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KUALA LUMPUR: The Primary Industries Ministry is seeking diplomatic solutions with India following their move to restrict refined palm oil imports from Malaysia.
PUTRAJAYA: The B20 biodiesel programme for the transport sector is expected to be launched in phases next year, giving a fillip to the crude palm oil (CPO) price, which is projected to reach RM3,000 per tonne.
KUALA LUMPUR: The Finance Ministry is likely to agree on the proposal to channel the 3% windfall profit tax (WPT) on palm oil producers into a trust fund for biodiesel and oil palm smallholders’ development, according to Primary Industries Minister Teresa Kok.
KUALA LUMPUR: The Ministry of Primary Industries (MPI) is optimistic that the Finance Ministry will approve its proposal for the three per cent windfall tax imposed on palm oil planters to be channelled back to the industry.
KUALA LUMPUR: Malaysia, the world’s second-largest grower of palm oil, plans to publish concession maps and make them accessible to the public, according to the Malaysian Palm Oil Certification Council.
SERDANG: Malaysia’s furniture exports are expected to rise 1% this year against RM7.79bil recorded in 2018 on the back of continued demand from customers despite global economic uncertainties, the Primary Industries Ministry said.
The Tanjung Piai by-election saw support from the Chinese for Pakatan Harapan plunge by more than half compared to GE14.
KUALA LUMPUR: Malaysian Palm Oil Association calls on government to indefinitely suspend the windfall tax imposed on palm growers even when prices surpass 2,500 ringgit/ton, while crude palm oil export duty exemption should continue into next year, the group says.
KUALA LUMPUR: Malaysia is firm in pushing for the widespread use of B20 biodiesel, which is a mix of 20% palm oil and 80% diesel, by next year.
KUALA LUMPUR: About 60% of Malaysia’s total oil palm planted area is covered by Malaysian Sustainable Palm Oil certification, according to Primary Industries minister Teresa Kok.