MSPO certification makes it difficult to replace oil in global market, says ministry

Commodity selling must remain to ensure Malaysia’s competitiveness, especially with Indonesia

MPOB release shows inventories at 2.11 mln tonnes last month

BANGI, June 19 — The Plantation and Commodities Ministry has ordered an immediate engagement session with palm oil industry players following concerns over the implementation of a 5 per cent Sales and Service Tax (SST) on the oleochemical sector starting next month.

JAKARTA, June 17 — Food company Wilmar Group said on Tuesday it had handed over 11.8 trillion rupiah (RM3.07 billion) to Indonesia's Attorney-General's Office as a "security deposit" in relation to a case in court about alleged misconduct in obtaining palm oil export permits.

JAKARTA, June 8 — Indonesia has said that free trade negotiations with the European Union (EU), which have been ongoing for nine years, are expected to be concluded by the end of June.

KUALA LUMPUR, June 6 — AmInvestment Bank Bhd has maintained its neutral rating on the plantation sector amid the recent “standard risk” classification by the European Commission.

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, May 5 — The palm oil sector is a key driver for Malaysia’s inclusive economic development and global sustainability, making it the country’s most valuable agricultural export, said the Datametrics Research and Information Centre (DARE).

SHAH ALAM, May 3 — Four workers suffered burns when a steam boiler machine at a palm oil factory in Bestari Jaya, Kuala Selangor, exploded today.

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).

TAWAU, April 10 — The new tariff rates proposed by the United States (US) for 90 countries, including Malaysia, on April 2 are not expected to significantly impact the prices of the country’s export commodities, especially palm oil.

JAKARTA — Indonesia's palm oil industry and farmer groups have urged the government to reduce export costs, to offset the impact of market distortion caused by the 32 per cent United States (US) reciprocal tariffs on Indonesia's exports.

PUTRAJAYA, April 7 — The new 24 per cent tariff imposed by the United States on Malaysia may initially disrupt export flows but the country has a competitive edge over major palm oil producers, said the Malaysian Palm Oil Board (MPOB).

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 27 — Approximately 11.28 million tonnes of palm oil downstream products, equivalent to RM47.76 billion, had been sold or distributed in the local market from 2020 to 2024, based on statistics from the Malaysian Palm Oil Board, said the Plantation and Commodities Ministry (KPK).

KUALA LUMPUR, Feb 24 — Malaysia and China will further strengthen collaboration in palm oil supply chains, technological innovation, and market expansion this year, said Deputy Plantation and Commodities Minister Datuk Chan Foong Hin.

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, Feb 4 — Malaysia must shift to high-value products like oleochemicals and biodiesel rather than just relying on crude palm oil (CPO) exports without a solid value-added strategy, said Paya Besar MP Datuk Mohd Shahar Abdullah.

KUALA LUMPUR, Feb 4 — The government, through the Plantation and Commodities Ministry, is committed to ensuring oil palm plantations have sufficient workforce so that production remains consistent and is not adversely affected.