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The UK supermarket Iceland has announced it will remove palm oil from all its own brand products by the end of the year due to the belief there is no such thing as "sustainable" palm oil.

KUALA LUMPUR: Malaysia's total palm oil stocks in March 2018 slipped by 6.24 per cent to 2.32 million tonnes against 2.48 million tonnes in February 2018.

KUALA LUMPUR: Affin Hwang Capital Research has maintained neutral on the plantation sector with a crude palm oil average selling price assumption of RM2,600 per metrinc tonne for 2018E.

PETALING JAYA: The local palm oil stockpile will likely ease further to hit the two-million-tonne mark this month buoyed by a stronger export outlook, according to analysts.

Malaysian oil palm exports could stand to benefit from China’s move to impose a 25% tariff on soybean imports from the US as the move could lead to higher demand for palm products, said analysts.

KUALA LUMPUR (April 11): The suspension of the export tax on palm oil by the Malaysian Government had stimulated export demand and contributed to the decline in the inventory level, according to Affin Hwang Investment Bank's plantation sector update today.

KUALA LUMPUR: Malaysian palm oil futures slipped to a one-week low on Tuesday evening in a second straight losing session as they lost ground on bearish industry regulator data released at the market’s midday break.

Jakarta, GIVnews.com – Minister of Agriculture Amran Sulaiman is reportedly asking a visiting UN official to help ease the ongoing black campaigns allegedly conducted by European countries against Indonesia’s palm oil and palm oil products. Over the years, palm oil has been Indonesia’s major foreign exchange earner.

New Delhi, Apr 10 Crude palm oil prices drifted further down by 0.68 per cent to Rs 645.80 per 10 kg in futures trade today as speculators trimmed positions, tracking a weak trend in the spot market on tepid demand.

Iceland has pledged to remove palm oil from all of its own-label foods amid concerns huge swathes of tropical rainforests in South East Asia are being destroyed for its production.

Malaysian palm oil production was higher month on month in March by 17.21% at 1.57 million mt, as palm trees began to produce more fruit after a seasonal lull in production, data from the Malaysian Palm Oil Board showed on Tuesday.

Malaysian palm oil futures ended sharply lower on Monday, on position adjustment ahead of the official MPOB data due tomorrow. Palm had hit a five-week high in the previous session after Malaysia announced it would extend tax exemptions on crude palm oil (CPO) exports to a fourth straight month in April.