Issue 3 – 2018 | Global Oil & Fats Business Online

Revamp of RBD Palm Olein Futures (FPOL) Contract

By Editor on Sunday, October 7th, 2018 in Issue 3 - 2018 No Comments

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

A Typical EU Compromise?

By gofb-adm on Saturday, October 6th, 2018 in Issue 3 - 2018, Cover Story No Comments

On June 14, 2018, the Council of the EU (the Council), the European Parliament and the European Commission (EC) reached a political agreement during the ‘trilogue’ negotiations on the update of the Renewable Energy Directive (RED II).

The Flood, Part1

By gofb-adm on Saturday, October 6th, 2018 in Issue 3 - 2018, Publication No Comments

From 1965 to 1967, in addition to bringing to completion our programmes for planting, roads and buildings, we were also very preoccupied with the erection of our factory. At that time, the only company which could build a standard turn-key palm oil mill on contract, was Messrs Stork of Amsterdam.

‘Business as Usual’ Not an Option Anymore

By gofb-adm on Saturday, October 6th, 2018 in Issue 3 - 2018, Comment No Comments

The oil palm industry in Malaysia is at a tipping point. It is faced with multi-dimensional challenges that need action and long-term vision. The exponential growth in the cultivation of oil palm has helped feed the world’s growing demand for food, feed, fuel and fibre, and brought about many economic benefits.

In Defence of Palm Oil

By Editor on Saturday, October 6th, 2018 in Issue 3 - 2018, Comment No Comments

Malaysia is a country that is built for business and trade. We are relatively small geographically and in population terms; but we have a dynamic economy, a skilled and educated workforce, and we are situated at the crossroad of strategically important trading routes.

Removing the EU’s Blinkers

By Editor on Saturday, October 6th, 2018 in Issue 3 - 2018, Sustainability No Comments

The European Commission (EC) has released the findings of its ‘Study on the environmental impact of palm oil consumption and on existing sustainability standards’, which had been requested by its Directorate General for Environment. Published on March 16, 2018, it appears to be motivated by the EC’s initiatives with respect to environmental protection and policy measures against deforestation.

Headwinds in Palm Oil Industry Will Persist

By Editor on Saturday, October 6th, 2018 in Issue 3 - 2018, Comment No Comments

Many misunderstandings exist about palm oil, with several myths having found their way into public discourse due to aggressive campaigning by NGOs. These public relations campaigns have several disguised goals. The underlying intention, however, is to tarnish the image of palm oil in the eyes of the consumer, and ultimately, influence their purchasing behaviour.

Malaysian Palm Oil – Performance and Prospects

By gofb-adm on Saturday, October 6th, 2018 in Issue 3 - 2018, Markets No Comments

The Malaysian oil palm industry had put in a sterling performance in 2017. Crude palm oil (CPO) production and fresh fruit bunch (FFB) yield were significantly better, following recovery from the impact of the El Nino phenomenon a year earlier. According to the Department of Statistics Malaysia, higher palm oil prices and improved demand helped push export earnings to RM77.85 billion, up from RM67.92 billion in 2016.

WHO Action Plan to Eliminate Trans Fats

By gofb-adm on Saturday, October 6th, 2018 in Health, Issue 3 - 2018 No Comments

The World Health Organisation (WHO) has released ‘REPLACE’, a step-by-step guide to eliminating industrially-produced trans fats from the global food supply. This is key to protecting health and saving lives, it says. The global body estimates that, every year, trans fats intake leads to more than 500,000 deaths from cardiovascular disease.