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No. 15, Level 5-13, Persiaran Perdana, Presint 2, 62654 Wilayah Persekutuan Putrajaya
BERITA SAWIT 2024
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In a statement, Doppa president Napoleon R Ningkos said the association is willing to help enable the expeditious surveying of their NCR land. — Picture by Mukhriz Hazim
MIRI, Jan 16 — Sarawak Dayak Oil Palm Planters Association (Doppa) members say they are willing to pay for Native Customary Rights (NCR) land surveys to expedite the state government’s efforts and enable the early issuance of perpetuity land titles.
In a statement, Doppa president Napoleon R Ningkos said the association is willing to help enable the expeditious surveying of their NCR land.
He proposed the Land and Survey Department allow government-registered private land surveyors to survey verified NCR land planted with oil palm or other cash crops.
"The costs and expenses of engaging these private registered land surveyors will be borne by the Doppa members,” he said.
Napoleon suggested this effort would complement the state government’s new NCR initiative with the amendment of Section 6 of the Land Code, 1958, a move welcomed by the association.
Under this amendment, NCR lands are identified upon receiving the community’s application and surveyed for gazettement under Section 6A.
The claiming native community then jointly applies for the issuance of titles to the said lands under Section 18 for native titled lands in perpetuity.
According to Doppa, surveying of NCR land under this new initiative via the Land and Survey Department may take a long time, involving manpower and logistics.
"Many of the applying communities have not received any reply to their applications,” he said.
He pointed out having titles for Doppa land is crucial for areas planted with oil palm or other cash crops, and it is a criteria required for bank financing purposes, Malaysian Palm Oil Board licences, Malaysian Sustainable Palm Oil certification, and foreign worker approved in principle applications.
Doppa pointed out there is urgency for land titles due to the recent federal government announcement that oil palm replanting initiatives or grants may also require titles.
It added that several years ago, the Ministry of Food Industry, Commodity and Regional Development had through its One-Stop Centre initiated a programme whereby Doppa members could apply through the ministry for NCR status verification of their planted lands.
However, Doppa said less than 10 per cent of the applicants had their lands verified to reap the benefits. — Borneo Post
https://www.malaymail.com/amp/news/malaysia/2024/01/16/in-sarawak-dayak-oil-palm-planters-say-willing-to-pay-for-ncr-land-surveys-to-speed-up-process/112701
Sumber : Malay Mail
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(Jan 15): A Chinese subsidiary of Asian food giant Wilmar International Ltd has denied allegations by a city prosecution agency that one of its units was partially accountable for a trade fraud that led to a 5.2 billion yuan (US$725 million) loss for a state-owned company.
Wilmar’s Yihai Kerry Arawana Holdings Co Ltd said in an exchange filing on Friday that one of its units had been sued in the eastern province of Anhui over its alleged role in loss-making palm oil trades between a state-owned trader and a privately owned counterparty.
The company, one of China’s top food processors, said it wasn’t involved in the fraud.
Chinese commodity trading has been hit by a series of scandals in recent years, including cases where fraudulent financial documents and warehouse receipts were used as proof of collateral and credit.
The filing by the unit of Singapore-listed Wilmar, co-founded by billionaire Kuok Khoon Hong, gives a rare insight into commodity trading in the world’s largest consumer.
The case focuses on state-owned trader Anhui Whywin International Co Ltd and its palm oil deals with private feed trader Yunnan Huijia Import & Export Co Ltd, according to the indictment cited in the filing.
The prosecutor alleges that Huijia used forged documents to obtain palm oil deliveries from Whywin, without paying the full amounts, the indictment said. The prosecutor alleges that the Yihai Kerry’s unit was also involved in the case.
Yihai Kerry said all transactions conducted by its Guangzhou unit in the trades were in compliance with normal practices and contractual agreements.
The company did not obtain any improper benefit from Huijia, nor did it participate in the alleged fraud against Whywin, according to the filing.
https://theedgemalaysia.com/node/697452
Sumber : The Edge Malaysia
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Singapore's Wilmar International said on Tuesday its Chinese unit Yihai Kerry Arawana Holdings had denied involvement in an alleged China palm oil fraud.
The announcement followed a Jan. 12 stock exchange filing by Yihai Kerry denying allegations that one of its subsidiaries was partially accountable for a fraud that led to a loss of 5.2 billion yuan (US$725.13 million) for a state-owned enterprise.
Prosecution alleged that fake documents had been used to secure palm oil deliveries without paying full amount, according to the filing.
