Archived News

France allowed a limited use of palm oil at Total's new La Mede biofuel refinery on Wednesday, a move that prompted an outcry from French farmers who said most of the palm oil would be imported.

Import of vegetable oils during April 2018 is reported at 1,386,466 tons compared to 1,339,489 tons in April 2017 and 1,146,051 tons in previous month (March '18) consisting 1,368,616 tons of edible oils and 17,850 tons of non-edible oils i.e. up by 3.5%, as compiled by The Solvent Extractors' Association of India. The overall import of vegetable oils during November 2017 to April 2018 is reported at 7,318,295 tons compared to 7,138,265 tons i.e. Up by 2.5%.

India's edible oil imports for the year to October 2018 may be nearly flat on 2017 as a weaker rupee adds to the impact of a tax hike on the country's most imported edible oil, a Mumbai-based trade body said, revising down earlier forecasts.

KUALA LUMPUR (May 15): Malaysian palm oil futures rose on Tuesday evening for a second straight session of gains, supported by a weaker ringgit and slight strength in CBOT soyoil futures.

Palm Oil processing and extraction giants Africa Palm Corporation (APC),in a bid to broaden the frontiers in its operations, has signed a new partnership agreement with the Ho West District Assembly to process and extract Palm oil from Palm fruits on a large scale for mass market consumption.

KUALA LUMPUR (May 15): Sarawak Plantation Bhd posted a net loss of RM1.74 million for its first quarter ended March 31, 2018 (1QFY18), impacted by weak performance at its oil palm operations besides a fair value change of biological assets.

A district court in Indonesia has shielded an oil palm company from a Supreme Court ruling ordering it to pay $26.5 million in fines for burning peatlands in a high-biodiversity area, citing a typo in the original prosecution. The verdict has stunned activists, who had hoped that the original guilty verdict would set a strong precedent for the judicial fight against environmental crimes.

KUALA LUMPUR (May 15): Exports of Malaysian palm oil products for May 1-15 fell 14.9% to 539,084 tonnes, from 633,530 tonnes in the corresponding period in April, inspection company AmSpec Agri Malaysia said on Tuesday.

KahnKaye Chiefdom, River Cess County – Esther Beegbon, 58, has just completed a three-hour walk to Don Town from Bannie Town, where she and other residents of Kahnkaye Chiefdom in Nyorwein District selected new chiefs to lead a rejection of Equatorial Palm Oil (EPO) from expanding its plantation on their land. Not tired at all, Beegbon celebrates with other residents in dances and choruses.

The Member of Parliament for Achiase in the Eastern Region, Robert Kwasi Amoah has established a palm oil factory meant to give 1,000 direct and indirect jobs to the people in his constituency.

KUALA LUMPUR (May 14): Shares in Felda Global Ventures Holdings Bhd (FGV) rose in afternoon trading on lower palm oil stockpile numbers and in response to the general election result.

The World Health Organization (WHO) on Monday announced an initiative to ban artificial trans fats from the global food supply by 2023. This goal is a worthy endeavor, as the intake of trans fats has led to the deaths of 500,000 people from cardiovascular disease per year, according to WHO estimates.