Archived News
17-05-2019
Curb illegal soyabean, palm oil imports from Nepal, says SOPA
India meets more than 70% of its domestic edible oil demand through imports. The country imports 150-160 lakh tonne of vegetable oils (edible & non-edible) per annum.
16-05-2019
Palm oil price at week high on stronger soyoil, weaker ringgit
Malaysian palm oil futures climbed to a one-week top in early trade on Wednesday, in line to chart a third consecutive day of gain, as it tracked an increase in U.S. soyoil on the Chicago Board of Trade (CBOT) and a weaker ringgit.
16-05-2019
Four Development Projects Receive 37 Million Euros Funding
Indonesia and Germany inked a cooperation agreement under which four development projects will receive funding of 37 million euros in areas of effective governance, technical and vocational education and training, and environment and biodiversity protection
16-05-2019
China trade war stokes concern about northern Indiana farming, manufacturing
Trump last week raised tariffs from 10 percent to 25 percent on many goods and commodities imported from China, worth about $200 billion. The Chinese government responded this week by announcing additional taxes on U.S. imports worth about $60 billion, to take effect June 1
16-05-2019
KL Kepong Q2 net profit 34.6% up
Plantation company Kuala Lumpur Kepong Bhd(KLK) net profit in its second quarter ended March 31, 2019 (2Q19) rose 34.6% to RM142.95mil from RM106.15mil a year ago, mainly due to a surplus of RM25.6mil arising from government acquisition of plantation land.
16-05-2019
CBN Governor Reveals Commodity More Expensive Than Crude Oil
The Governor, Central Bank of Nigeria (CBN), Godwin Emefiele, has noted that the price of palm oil is greater than crude oil.
16-05-2019
Palm oil imports drop 9.17% in April
New Delhi: Palm oil imports dropped 9.17 per cent to 7,07,450 tonnes during April this year, industry body Solvent Extractors Association (SEA) said on Wednesday.
16-05-2019
Indonesia’s palm, palm kernel oils exports up 15.8pc y/y in March
Indonesia’s palm and palm kernel oil exports in March rose 15.8pc from the same month a year earlier to 2.78 million tonnes, the Indonesia Palm Oil Association (GAPKI) data showed on Wednesday.
16-05-2019
Brazil soy exports to China fall 13% in 2019 - report
Brazilian exports of soybeans to China, by far their largest market, fell 13 percent in the first four months of 2019 versus a year ago, according to a report from Cargonave shipping agency released on Wednesday.
16-05-2019
‘Indonesia accords priority to pharma industry’
In doing so, Indonesia sought to draw on the expertise of India, an approach that assumes significance in the backdrop of the ambitious goal the two countries had set last year to more than double the bilateral trade by 2025.
16-05-2019
Teresa Kok: Europe offers better opportunities for palm oil market
In the face of the impending passing of the Delegated Act to phase out palm oil by the European Union, Primary Industries Minister Teresa Kok is positive that all is not lost as her European mission on palm oil has opened more doors for negotiations
16-05-2019
We will grow palm oil sector again, it’s more lucrative than crude, says Emefiele
GOVERNOR of the Central Bank of Nigeria (CBN), Godwin Emefiele, says Nigeria will aim to grow the palm oil sector again as the price is higher than that of crude oil in the international market