Palm oil has undoubtedly become a victim of its own success. Ranked 10th in the world among oils and fats in 1962 with a production of only 1.3 million tonnes, it jumped to second position behind soybean oil with a recorded global production of 17.9 million tonnes in 2000

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Bursa Malaysia Derivatives (BMD) Berhad has successfully launched the RBD Palm Olein Futures Contract on 24th May 2018.

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Mere days after the World Resources Institute issued new greenhouse gas (GHG) protocols, the organisation felt it important to re-post an enlightening article about agricultural emissions. The article brings clarity to issues related to deforestation and GHG emissions. To each of their points, information is added about how the Malaysian palm oil industry leads the world in environmental stewardship.

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The European Parliament continues its discriminatory campaign against palm oil. On Jan 17, it adopted its position on the European Commission’s (EC’s) proposal for a Directive of the European Parliament and of the Council of the EU (Council) on the promotion of the use of energy from renewable resources (proposed RES Directive).

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The European Parliament continues its discriminatory campaign against palm oil. On Jan 17, it adopted its position on the European Commission’s (EC’s) proposal for a Directive of the European Parliament and of the Council of the EU (Council) on the promotion of the use of energy from renewable resources (proposed RES Directive).

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2017 has been a busy year thus far for palm oil especially in Europe. Led by health and environmental claims leveled against palm oil, Europe has launched multiple policy threats, which serve possibly to restrict trade in this important commodity.

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2017 has been a busy year thus far for palm oil especially in Europe. Led by health and environmental claims leveled against palm oil, Europe has launched multiple policy threats, which serve possibly to restrict trade in this important commodity.

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The ripples are spreading far and wide from the April 4 vote by the European Parliament that adopted a ‘Resolution on Palm Oil and Deforestation of Rainforests’. This was approved by 640 votes to 18, with 28 abstentions. It will now be referred to the European Commission (EC) for deliberation and possible rule making.

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In January this year, the French Senate proposed a new tax on palm oil and soon gained the support of some Ministers. In July, though, the government withdrew the proposal.

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In January this year, the French Senate proposed a new tax on palm oil and soon gained the support of some Ministers. In July, though, the government withdrew the proposal.

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