Tag: Malaysia

Malaysia expects to pick up US market share following anti-dumping tariffs

Malaysia expects to pick up US market share following anti-dumping tariffs

April 10, 2018 |

In Malaysia, the country expects to gain market share in the US after the country confirmed anti-dumping tariffs against Argentine and Indonesian biodiesel imports that would all but block imports from those origins. Last year, Malaysia exported 235,259 metric tons of biodiesel. Although Indonesia and Argentina have all but lost access to the US market, […]

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B10 could boost Malaysian palm oil demand to 1 million tons

B10 could boost Malaysian palm oil demand to 1 million tons

March 19, 2018 |

In Malaysia, boosting the biodiesel blending mandate to 10% could increase palm oil demand by another 300,000 metric tons, bringing domestic consumption above 1 million tons. With low palm oil prices and crude oil around $60 per barrel, the country’s biodiesel association believes now is the right time to increase the blend. The final decision […]

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Malaysia wants EU palm oil ban dropped in exchange for fighter jet purchase

Malaysia wants EU palm oil ban dropped in exchange for fighter jet purchase

March 12, 2018 |

In Malaysia, Edge Markets reports the government is flexing its muscles by making it very clear to France that its future purchase of 18 fighter jets, valued at $2 billion each, will be off the table if the European Union’s proposed palm oil ban for biodiesel goes into effect. The fighter jet deal is still […]

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Political will required to get Malaysia’s B10 mandate in place following 2018 elections

Political will required to get Malaysia’s B10 mandate in place following 2018 elections

March 6, 2018 |

In Malaysia, the Edge Markets reports that the national biodiesel association believes a B10 roll out plan could be possible following this year’s upcoming elections but political will be required to counter a likely increase in prices at the pump. Achieving B10 from the current B7 policy is seen as a way to create a […]

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Malaysia to hold up all trade negotiations with EU until palm oil issue sorted

Malaysia to hold up all trade negotiations with EU until palm oil issue sorted

March 6, 2018 |

In Malaysia, Reuters reports that the country’s minister for plantation industries and commodities told a conference it would react “with might and tact” should the European Union move forward with a policy to ban the use of palm oil for biofuel from 2021. He said the country would halt all trade negotiations with the European […]

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Profits up 34% for world’s largest oil palm planter

Profits up 34% for world’s largest oil palm planter

February 25, 2018 |

In Malaysia, Sime Darby Plantation, the world’s largest oil palm planter by land holdings, reported that its second-quarter net profit increased 34% compared to a year ago, thanks in part to higher earnings from Upstream Malaysia and reduced finance costs as a result of lower borrowings. They also reported a profit before tax increase of […]

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Malaysia thankful for Spain’s support to not ban palm oil for biodiesel

Malaysia thankful for Spain’s support to not ban palm oil for biodiesel

February 13, 2018 |

In Spain, Malaysia’s plantations ministers met with national authorities regarding the proposed ban on palm oil for biodiesel production across Europe and were pleased the European country is opposed to the policy shift. Spain is the second-largest palm oil importer in Europe following the Netherlands and says its biodiesel industry—which uses palm oil for 70% […]

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China looks at investment in Malaysian palm oil to boost biodiesel

China looks at investment in Malaysian palm oil to boost biodiesel

February 5, 2018 |

In Malaysia, the Chinese government is trying to encourage its domestic companies to invest in Malaysia’s palm oil industry because of the major opportunities to supply the Chinese transportation market with biodiesel. The country imports around 8 million metric tons of biodiesel while only producing about 300,000 tons a year as recently as 2015. China […]

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France says it is against palm oil discrimination

France says it is against palm oil discrimination

January 31, 2018 |

In Malaysia, the Edge reports that the French ambassador says his country is against any kind of trade distortion resulting from discriminating measures for individual agricultural commodities and as such does not support the European Parliament’s push to ban the use of palm oil in biodiesel post-2020. He said France will try to get the […]

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Malaysia vows to win over EU member states to stay palm oil biodiesel ban

Malaysia vows to win over EU member states to stay palm oil biodiesel ban

January 18, 2018 |

In Malaysia, in the wake of the European Parliament’s vote to ban palm oil for biodiesel from 2021, “referred to as a “black day” for free trade by the Malaysian government, it vowed to work hard in convincing the European Commission and European member states of palm oil’s role in the European market before the […]

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