AGRICOMMODITY NEWS 2022

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KOTA KINABALU: Sabah aspires to be a global leader in sustainable palm oil production and efforts are being taken towards reaching this goal, says Datuk Seri Hajiji Noor.

The Chief Minister said the state has embarked on a policy initiative to protect the resilience of this sector as the foundation of the economy and sustainable development of Sabah.

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KOTA KINABALU, Aug 29 — Medium-sized oil palm producers in the state will soon adopt sustainable practices under the Malaysian Sustainable Palm Oil (MSPO) and Roundtable on Sustainable Palm Oil (RSPO) certification standards.

This comes after the first meeting of the Koperasi Lestari Penanam Sawit Sabah Berhad (Klass), a cooperative to assist the producers get group accreditation under the two certification standards.

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KUALA LUMPUR: The impact on Sime Darby Plantation Bhd's share price from Italian confectionary giant Ferrero and Cargill Inc bans of the former's palm oil is just a knee-jerk reaction, analysts said.

The bans were also not expected to significantly affect SD Plantation's financial performance, they said.

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SUMBER: NEW STRAITS TIMES, MS 23
24 OGOS 2022

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THOUGH we may be miles away, the ongoing Russia-Ukraine conflict is bound to have some form of economic impact on us.

The world’s economy is all about trade and it works like an economic cycle and when any part of that cycle is disrupted, the entire system suffers.