Musim Mas, a leading palm oil producer, has taken a significant step towards sustainable business practices by securing its first Sustainability-Linked Revolving Credit Facility (RCF). This innovative financing, coordinated by Rabobank and HSBC, ties loan terms to the achievement of key sustainability performance indicators, demonstrating Musim Mas’ commitment to responsible palm oil production.
Malaysia has revised its plan to gift orangutans to palm oil-buying countries, opting instead for an adoption program that keeps the endangered apes in their natural habitat. The new plan, inspired by China’s ‘panda diplomacy’, aims to raise funds for orangutan conservation through ‘sponsorship’ by palm oil importers.
Malaysia’s plantation industries and commodities minister, Johari Abdul Ghani, has called upon India to relax its export restrictions on essential food commodities, particularly rice, sugar, and onions. Ghani emphasizes the importance of maintaining open trade routes with India, highlighting Malaysia’s role in fulfilling India’s palm oil needs. The minister’s request follows India’s imposition of export curbs on these items in 2023 to control domestic prices, which has disrupted Malaysia’s supply chain.
