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AGRICOMMODITY NEWS 2020

KUALA LUMPUR (Aug 5): The Secretariat of the Council of Palm Oil Producing Countries (CPOPC) is asking American food company Kraft Heinz Company to withdraw its misguided negative campaign on palm oil and “palm oil-free” claims and discriminatory messages on the company’s products.
It said the company, a member of the Roundtable Sustainable Palm Oil (RSPO), should take into account the sensitivity of the debate on palm oil in palm oil-producing countries, and a far more balanced assessment of global sustainability and the environment.

KUALA LUMPUR (Aug 4): The Ministry of Plantation Industries and Commodities (MPIC) is optimistic that the price of crude palm oil (CPO) will continue to rise up to RM2,500-RM2,600 per tonne by the end of this year.
Its minister, Datuk Muhd Khairuddin Aman Razali, said demand for the country's palm oil products continued to record an increase despite Covid-19.
"Alhamdulilah, we are seeing an increase in demand from the Middle East, Africa and even regions such as the Philippines. We are confident that this pandemic will not constrain the palm oil industry but instead propel it,” he said.

KUALA LUMPUR, Aug 4 -- More than 85 per cent of Malaysia’s 5.9 million hectares (ha) of oil palm plantation and about 90 per cent of 452 palm oil mills have obtained the Malaysian Sustainable Palm Oil (MSPO) certification as of July 30, 2020.
Additionally, 99.64 per cent or 231,576 organised smallholders with 679,075 ha of palm oil plantations have received their MSPO certification, the Malaysian Palm Oil Board (MPOB) said in a statement today.

KUALA LUMPUR, Aug 4 -- The Ministry of Plantation Industries and Commodities (MPIC) is optimistic that the price of crude palm oil (CPO) will continue to rise up to RM2,500-RM2,600 per tonne by the end of this year.
Its Minister, Datuk Muhd Khairuddin Aman Razali said demand for the country's palm oil products continued to record an increase despite COVID-19.
"Alhamdulilah, we are seeing an increase in demand from the Middle East, Africa and even regions such as the Philippines. We are confident that this pandemic will not constrain the palm oil industry but instead propel it,” he said.

KUALA LUMPUR, July 30 -- Top Glove Corporation Bhd has made good progress in its engagements with the US Customs and Border Protection (CBP) in relation to the latter’s order on disposable gloves manufactured by Top Glove Sdn Bhd and TG Medical Sdn Bhd.
In a statement today, the rubber glove maker said it is looking forward to arriving at an agreement on remediation next month, upon which it plans to commence payments immediately.