Crude Palm Oil Report - 19 June 2017 Crude Palm Oil Report - 19 June 2017 | DZHI - DZH International 

Crude Palm Oil Report - 19 June 2017

  • i2Matrix
  • 19 June 2017
Malaysian palm oil to be sustainably produced by 2019, assures Mah
KUALA LUMPUR: All Malaysian palm oil will be produced in a sustainable manner by end of 2019, Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong said today.
"European Parliament has a declaration that they will only use palm oil from sustainable sources.
"By the end of 2019, all palm oil from Malaysia will be produced in a sustainable manner," Mah said after chairing Gerakan central committee meeting at the party's headquarters here today.
The Gerakan president who had a two-day visit to the European Union (EU) a fortnight ago revealed that the Malaysian palm oil campaign have been facing obstacles due to lies and distortion of facts.
However, he expressed delight with the European Court of Appeal which ruled in favour of Malaysia. "They (EU members) were told lies that there were deforestation and that orang utans were being killed. In Italy, there are 1,600 products with no oil palm logo.
"But on June 2, the courts ruled that the no oil palm logo was discriminatory since there is no proof that it is a health hazard."
"Europe is the biggest importer of Malaysian palm oil. Last year, they imported palm oil worth RM10 billion."
Mah also said that six Malaysian Members of Parliament would be sent to Europe to promote and campaign for Malaysian palm oil.
-- NST



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Benny Lee

Founder of i2Matrix. A market strategist, private trader and sought-after financial speaker and trainer in the Asian Region, Benny Lee has coached hundreds of professional and retails traders and investors in Malaysia, Singapore, Hong Kong, Thailand, Vietnam, Pakistan for more than 13 years. His passion in trading and chart analysis leads him to develop trading strategies that have helped him and many others to trade and invest successfully in the financial markets.

Benny Lee is recognized by the Malaysian and Singapore Stock Exchange as a Credible Trainer. He has also trained professionals in Malaysia under Securities Commission’s Continuous Professional Education (CPE) Program. He is also a market strategist Jupiter Securities Sdn Bhd, a Malaysian stock-broking firm.

Benny has been invited to share his expert opinion in major commodities and financial events in Malaysia, Singapore, India, Indonesia, Vietnam, Thailand, and Romania. His analysis on the financial markets can also be found on a regular basis in leading financial magazines like Smart Investor, Shares Investment Magazine and The Edge Daily in Malaysia, and Pulses Magazine in Singapore. He has also appeared on TV Financial Programs such as Capital TV (Malaysia), Channel News Asia (Singapore) and Sunbiz (Pakistan) to share his views about the markets and technical analysis.

Today, you can find his market comments regularly on The Financial Edge Daily (Wednesdays), Interview on BFM89.9 ( business radio station on Mondays at 9.00 am, The Busy Weekly, a Chinese business weekly and Palm Oil Fortune (A monthly magazine by the Malaysian Palm Oil Council, MPOC). His views are also regularly quoted on Bloomberg.

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Benny Lee's interview with Bloomberg Malaysia