Yihai Kerry categorically denied any involvement and maintained that all transactions conducted by its unit adhered to contractual agreements. - Reuters
https://www.nst.com.my/business/corporate/2024/01/1001776/wilmar-unit-denies-involvement-alleged-china-palm-oil-fraud
Sumber : New Straits Times
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KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with an upward bias next week given expectations of a weaker output due to seasonal factors, said palm oil trader David Ng.
He said the continued strength in external markets for soybean oil and crude oil is expected to boost market sentiment in the near term.
"We expect CPO futures to trade with an upward bias with prices looking to test the RM3,950 level. Support can be seen around the RM3,700 level," he told Bernama.
Meanwhile, Interband group of companies' senior palm oil trader Jim Teh said CPO is likely to trade between RM3,450 and RM3,550 per tonne next week.
He said China may resume the purchase of CPO ahead of the Chinese New Year next month.
This week, CPO futures traded higher amid positive sentiment over lower output expectations in the coming weeks, coupled with stronger crude oil prices.
On a weekly basis, the spot month January 2024 contract gained RM90 to RM3,780 a tonne, February 2024 added RM156 to RM3,831 a tonne, March 2024 rose RM174 to RM3,856 a tonne, April 2024 increased RM172 to RM3,843 a tonne, May 2024 edged up RM150 to RM3,799 a tonne, and June 2024 climbed RM123 to RM3,738 a tonne.
Total weekly volume improved to 385,530 lots from 233,557 lots in the preceding week, while open interest fell to 202,342 contracts from 212,004 previously.
The physical CPO price for January South rose RM150 to RM3,850 per tonne on Friday from RM3,700 a week earlier. -Bernama
https://www.nst.com.my/business/economy/2024/01/1001067/cpo-futures-likely-trade-upward-bias-next-week#google_vignette
Sumber : New Straits Times
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Deputy Plantation and Commodities Minister Datuk Chan Foong Hin and Tawau MPOB officers visited Teck Guan Sg Burung Palm Oil Mill. — Borneo Post pic
TAWAU, Jan 14 — Deputy Plantation and Commodities Minister Datuk Chan Foong Hin said that the RM100 million set aside by the federal government under Budget 2024 as replanting incentives will be in the form of "one-to-one” matching grants through TSPKS 2.0 for qualified smallholders.
"The distribution of this replanting incentive will be one of my ministry’s key projects this year, with the ultimate aim of accelerating the replanting of oil palm plantations that are more than 23 years old and ensuring the continued and sustainable development of Malaysia’s palm oil industry,” he said.
Chan, who is also Member of Parliament for Kota Kinabalu, said this during a dinner organized by the Tawau Chinese Chamber of Commerce on Saturday night.
Chan made a whirlwind working visit to Tawau yesterday. He visited Teck Guan Group of Companies’ palm oil mill near Sungai Burung, Balung in the morning, attended a dialogue meeting with the Tawau Chinese Chamber of Commerce and Tawau Agriculture Association at the Tawau town centre in the afternoon, and then proceeded to the swearing-in ceremony of the Tawau Chinese Chamber of Commerceat SJK© Kung Ming’s school hall in the evening.
Teck Guan Group’s Sg Burung Palm Oil Mill was the first mill that Chan had visited after taking office as the Deputy Minister of Plantation and Commodities on December 13, last year.
Chan noted that the Teck Guan Group was founded by fellow Sabahan entrepreneurs from scratch.
He was received by Datuk Hong Ngit Ming, Managing Director of Teck Guan Group of Companies.
Officers from the Sabah branch of the Malaysian Palm Oil Board (MPOB) were also present.
During the visit to the said palm oil mill, Chan and the MPOB officers had witnessed the entire oil palm processing chain and saw first-hand how the company maximize the use of every part of oil palm in high-productivity operations.
"I also learned that the Teck Guan Group had also invested a lot of efforts in renewable energy power generation, which certainly deserves commendations,” said Chan.
After the palm oil mill visit, Chan attended a dialogue meeting with about 30 committee members from the Tawau Chinese Chamber of Commerce and Tawau Agricultural Association.
During the dialogue, he was informed of the challenges faced by smallholders in the oil palm industry, especially in the Tawau area.
In return, Chan had shared with those present the support that federal government agencies and departments can provide to palm oil smallholders in order to form a complete ecosystem for the sustainable development of the palm oil industry. — Borneo Post
https://www.malaymail.com/amp/news/money/2024/01/14/deputy-minister-rm100m-oil-palm-replanting-incentive-distribution-one-of-plantation-ministrys-key-projects/112438
Sumber : Malay Mail