Latest news with #MPOB
Barnama
a day ago
- Business
- Barnama
MPOB To Host Open Day In Conjunction With 25th Anniversary
KUALA LUMPUR, July 29 (Bernama) -- The Malaysian Palm Oil Board (MPOB) will organise an open day in conjunction with its 25th anniversary celebration on Aug 2, 2025 at MPOB headquarters in Bangi, Selangor. It said in a statement today that the event will be held simultaneously in seven locations, including MPOB research stations in Kluang, Keratong, Bagan Datuk, Hulu Paka, Lahad Datu, Sessang and the MPOB Sabah regional office in Kota Kinabalu. 'MPOB open day is themed 'Oil Palm for All', reflecting an inclusive and sustainable oil palm ecosystem that contributes to the country's economic growth.
The Star
a day ago
- Business
- The Star
MPOB expects palm oil exports to recover in second half of 2025
NEW DELHI: The Malaysian Palm Oil Board (MPOB) expects palm oil exports to recover in the second half of this year due to stronger festival season demand in key markets. 'The demand, particularly from India, is due to the need to replenish stock for the festive season, attractive palm oil pricing and lower import duty on crude vegetable oils,' MPOB director-general Datuk Dr Ahmad Parveez Ghulam Kadir told Bernama. Ahmad Parveez was in New Delhi last week to speak at a conference organised by the Indian Vegetable Oil Producers' Association. In the first half of this year, Malaysian exports of palm oil and palm-based products dipped 7.4% to 11.39 million tonnes compared with the January-June period last year, according to MPOB. Palm oil exports were recorded at 6.95 million tonnes during the half-year period, representing a drop of 7.7% over the corresponding period in 2024 as demand weakened in India, China, the European Union, Bangladesh and Egypt. Nonetheless, despite a drop in the overall palm oil exports in the first half of 2025, Malaysia saw a growth in volumes to the Philippines, Iran, Kenya and Nigeria. Ahmad Parveez said although export tonnage had dropped, Malaysia's earnings from palm oil and palm products during the January to June 2025 period surged 9.3% to RM53.43bil compared with the same period last year. The value of palm oil exports almost hit a total of RM34bil. Malaysian palm oil has gained in geographical reach in recent years. The country's full-year palm oil exports by volume this year are projected to be 5.3% lower than the 16.9 million tonnes recorded in 2024. On the Indian market, Ahmad Parveez said demand remained particularly strong in the food services, household, and food manufacturing sectors. However, there are certain challenges, and one of them is India's import tax. 'A key concern is India's import policy, particularly the frequent adjustments to import duties. 'The recent hike in effective duties on crude palm oil to 27.5% and on refined palmolein to 35.75%, has significantly narrowed palm oil's natural price advantage compared to soft oils such as soybean and sunflower,' Ahmad Parveez pointed out. 'While we acknowledge India's policy objective to strengthen domestic oilseed production under the National Mission on Edible Oils-Oil Palm, such measures have made palm oil imports increasingly cost-sensitive and less predictable,' he added. The price premium of palm oil, along with ample global soybean oil supplies, has led to a drop in palm oil's share in India's vegetable oil imports to 46% this year from 59% in 2023, MPOC chief executive officer Belvinder Sron said at the same New Delhi industry conference. However, Malaysia's share in Indian palm oil imports reached 35% in the first half of this year compared with 30% in 2023, Sron said in her presentation. —Bernama
The Star
2 days ago
- Business
- The Star
MPOB expects palm oil exports to recover in second half of 2025
NEW DELHI: The Malaysian Palm Oil Board (MPOB) expects palm oil exports to recover in the second half of this year due to stronger festival season demand in key markets. "The demand, particularly from India, is due to the need to replenish stock for the festive season, attractive palm oil pricing and lower import duty on crude vegetable oils,' MPOB director-general Datuk Dr Ahmad Parveez Ghulam Kadir told Bernama. Ahmad Parveez was in New Delhi last week to speak at a conference organised by the Indian Vegetable Oil Producers' Association (IVPA). In the first half of this year, Malaysian exports of palm oil and palm-based products dipped 7.4 per cent to 11.39 million tonnes compared with the January-June period last year, according to MPOB figures. Palm oil exports were recorded at 6.95 million tonnes during the half-year period, representing a drop of 7.7 per cent over the corresponding period in 2024 as demand weakened in India, China, the European Union, Bangladesh and Egypt. Nonetheless, despite a drop in the overall palm oil exports in the first half of 2025, Malaysia saw a growth in volumes to the Philippines, Iran, Kenya and Nigeria. Ahmad Parveez said that although export tonnage had dropped, Malaysia's earnings from palm oil and palm products during the January-June 2025 period surged 9.3 per cent to RM53.43 billion compared with the same period last year. The value of palm oil exports was almost RM34 billion. Malaysian palm oil has gained in geographical reach in recent years. Malaysia's full-year palm oil exports by volume this year are projected to be 5.3 per cent lower than the 16.9 million tonnes recorded in 2024. On the Indian market, Ahmad