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News
Latest updates, insights and developments across the palm oil industry.


Oiltek International Secures New Contracts from Africa, Central America and Malaysia Worth RM19.5 Million
The new contracts bring its tally of new contracts secured in 2024 to-date to approximately RM152.3 million The Group’s current order...
Dec 10, 2024


SD Guthrie Delivers First Shipment of Palm Oil Fully Compliant with EU's Deforestation Regulation
The shipments arrived at SD Guthrie International Zwijndrecht Refinery in the Netherlands last week followed by another shipment of...
Dec 5, 2024


MPOB Ramps Up R&D on Oil Palm Seedlings to Boost Palm Oil Production
The Malaysian Palm Oil Board (MPOB) is intensifying its research and development (R&D) efforts to produce superior oil palm variants...
Dec 2, 2024


India Hikes Import Tax on Palm Oil, Other Edible Oils by 20% to Help Oilseed Farmers There
India has hiked the import tax on palm oil and other edible oils by 20%, a move seen as helping local oilseed farmers. The tax increase...
Nov 27, 2024


Indonesia Cuts Palm Oil Levy to Be Competitive, Boost Exports
This is expected to add pressure on benchmark palm oil futures, which have fallen over 10% locally since April. The world’s biggest...
Nov 22, 2024


Malaysia Unveils the World’s First Ai-Driven Smart Palm Oil Mill Pioneering Efficiency and Sustainable Energy In The Nation’s Key Industry
AIREI Sdn Bhd (AIREI) has achieved a historic milestone with the launch of the world’s first AI-driven smart palm oil mill, redefining...
Nov 20, 2024


MPOC Calls On EU to Delay the Implementation of EUDR
The Malaysian Palm Oil Council has urged the European Commission to delay the implementation of the EU Deforestation Regulation (EUDR)...
Nov 19, 2024


Either Raise the Palm Oil Windfall Profit Levy Threshold or Abolish It, Says Minister Johari
Either abolish the windfall profit levy on palm oil production or raise the threshold to make it worthwhile, the Plantation and...
Nov 14, 2024


Proposal to Revise Palm Oil Windfall Tax Pending MOF Feedback — Plantation Minister
The Plantation and Commodities Ministry (KPK) presented a proposal to the Ministry of Finance (MOF) last week to revise the windfall...
Nov 11, 2024


Import Tax Hike Not a Threat to Malaysian Palm Oil
Malaysia's palm oil sector remains well-positioned to maintain its foothold in India, despite a recent 20 per cent increase in import...
Nov 6, 2024


Budget 2025: Plantation Ministry Proposing Initiatives to Strengthen Oil Palm Industry
The Ministry of Plantation and Commodities (KPK) has submitted two proposals to the Ministry of Finance to be considered for inclusion in...
Nov 1, 2024


Analyst Sees Malaysian Palm Oil Trading Between RM3,700-RM4,500 per Ton Until Mid-2025
Malaysian palm oil is likely to trade between RM3,700 to RM4,500 a metric ton from now until June, as demand is expected to be buoyant...
Oct 29, 2024
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