SHANGHAI, Nov 14 — Malaysia plans to further solidify its involvement in China’s Belt and Road Initiative (BRI) and explore a wider economic partnership with the world’s second-largest economy in emerging growth areas such as sustainable development and green trade, Deputy Prime Minister Datuk Seri Fadillah Yusof said.

SHANGHAI, Nov 13 — Malaysia, via the Malaysian Palm Oil Board (MPOB), will continue its research and development (R&D) to increase palm oil-based value-added products for companies in China to export to Muslim regions within the country, Deputy Prime Minister Datuk Seri Fadillah Yusof said.

SHANGHAI, Nov 12 — Deputy Prime Minister cum Plantation and Commodities Minister Datuk Seri Fadillah Yusof arrived in Shanghai, China, at 1.55pm Malaysia time on his maiden official visit to the country.

KUALA LUMPUR, Nov 9 — Malaysia's crude palm oil (CPO) is expected to trade between RM4,000 and RM4,200 per tonne next year, down from RM4,900 per tonne recorded in 2022, impacted by weather developments, geopolitical risks, government policies and slower global economic growth, said industry experts.

KUALA LUMPUR, Nov 8 — Prime Minister Datuk Seri Anwar Ibrahim today launched the Sawit Intelligent Management System (SIMS) which is designed to facilitate transactional data management along the palm oil supply chain.

KUALA LUMPUR, Nov 8 — Prime Minister Datuk Seri Anwar Ibrahim has urged the European Union (EU) to recognise and appreciate the efforts of palm oil producing countries in meeting the EU Deforestation-free Regulation (EUDR).

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, Nov 6 — Fifteen associations affiliated with the palm oil supply chain are jointly appealing to the government for an immediate review of the windfall profit levy (WPL) on palm oil in Malaysia.

NUSA DUA, Indonesia, Nov 2 — Indonesia will continue its domestic market obligation (DMO) for palm oil into 2024 to maintain price stability of cooking oil, Trade Ministry official Isy Karim said on Thursday.

KUALA LUMPUR, Nov 1 — Malaysia’s palm oil exports stood at 9.66 million tonnes, equivalent to RM40.51 billion during the first eight months of 2023 (8M 2023), said the Ministry of Plantation and Commodities (KPK).

KUALA LUMPUR, Oct 30 — Malaysia is planning to cooperate with foreign scientists and experts to assist in elevating the country’s palm oil image at the international level.

KUALA LUMPUR, Oct 17 — At least 20 per cent of oil palm are unharvested due to labour shortage, hence additional government initiatives are needed to ensure that the industry remains sustainable.

KUALA LUMPUR, Oct 17 — Malaysia has maintained its November export tax for crude palm oil at 8 per cent  and lowered its reference price, a circular on the Malaysian Palm Oil Board website showed on Tuesday.

PUTRAJAYA, Oct 3 — Palm biodiesel continues to face headwinds in terms of the ban on palm biodiesel under the European Union's (EU) Renewable Energy Directive (RED III) and US Environmental Protection Agency (EPA) guidelines, said the Malaysian Biodiesel Association (MBA) today.

KUALA LUMPUR, Sept 25 — The country’s palm oil industry is encouraged to explore and expand into niche markets to capture higher market value and targeted coverage.

KUALA LUMPUR, Sept 19 — Malaysia is reviewing an existing windfall tax on the palm industry and hopes to complete it next year, said Plantation and Commodities Minister Fadillah Yusof yesterday.

KUALA LUMPUR, Aug 30 (Bernama) -- As the main entity to promote Malaysian palm oil, the Malaysian Palm Oil Council (MPOC) has played its role in nation-building to spearhead economic growth.

BANTING —The Plantation and Commodities Ministry has urged Orang Asli smallholders in Selangor to join the Koperasi Penanam Sawit Mampan (KPSM), as it offers various benefits to increase productivity in oil palm cultivation.

KUALA LUMPUR, July 11 — Malaysian palm oil futures rose for a second session today, underpinned by improving export demand and a slower-than-anticipated rise in inventories.

KUALA LUMPUR, July 10 — Malaysia’s total palm oil stocks increased by 1.92 per cent to 1.72 million tonnes in June 2023, from 1.69 million tonnes in the preceding month.