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Tag Archives: plantations

Indonesia’s halt to palm oil expansion set to expire soon



JAKARTA: Indonesia’s moratorium on new oil palm plantation permits is set to expire this week as the industry awaits clarity on whether the government will extend the policy.

President Joko Widodo ordered a stop to permit issuance for new plantations and expansion of existing ones for three years in a decree signed Sept. 19, 2018. That order expanded on an earlier ban on permits for plantations on primary forest and peat land.

As palm prices surge almost 50% in the past year due to tight supply, the government has given few signs on whether the moratorium would remain. The breakneck expansion of plantations through Southeast Asia has come at the expense of vast swathes of tropical rainforest.

An extension could lead prices to climb higher as there

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ACCCIM welcomes govt approval to bring in 32,000 foreign workers for plantation sector



KUALA LUMPUR (Bernama) -- The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) has welcomed the government's decision to grant special approval to bring in 32,000 foreign workers to ease the labour shortage in the plantation sector.

Minister of Human Resources Datuk Seri Saravanan Murugan has said that his ministry is drawing up standard operating procedures (SOPs), including identifying a 2,000-person capacity COVID-19 isolation centre near Kuala Lumpur International Airport (KLIA), to facilitate the bringing in of the foreign workers.

ACCCIM said in a statement today that the measure will provide relief to the plantation sector, including the palm oil industry, which had suffered financial and revenue losses as the shortages of wo

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Malaysian palm oil price near 4-month high on stronger soy

Tuesday, 1 August 2017 KUALA LUMPUR: Malaysian palm oil futures hit a near four-month high in early trade on Monday, tracking overnight gains in soyoil on the Chicago Board of Trade and on forecasts of lower-than-expected output increases and end-stocks. The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange was …

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Malaysian palm oil price rebounds from early losses on forecasts for output drop

Wednesday, 5 July 2017 KUALA LUMPUR: Malaysian palm oil futures reversed early losses to make gains in the second half of trade, supported by forecasts of declining production which could dent local stock levels, traders said. The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange was up 0.2% at …

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