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AGRICOMMODITY NEWS 2020

KUALA LUMPUR: The Ministry of Plantation Industries and Commodities (MPIC) through the Malaysian Palm Oil Board is collaborating with the Ministry of Science, Technology and Innovation to develop the latest machinery and technology for the oil palm plantation sector.

Minister Datuk Dr Mohd Khairuddin Aman Razali (pix) said the innovations would reduce the sector’s dependence on foreign labour.
“The ministry is also moving to promote oil palm cultivation among the indigenous people and draw their interest in working in the plantations, and Gerik in Perak has been selected for this pilot project,” he said at the Dewan Rakyat today.

MUAR, Aug 9 — The palm oil price which stands at RM2,800 per tonne currently provides opportunities for the industry and oil palm planters to generate higher revenue from the sale of their products.
Plantation Industries and Commodities Minister Datuk Mohd Khairuddin Aman Razali said the increase in the commodity price had boosted the country’s palm oil export which recorded a six per cent rise for the January to June 2020 period and contributed an export value worth RM22.57 billion.

KUALA LUMPUR: CGS-CIMB Securities Sdn Bhd menjangkakan harga minyak sawit mentah (MSM) diniagakan antara RM2,400 dan RM2,800 satu tan bulan ini, dirangsang oleh permintaan eksport yang kukuh.

Bagaimanapun, kenaikan harga MSM akan dikekang oleh harga minyak mentah yang dianggarkan sekitar AS$42 setong, kata firma broker saham itu dalam satu kenyataan.
"Bagi biodiesel B30 untuk berdaya maju berdasarkan kepada ketersediaan pembiayaan semasa, harga MSM perlu berada secara purata pada sekitar RM2,255 satu tan dalam separuh kedua," katanya.

KUALA LUMPUR, Aug 6 -- The Ministry of Plantation Industries and Commodities (MPIC) through the Malaysian Palm Oil Board is collaborating with the Ministry of Science, Technology and Innovation to develop the latest machinery and technology for the oil palm plantation sector.
Minister Datuk Dr Mohd Khairuddin Aman Razali said the innovations would reduce the sector’s dependence on foreign labour.
"The ministry is also moving to promote oil palm cultivation among the indigenous people and draw their interest in working in the plantations, and Gerik in Perak has been selected for this pilot project,” he said at the Dewan Rakyat today.

KUALA LUMPUR, Aug 5 -- Malaysian Palm Oil Board (MPOB) has entered into collaboration with True Trichoderma Technology Sdn Bhd to commercialise Trichoderma 159c endophytic fungal technology, which acts as a biological control agent against palm basal stem rot disease.
Trichoderma 159c is commercialised under the trade name 'TrichoShield'.
MPOB chairman Datuk Ahmad Jazlan Yaakub said True Trichoderma Technology had collaborated with MPOB in the research for the technology since June 2018.
"Today, we are witnessing the commencement of the commercialisation of MPOB technology, a biological control agent technology using Trichoderma which is an effective method for the palm oil industry," he said in a statement after the signing of the memorandum of agreement here today.