Latest news with #CrudePalmOil
Borneo Post
27-05-2025
- Business
- Borneo Post
Sarawak records 8.6 pct rise in palm oil FFB production this year
Dr Rundi holds up the text of his ministerial winding-up speech. – Photo by Roystein Emmor KUCHING (May 27): Sarawak has produced 4.85 million tonnes of oil palm's Fresh Fruit Bunches (FFB), marking an 8.6 per cent increase compared to 4.47 million tonnes in the same period last year, said Dato Sri Dr Stephen Rundi Utom. The Food Industry, Commodity and Regional Development Minister added that Crude Palm Oil (CPO) production also rose by 3.7 per cent to 0.91 million tonnes. 'However, the production of Crude Palm Kernel Oil (CPKO) has recorded a 7.8 per cent decrease, from 86,530 metric tonnes to 79,762 metric tonnes,' he said during his ministerial winding-up speech at the State Legislative Assembly (DUN) sitting yesterday. Dr Rundi highlighted that Sarawak's average FFB yield increased to 3.32 metric tonnes per hectare in the first quarter of 2025, compared to 3.08 metric tonnes in 2024. He revealed that the Oil Extraction Rate (OER) from January to March 2025 recorded a declining trend, achieving 18.9 per cent, which is lower compared to 19.7 per cent during the same period in 2024. 'Similarly, the OER for CPKO declined from 45.8 per cent to 44.5 per cent during this period. 'The decline was primarily due to the adverse impact of heavy rain, flooding, and ongoing replanting programme,' he added. Dr Stephen Rundi Utom DUN sitting fresh fruit bunches oil palm
Daily Express
10-05-2025
- Daily Express
Attempt to misappropriate six tonnes of CPO foiled
Published on: Saturday, May 10, 2025 Published on: Sat, May 10, 2025 By: Azmie Lim Text Size: The CPO seized. LAHAD DATU: Marine police foiled an attempt to misappropriate Crude Palm Oil (CPO) in an operation at a premises in Jalan POIC, here, on Thursday. Sabah (Region Four) Marine Police Commander ACP Nazri Ibrahim said six tonnes of CPO, worth RM114,800, were seized. He said two men aged 30 and 43 were in the midst of transferring the CPO from a tank to barrels at the back of a lorry during the 3.50pm operation. All the items were seized for further investigation, he added. Nazri said both men were detained for investigation under Regulation 5(1)(b) of the Malaysian Palm Oil Board Regulations 2005. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Daily Express
03-05-2025
- Daily Express
RM25 million smuggled goods seized in April
Published on: Saturday, May 03, 2025 Published on: Sat, May 03, 2025 By: Azmie Lim Text Size: Some of the seized items. LAHAD DATU: The General Operation Force (GOF) detained 81 individuals and seized RM25.7 million worth of smuggled items following raids conducted in April, this year. Sabah GOF Commander, Datuk Abdul Rani Alias, said the individuals detained comprising 36 locals, 17 Filipinos, 25 China nationals, two Pakistanis and one from Indonesia. They were detained separately in 35 raids conducted by Sabah GOF throughout the State. Among the items seized during the raids are smuggled cigarettes, Crude Palm Oil (CPO), frozen foods without Halal and legal import certificates and others. 'The biggest seizures were made following the raid conducted on an unnumbered premise in Jalan POIC, Lahad Datu in which we seized 104.543 tonnes of palm oil without license. 'The seizures were estimated worth RM2.09 million. Investigation of this case was carried out under Regulation 5 (1)(D), MPOB (Licensing) Regulations 2005,' he said, in a statement, Friday. According to Abdul Rani, following another raid on a premise in Jalan Dam, Lahad Datu, GOF seized a total of 3.096 million sticks of cigarettes (Rokok Putih and Kretek). He said, during the raid, two local men were detained for investigation under the Custom Acts 1967. 'The seizures including a van which is believed used in this activity were estimated worth RM9.319 million including tax,' he said. In the meantime, Abdul Rani said GOF will continue to carry out their responsibilities in maintaining national security and public order. The police also calls on the public to become the eyes and ears of the police in its crime prevention efforts. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Time of India
25-04-2025
- Business
- Time of India
Edible oil industry body demands hike in import duty of refined palm oil to protect local industry
Edible oil industry body SEA has demanded that the government should raise import duty on refined palm oil to 40 per cent from the current 32.5 per cent to protect the domestic processing industries. Solvent Extractors' Association of India (SEA) President Sanjeev Asthana has written a letter to Union Food and Cosnumer Affairs Minister Pralhad Joshi requesting him to raise import duty difference between CPO and RBD Palmolein for providing level-playing field to domestic refining industries. #Pahalgam Terrorist Attack India pulled the plug on IWT when Pakistanis are fighting over water What makes this India-Pakistan standoff more dangerous than past ones The problem of Pakistan couldn't have come at a worse time for D-St "This import of finished goods is contrary to our national interests and is seriously affecting the capacity utilisation of our palm refining industry," Asthana said, adding that the refined palmolein is cheaper by USD 50 per tonne currently. "The main reason for rise in palmolein imports is the encouragement given by exporting countries (Malaysia and Indonesia) to their industry. They have kept high export duties on CPO and low export duty on palmolein (finished prduct)," he said. GIF89a����!�,D; 5 5 Next Stay Playback speed 1x Normal Back 0.25x 0.5x 1x Normal 1.5x 2x 5 5 / Skip Ads by by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 2 Simple Profitable Strategies That Can Make You 5K Per Day thefutureuniversity Learn More Undo Asthana urged the minister to increase RBD palmolein duty from current level of 32.5 per cent to 40 per cent. Effective September 14, 2024, the Basic Customs Duty on Crude Soybean Oil, Crude Palm Oil, and Crude Sunflower Oil has been raised from zero to 20 per cent, making the effective duty on crude oils to 27.5 per cent. Live Events Additionally, the Basic Customs Duty on Refined Palm Oil, Refined Sunflower Oil, and Refined Soybean Oil has been increased from 12.5 per cent to 32.5 per cent making the effective duty on refined oils at 35.75 per cent. India meets more than 50 per cent of its edible oil requirement through imports.