Parveez said demand remains particularly strong in the food services, household, and food manufacturing sectors. However, there are certain challenges, and one of them is India's import tax. "A key concern is India's import policy, particularly the frequent adjustments to import duties. The recent hike in effective duties on crude palm oil to 27.5 per cent, and on refined palmolein to 35.75 per cent, has significantly narrowed palm oil's natural price advantage compared to soft oils such as soybean and sunflower," Ahmad Parveez said. "While we acknowledge India's policy objective to strengthen domestic oilseed production under the National Mission on Edible Oils-Oil Palm, such measures have made palm oil imports increasingly cost-sensitive and less predictable," he said. The price premium of palm oil, along with ample global soybean oil supplies, has led to a drop in palm oil's share in India's vegetable oil imports to 46 per cent this year from 59 per cent in 2023, Malaysian Palm Oil Council (MPOC) chief executive officer Belvinder Sron said at the same New Delhi industry conference. However, Malaysia's share in Indian palm oil imports reached 35 per cent in the first half of this year compared with 30 per cent in 2023, Sron said in her presentation. - Bernama
Barnama
2 days ago
- Business
- Barnama
MPOB Expects Palm Oil Exports To Recover In Second Half Of 2025
BUSINESS By Shakir Husain NEW DELHI, July 28 (Bernama) -- The Malaysian Palm Oil Board (MPOB) expects palm oil exports to recover in the second half of this year due to stronger festival season demand in key markets. 'The demand, particularly from India, is due to the need to replenish stock for the festive season, attractive palm oil pricing and lower import duty on crude vegetable oils,' MPOB director-general Datuk Dr Ahmad Parveez Ghulam Kadir told Bernama. Ahmad Parveez was in New Delhi last week to speak at a conference organised by the Indian Vegetable Oil Producers' Association (IVPA). In the first half of this year, Malaysian exports of palm oil and palm-based products dipped 7.4 per cent to 11.39 million tonnes compared with the January-June period last year, according to MPOB figures. Palm oil exports were recorded at 6.95 million tonnes during the half-year period, representing a drop of 7.7 per cent over the corresponding period in 2024 as demand weakened in India, China, the European Union, Bangladesh and Egypt. Nonetheless, despite a drop in the overall palm oil exports in the first half of 2025, Malaysia saw a growth in volumes to the Philippines, Iran, Kenya and Nigeria. Ahmad Parveez said that although export tonnage had dropped, Malaysia's earnings from palm oil and palm products during the January-June 2025 period surged 9.3 per cent to RM53.43 billion compared with the same period last year. The value of palm oil exports was almost RM34 billion. Malaysian palm oil has gained in geographical reach in recent years.
Daily Express
22-07-2025
- Daily Express
Crude palm oil and fighting cocks worth RM3.9 million seized
Published on: Tuesday, July 22, 2025 Published on: Tue, Jul 22, 2025 Text Size: An area in Tawau where fighting cocks believed to be from the Philippines were kept. Kuala Lumpur: The Wildlife Crime Bureau/Special Intelligence Investigation (WCB/PSK) Division of the Bukit Aman Internal Security and Public Order Department (JKDNKA) seized various illegal items worth RM3.9 million in two integrated operations in Lahad Datu and Tawau, Sabah, on Thursday and Friday. JKDNKA Director Datuk Seri Azmi Abu Kassim said in the first operation in Lahad Datu at 7pm, carried out with enforcement officers from the Malaysian Palm Oil Board (MPOB), they raided a store at a palm oil plantation and arrested four men aged between 20 and 31. 'We seized a lorry head with a tanker containing 30,000 litres of crude palm oil, a van, three motorised oil pumps with hoses and tanks, as well as drums filled with crude palm oil. 'The total amount of crude palm oil seized is estimated to weigh 30,148 tonnes, with a market value of RM152,090, and the overall value of the seizure in this operation is estimated at RM645,890,' he said, in a statement, Monday. Azmi said the case is being investigated under Regulation 5(1)(b) of the MPOB (Licensing) Regulations 2005, adding that police also issued five summonses (POL 257) for vehicle-related offences such as expired road tax, no insurance coverage and driving without a licence. Meanwhile, in the second operation in Tawau at 2.30pm on Friday, police seized 622 fighting cocks and arrested three men, including two foreign men from Indonesia and the Philippines, all aged around their 50s. 'At the first location in Kampung Apas Parit, two Indonesian men and two Filipino men were arrested, and police seized 470 fighting cocks believed to be from the Philippines, 40 rooster spur knives, 180 units of vitamins and 500 chicken cages. 'At the second location in Kampung Membalua Off Jalan Apas, a 57-year-old man was detained along with 152 fighting cocks, with the total estimated value of the seizures at both locations being RM3,287,708,' he said. He added that all those arrested are being investigated under Section 15(1) of the Animal Welfare Enactment 2015, Sections 55B, 39B & 6(1)(c) of the Immigration Act 1959/63 and Section 6 of the Dangerous Weapons Act 1958. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * 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
