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AGRICOMMODITY NEWS 2020

Source: The Malaysian Reserve page 14


 

PETALING JAYA: India should reconsider its decision to advise its palm oil importers to shun Malaysian palm oil as the country’s political situation has changed.
“I would like to take this opportunity to send a message to the Indian government, ” said MCA president Datuk Seri Dr Wee Ka Siong (pic).
“The situation has changed within our country. India should reconsider its decision to ban palm oil imports from Malaysia, ” he said in a Facebook post yesterday.


KUALA LUMPUR:Malaysia and India will work on improving ties that soured under former Malaysian Prime Minister Mahathir Mohamad and badly affected palm oil trade between the countries, officials from both nations said on Sunday.
India is the world's biggest palm oil importer but its purchases from Malaysia, the second-biggest palm exporter behind Indonesia, dropped drastically in recent months after attacks on India's policies by Mahathir.
Malaysia swore in a new prime minister on Sunday after last week's resignation by the outspoken Mahathir, 94, after a power battle in his coalition government.


EVEN as Malaysia and Indonesia work towards combating misperceptions behind anti-palm oil products from grocery store shelves, anti-palm oil campaigns in Europe continue to gain momentum.
The various types of anti-palm oil campaigns such as no palm oil labels, do not eat the rainforest and eat plants, no palm please, are driving a number of food manufacturers to reduce the consumption of palm oil in foods.
Children in advanced countries have also sent petitions to pressure food companies to improve palm oil policy in food products. Transparency in food labelling has become a key determinant of food choice.

KUALA LUMPUR: A proposal to provide aid for some 650,000 oil palm smallholders will be made under the government’s economic stimulus package to weather the Covid-19, says Teresa Kok.

“The matter is still under discussion as there are different commodities in the sector.
“We will check with the industry players and board (Malaysian Palm Oil Board) before submitting the proposal,” the Primary Industries Minister told reporters after launching the B20 biodiesel programme for the transportation sector at Dataran Merdeka here yesterday.