Tag: Malaysia

Malaysia PM writes to French president asking for reprieve on palm oil

Malaysia PM writes to French president asking for reprieve on palm oil

January 17, 2019 |

In Malaysia, the Prime Minister has sent a letter to the President of France asking him to drop the de facto restrictions on palm oil from 2020 that will see tax breaks for fuels produced from the controversial feedstock come to an end. In the letter, the Prime Minister called the assertion that palm oil […]

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Malaysia looks to double biodiesel blending to 20% by 2020

Malaysia looks to double biodiesel blending to 20% by 2020

January 17, 2019 |

In Malaysia, despite the several years of delays to get to 10% biodiesel blending from 7%, a shift that will be implemented in February, Reuters reports that the government is seriously looking at doubling the mandate to 20% as soon as 2020. The move should help to reduce palm oil stockpiles that are overhanging the […]

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Malaysian palm oil reserves highest since January 2000

Malaysian palm oil reserves highest since January 2000

January 10, 2019 |

In Malaysia, Reuters reports that as of the end of December, palm oil stocks reached a new high of 3.2 million metric tons—the highest seen since January 2000—following a total of 19.5 million tons produced during 2018. Though palm oil prices have begun to recover from three-year lows to around $531.87 per ton currently, high […]

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Small Malaysian oil palm farmers ask EU to reconsider ban

Small Malaysian oil palm farmers ask EU to reconsider ban

January 9, 2019 |

In Malaysia, Bernama news agency reports that the trade association representing small oil palm farmers is calling on the European Union to reconsider its ban on using palm oil in biodiesel from 2030 saying the ban is invalid and unjustified because of the efforts put into ensuring the sustainability of palm oil. It says the […]

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El Niño seen helping to control Malaysian palm oil production and push up prices

El Niño seen helping to control Malaysian palm oil production and push up prices

January 2, 2019 |

In Malaysia, although palm oil stocks are likely to remain high through the first quarter of the year, analysts expect prices to gradually increase thanks to dry weather from an expected El Niño and draining down of stocks later on the in the year. The Australian weather bureau believes there is currently a 70% chance […]

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Malaysia wants citizens to do patriotic duty and use as much palm oil as possible

Malaysia wants citizens to do patriotic duty and use as much palm oil as possible

January 1, 2019 |

In Malaysia, the government wants its citizens to do its patriotic duty by boosting consumption of palm oil, no matter their economic status and across all types of uses, in an effort to push up palm oil prices. Beyond the higher B10 blending mandate that came into effect in December after several years of going […]

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Malaysia says Norway palm oil ban will get in the way of Malaysia-EFTA trade deal

Malaysia says Norway palm oil ban will get in the way of Malaysia-EFTA trade deal

December 31, 2018 |

In Malaysia, Reuters reports that the country sees Norway’s ban on palm oil for biodiesel beginning in 2020 as a major roadblock to concluding multilateral trade negotiations between Malaysia and the European Free Trade Area, which includes the European Union plus Switzerland and Norway. The Malaysia-EFTA trade pact last held negotiations in May 2017 but […]

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Malaysia looking at ways to boost domestic demand for palm oil beyond B10

Malaysia looking at ways to boost domestic demand for palm oil beyond B10

December 26, 2018 |

In Malaysia, in light of the largest palm oil stocks seen in 18 years and prices currently three-year lows of around $505 per metric ton, Reuters reports that the government is looking at ways to boost demand locally for palm oil to help reduce the surplus and boost prices. Already the government cut export duties […]

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Malaysia teaming with Indonesia and Colombia to battle French palm oil ban

Malaysia teaming with Indonesia and Colombia to battle French palm oil ban

December 25, 2018 |

In Malaysia, Bernama news agency reports that in response to France’s ban on palm oil as a feedstock for biofuels from 2020, the country is gathering Indonesia and Colombia in February to discuss how to tackle the reduced palm oil demand that will result from the French Parliament’s policy shift. The primary industries minister believes […]

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Malaysia PM launches B10 for February 1

Malaysia PM launches B10 for February 1

December 12, 2018 |

In Malaysia, the Prime Minister officially launched the B10 mandate that will come into effect from February 1, up from the current 7%. The move is expected to reduce an additional 1.7 million metric tons of CO2 emissions from transport per year. Concerns about air pollution as well as the surplus palm oil situation have […]

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