In Malaysia, the Bernama news agency reports that the country’s palm oil council says the European Union’s sustainability criteria for biofuels banning the oil’s use due to allegedly high indirect land use change impacts should be suspended until the ILUC rule can be proven to be scientifically-based and non-discriminatory. In response to the EU’s rule […]
In Malaysia, over the weekend, the government threatened to challenge the European Union via the World Trade Organization if the EU continues to phase out palm oil from transportation fuel. Malaysia’s foreign ministry responded to the EU’s plan to phase out palm oil that was published on Wednesday as a “calculated political act” aimed at […]
In Malaysia, Reuters reports that FGV sees crude palm oil prices rising to a range of between $491.8 and $614.7 per metric ton thanks to increased demand from domestic biodiesel blending and growing exports mixed with smaller production for the year. FGV, the largest palm oil producer in the country, is having to shift its […]
In Malaysia, the Borneo Post reports that Malaysian and French officials are set to meet to discuss palm oil in an effort to better understand the product’s opportunities and challenges. Malaysia is trying to head of implementation of the French Parliament’s ban on palm oil for biodiesel from 2020. The French Environment Ambassador is set […]
In Malaysia, Platts reports that a jump in demand for palm oil from the European Union, India and China led to 21% more exports in January than during January 2018. Exports to Europe saw the largest jump by nearly 158% to 253,773 metric tons, while China was the largest destination at 317,212 tons, almost 18% […]
In Malaysia, local press reports that the primary industries minister is contemplating the development of a fund to help stabilize biodiesel prices in an effort to keep the fuel attractive for the domestic market. She said that similar programs in Thailand and Indonesia can serve as models as her ministry as well as those for […]
In Malaysia, Platts reports that the country’s B10 blending mandate for the transportation sector that came into play on December 1 came into full implementation on Friday while the B7 mandate for industrial users is set for July 1. The higher mandate for transport from B7 previously is expected to generate between 100,000 and 250,000 […]
In Malaysia, Free Malaysia Today reports that national airlines are lining up to support the “Love MY Palm Oil” campaign to protest of the European anti-palm oil sentiment. Airlines are using everyone from advertising on in-flight entertainment systems to on board magazines in an effort to communicate the benefits of Malaysian palm oil to foreign […]
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 […]
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 […]
