Ministry Ready To Embrace Blockchain Technology In Palm Oil Industry

Palm oil

KUALA LUMPUR (Nov 5): The Ministry of Plantation Industries and Commodities (MPIC) is ready to accept any technological innovation, including blockchain technology, as long as it meets the traceability requirements of the country’s palm oil industry. Its Minister Datuk Dr Mohd Khairuddin Aman Razali said blockchain technology is a big element and it is also […]

Oil Palm Planters Appeal To Sabah To Lift Additional Restrictions Of New SOP

KUALA LUMPUR (Oct 24): The new standard operating procedures (SOPs) that require oil palm planters to operate at half the capacity will result in an estimated revenue lost of RM900 million a month or RM30 million a day at prevailing favourable CPO prices of close to RM3,000 per tonne, according to Malaysian Estate Owners’ Association […]

Ministry To Improve Productivity, Yield Of Palm Oil Industry

KUALA LUMPUR, Oct 20 — The Ministry of Plantation Industries and Commodities (MPIC) is committed to improving the productivity and yield of the palm oil industry instead of expanding lands for the commodity. Its secretary-general Ravi Muthayah said today during the virtual International Palm Oil Sustainable Conference 2020 that the government has put in place […]

Bountiful Harvest For Oil Palm Planters

PETALING JAYA: Planters are expected to post stronger third-quarter results for the financial year 2020 (FY20), thanks to the rally in crude palm oil (CPO) prices and higher production, say analysts. According to CGS-CIMB Research, the anticipated higher third quarter (Q3) net profit by planters would be driven by a 36% year-on-year (y-o-y) rise in […]

MPOA: Palm Oil Industry’s Reputation A Top Concern For Malaysia

KUALA LUMPUR (Oct 11): While the export of Malaysian palm oil to the United States is of an insignificant amount, the effect from the US’ move to ban FGV Holdings Bhd’s palm oil and palm oil products on the industry’s reputation is of concern to Malaysia. Malaysian Palm Oil Association (MPOA) chief executive officer Datuk […]