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KUALA LUMPUR: World palm oil demand may suffer its first contraction in two decades during the 2019/20 crop year due to rising domestic oilseed supplies in top buyer India and slowing demand in Europe and China, industry participants told Reuters.
PETALING JAYA: Regional palm oil buyers have cited the price of sustainable palm oil, lack of consumer awareness and demand for certified sustainable products as deterrents when sourcing for certified sustainable palm oil (CSPO). Despite the availability of 100% certified palm oil, WWF said most businesses in Malaysia and Singapore were still not sourcing it.
The bid to make Malaysian palm oil sustainable goes on amid attacks that crop up over the years.
PUTRAJAYA: Malaysia will send its first Malaysian Sustainable Palm Oil (MSPO)-certified palm oil consignment to Europe by year-end, said Minister of Plantation Industries and Commodities Datuk Seri Mah Siew Keong.
KUALA LUMPUR: The palm oil industry views seriously the issue of process contaminants that affect all refined vegetable oils although the actual risk to human health has yet to be clearly defined.
KUALA LUMPUR: The Plantation Industries and Commodities (MPIC) Ministry is optimistic of achieving higher palm oil export revenue in 2017 on the back of better prices seen in the commodity now.
TIANJIN: Malaysia, a major palm oil supplier to China, will continue to offer high standard edible oil which will cater to the Chinese needs, according to Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong (pic).
KUALA LUMPUR: Malaysian palm oil futures rose for a third consecutive day on Wednesday, tracking a rally in alternative vegetable oils to reach a near two-week high. Palm has gained 1.7 percent so far this week after falling for two weeks.