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AGRICOMMODITY NEWS 2020

KUALA LUMPUR (July 10): The Malaysian Palm Oil Certification Council (MPOCC) and the Malaysian Palm Oil Board (MPOB) have established a special committee with the aim of boosting the Malaysian Sustainable Palm Oil (MSPO) certification among independent smallholders.
In a statement, MPOCC said the Board Committee for Smallholders’ MSPO Certification was formed, as only 24.1 percent of the 986,331 ha plantation area owned or leased by independent smallholders had been certified as of yesterday.

THE Malaysian Palm Oil Board (MPOB) targets about 492,000 smallholders nationwide to be certified with the Malaysian Sustainable Palm Oil (MSPO) certification by year-end, said its chairman Datuk Ahmad Jazlan Yaakub.
The certification by the MSPO, he said, was crucial to ensure the commodity produced by smallholders adhered to the requirements set by the developed countries, especially in Europe.
Presently, about 62,009 private smallholders with 243,666ha of oil palm plantations and 231,576 organised smallholders with 670,010ha of oil palm have obtained the MSPO certification.
“Organised smallholders are very easy to obtain MSPO’s certification as they are under the supervision of various government agencies such as the South Kelantan Development Authority, Central Terengganu Development Authority, South East Johor Development Authority and others.

MACHANG, July 9 -- The Malaysian Palm Oil Board (MPOB) targets about 492,000 smallholders nationwide to be certified with the Malaysian Sustainable Palm Oil (MSPO) certification by year-end, said its chairman Datuk Ahmad Jazlan Yaakub.
The certification by the MSPO he said, was crucial to ensure the commodity produced by smallholders adhere to the requirements set by the developed countries especially in Europe.
Presently, about 62,009 private smallholders with 243,666 hectares of oil palm plantations and 231,576 organised smallholders with 670,010 hectares of oil palm have obtained the MSPO certification.

KUALA LUMPUR, July 6 -- As of June 30, some 3,040 oil palm estates or 96.04 per cent of the total, comprising 4.06 million hectares, have obtained the Malaysian Sustainable Palm Oil (MSPO) certification, up from the 1,753 estates (71.1 per cent) comprising 2.97 million hectares on Dec 31, 2019.
In a statement today, Malaysian Palm Oil Board (MPOB) director-general Dr Ahmad Parveez Ghulam Kadir said in addition to this, 400 palm oil mills or 88.50 per cent had obtained the MSPO certification on June 30, 2020 compared with 340 palm oil mills or 75.2 per cent on Dec 31, 2019.

KUALA LUMPUR, July 6 -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher today, with stronger crude oil prices spurring demand for the commodity.
Singapore-based Palm Oil Analytics’ owner and co-founder Dr Sathia Varqa said the CPO futures were also higher due to the expectation of a lower output for the month of June.
At press time, Brent crude oil rose 1.40 per cent to US$43.40 per barrel.