at the Malaysia Pavilion of Expo 2025 Osaka, to advance sustainability, innovation, and market access across key commodities sectors.

KUALA LUMPUR, May 16 — The European Union (EU) has yet to determine whether Malaysia will be classified as a low risk country under its upcoming country benchmarking system for the EU Deforestation Regulation (EUDR), said EU Ambassador to Malaysia Rafael Daerr.

KUALA LUMPUR, April 22 — The European Commission (EC) has been urged to recognise the Malaysian Sustainable Palm Oil (MSPO) certification in order to promote a greater acceptance of the European Union Deforestation Regulation (EUDR).

KUALA LUMPUR, March 10 — Malaysia’s palm oil stocks fell for a fifth month in February to their lowest in 22 months as production declined, outweighing a reduction in exports, data from the industry regulator showed on Monday.

KUALA LUMPUR, Feb 10 — Malaysia’s palm oil production remained resilient despite potential disruption from floods that have hit several states in recent months, the Malaysian Palm Oil Board (MPOB) said on Monday.

KUALA LUMPUR, July 2 — The Plantation and Commodities Ministry plans to review the windfall profit levy (WPL) on palm oil in Malaysia in Budget 2025, aligning it with current palm oil prices.

KUALA LUMPUR, June 27 — The Malaysian Palm Oil Board (MPOB) will launch innovative technologies and services in conjunction with the Transfer of Technology (TOT) MPOB on July 4.

KUALA LUMPUR, June 10 — Malaysia’s palm oil stock grew by 0.5 per cent to 1.75 million tonnes in May, from 1.74 million tonnes in April, said the Malaysian Palm Oil Board (MPOB).

KUALA LUMPUR, March 11 — Malaysia’s total palm oil stocks fell five per cent to 1.92 million tonnes at the end of February 2024 from 2.02 million tonnes in January 2024, according to the Malaysian Palm Oil Board (MPOB).

KUALA LUMPUR, March 5 — The Malaysian palm oil market is expected to remain positive in 2024, with strong demand from top export destinations like India with 17.4 per cent of the share, China (9.1 per cent), and the European Union (7.4 per cent), said Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani.

KUALA LUMPUR, Feb 28 — The Middle East and North Africa (Mena) region has remained a key export market for Malaysian palm oil, with exports at 2.42 million tonnes or 16 per cent of the nation’s total palm oil exports last year, according to the Malaysian Palm Oil Council (MPOC).

BANGI, Jan 23 — The government has agreed to allow the hiring of foreign workers specifically for the plantation sector under the Plantation and Commodities Ministry (KPK), said its minister Datuk Seri Johari Abdul Ghani.

KUALA LUMPUR, Jan 10 — Malaysia’s total palm oil stocks fell by 4.64 per cent to 2.29 million tonnes in December from 2.40 million tonnes in November, according to the Malaysian Palm Oil Board (MPOB).

KUALA LUMPUR, Nov 30 — Malaysia’s palm oil exports are worth RM51.40 billion with a volume of 12.34 million tonnes for the period from January to October this year, according to the Plantation and Commodities Ministry (KPK).

BEIJING, Nov 20 — Malaysia has a huge potential to cement its presence in China’s market for palm oil and palm oil-based value-added products over the next three to five years while reducing further its dependence on the European market, said the Malaysian Palm Oil Board (MPOB).

KUALA LUMPUR, Nov 7 — There will be little change to Malaysia’s production of palm oil for this year as compared with 2022, with the price of crude palm oil hovering around RM4,000 per tonne, according to the Malaysian Palm Oil Board (MPOB).

KUALA LUMPUR, Oct 30 —The Malaysian Palm Oil Board (MPOB) has approved RM983,000 to 117 oil palm smallholders, with a maximum value of RM16,250, until August 2023 to finance agricultural input loans for fertilisers, pesticides and seeds.

KUALA LUMPUR, Oct 17 — The government promotes and widely disseminates information about schemes and assistance provided under the Ministry of Plantation and Commodities, especially in the rural and interior areas of Sarawak through the relevant agencies, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

KUALA LUMPUR, Oct 5 — The Ministry of Plantations and Commodities and the Malaysian Palm Oil Board (MPOB) are intensifying efforts to enable more palm oil smallholders to comply with the Malaysian Sustainable Palm Oil Certification (MSPO) scheme.