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Anyone lucky enough to visit Ghana could do worse than order a plate of boiled yam and red-red—a stew made with beans and tomato paste. A Sunday morning treat in Europe might be homemade crepes and hazelnut chocolate spread. Both of these meals—though part of very different cuisines and eaten in different places—contain palm oil, an edible vegetable oil extracted from the fruit of the oil palm (Elaeis guineensis).

Malaysian palm oil futures reversed earlier gains to close 1 per cent down on Friday, falling on bearish production outlooks to chart the biggest weekly drop since early November.

KUALA LUMPUR: Malaysia’s move to suspend export duties on crude palm oil (CPO) until Dec 31, 2019 will help to improve Malaysia’s CPO export competitiveness to clear the nation's current high stock level, CIMB Equities Research said.

JAKARTA: The Indonesia Biodiesel Producers Association (APROBI) estimates the country may export up to 2 million kilolitres (kl) of unblended biodiesel in 2019 in an "optimistic scenario", Vice Chairman Paulus Tjakrawan told reporters on Thursday.

KUALA LUMPUR: Malaysian palm oil futures fell nearly 4 percent on Thursday evening to their lowest in almost five months, weighed down by weakness in U.S. soyoil prices on the Chicago Board of Trade and weak demand sentiment.

NEW DELHI: The Indian government has increased import duty on crude palm oil (CPO) by US$5 per tonne and on refined, bleached and dried (RBD) palm olein by US$9 per tonne.

Primary Industries Minister Teresa Kok today expressed her disappointment over negative palm oil sentiments having also taken root in Singapore.

Indonesia’s trade ministry has decided to hold zero percent export tax for crude palm oil (CPO) and 5 percent for cocoa for next month’s shipment, director general for foreign trade of the trade ministry Oke Nurwan said.

SINGAPORE (May 2): Primary Industries Minister Teresa Kok has urged exporters to take advantage of the seven-month-long extension of the export duty exemption on crude palm oil (cpo) from May 1, 2019

MUMBAI: India raised the base import price of crude palm oil by $5 to $545 per tonne, the government said in a statement on Wednesday.

KUALA LUMPUR: Malaysian palm oil futures fell to its lowest in six weeks on Tuesday, recording a fourth consecutive day of declines, due to a bearish outlook for stocks from a leading palm oil analyst.

KUALA LUMPUR: The memorandum of understanding (MoU) on China's import of an additional 1.9 million tonnes of palm oil from Malaysia, which was signed on April 25 this year, was not an extension of the old one inked on Nov 23, 2015.