Opportunities  for Malaysian Palm Oil Players in China
Malaysian Palm Oil Council (MPOC)
by mpoc
3d ago
Import of Palm Oil Recovered in 2023 but Below Expectation Import of palm oil in China for the year 2023 rebounded significantly from 2022. From 4.94 million MT recorded in 2022, the palm oil import volume surged by 14.0% or 693,000 MT to 5.64 million MT in 2023.  Nevertheless, last year’s import volume was far from the 6.46 million and 6.38 million MT recorded in 2020 and 2021, and MPOC’s forecast of 6.11 million MT (published in the October 2023 issue of Palm Pulse magazine). Table 1: Annual Import of Palm Oil in China (2019-2023) (‘000 MT) Origin 2019 2020 2021 2022 2023 ..read more
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EU’s ban on palm oil import seen as biased
Malaysian Palm Oil Council (MPOC)
by mpoc
3d ago
KUALA LUMPUR: The European Union’s (EU) ban on the import of palm oil as a biofuel by 2030 is seen as lacking in transparency and scientific reliability, which provides an inaccurate view of the sustainability practices practised in the country’s biofuel industry. Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani said the ban is also seen as biased and will create undue restrictions and contradict free trade practices as it violates the principles of the World Trade Organisation (WTO), namely the Technical Barriers to Trade and the General Agreement on Tariffs and Trade 1994 ..read more
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EU palm oil ban: Malaysia, Indonesia seek trade justice
Malaysian Palm Oil Council (MPOC)
by mpoc
1w ago
A WTO panel’s ruling on the EU’s palm oil import policy has intensified trade tensions with Malaysia and Indonesia, highlighting environmental and trade rule disputes. A World Trade Organization (WTO) panel ruled earlier this month on a complaint brought by Malaysia against the European Union over the bloc’s plans to phase out the import of palm oil as biofuel because of environmental concerns. Malaysia, the world’s second largest producer of palm oil after Indonesia, brought a case to the WTO in early 2021 against the EU, France and Lithuania. The Southeast Asian country contes ..read more
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 CPO Prices Set to Revert to the Trading Range of RM 3,800 to RM 4,000 in April
Malaysian Palm Oil Council (MPOC)
by mpoc
1w ago
Petaling Jaya – Malaysian palm oil stocks continued their downward trend in February 2024, dropping by 5.00% to 1.919 million tonnes. This marks the lowest level of stock registered since July 2023. The reduction in palm oil inventory in February primarily driven by reduced imports and robust domestic consumption. In the first two months of 2024, Malaysian palm oil imports experienced a 70% decrease year-on-year, plummeting to 0.062 million tonnes. This amount accounts for merely 6.90% of total imports in 2023. Historically, Malaysian palm oil inventory has heavily relied on imports for buil ..read more
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Malaysian palm oil vindicated
Malaysian Palm Oil Council (MPOC)
by mpoc
1w ago
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A sustainable future for palm
Malaysian Palm Oil Council (MPOC)
by mpoc
1w ago
From ice cream to livestock feed rations, palm oil is a common ingredient found throughout all stages of the dairy supply chain. Valued for its unique melting point, mixability and low odour, it has become one of the top global edible oils by consumption since the palm oil boom of the early 1990s, says Catherine Barton, Policy Lead on Deforestation-Free Commodities and Regenerative Agriculture for Chester Zoo. “Palm is incredibly versatile and allows for manufacturing methods, product properties and extended shelf life that otherwise would not be possible if replaced with a different ingredie ..read more
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Can Europe Save Forests Without Killing Jobs in Malaysia?
Malaysian Palm Oil Council (MPOC)
by mpoc
2w ago
By Patricia Cohen  Photographs and Video by Jes Aznar Patricia Cohen and Jes Aznar interviewed farmers and landowners during a 900-mile road trip on Borneo, as well state officials in Kuala Lumpur, in Malaysia.   The European Union’s upcoming ban on imports linked to deforestation has been hailed as a “gold standard” in climate policy: a meaningful step to protect the world’s forests, which help remove planet-killing greenhouse gases from the atmosphere. The law requires traders to trace the origins of a head-spinning variety of products — beef and books ..read more
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Johari: Palm oil industry players need to increase FFB yields
Malaysian Palm Oil Council (MPOC)
by mpoc
2w ago
Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani. KUALA LUMPUR: Industry players and smallholders need to increase the production of fresh fruit bunches (FFB) and crude palm oil (CPO) to maintain the relevance of the Malaysian palm industry, said Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani. He said the government would not open new plantation areas but instead would focus on efforts to increase the yields. “If we can achieve an FFB yield of 18 tonnes per hectare, this industry can produce 20.5 million metric tonnes of CPO, an increase of two million m ..read more
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Palm Pulse March 2024
Malaysian Palm Oil Council (MPOC)
by mpoc
2w ago
MPOC is pleased to introduce the eleventh issue of Palm Pulse, our monthly newsletter dedicated to bring you latest market updates and insights on the palm oil industry. Stay ahead of the curve in this rapidly evolving industry by downloading a copy via the links below. To view with Desktop mode Download Desktop Version To view with Mobile mode Download Mobile Version ..read more
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HDC backs Johari Ghani’s call for MSPO alongside Halal cert as requirement for marketing palm oil
Malaysian Palm Oil Council (MPOC)
by mpoc
2w ago
Halal Development Corporation Bhd (HDC) has supported Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani’s call to incorporate Malaysian Sustainable Palm Oil (MSPO) compliance alongside Halal certification as requirements for the marketing of palm oil. KUALA LUMPUR: Halal Development Corporation Bhd (HDC) has supported Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani’s call to incorporate Malaysian Sustainable Palm Oil (MSPO) compliance alongside Halal certification as requirements for the marketing of palm oil. HDC said sustainable palm oil practices sho ..read more
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