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As Council of Palm Oil Producing Countries (CPOP) plans to consider implementing policies related to palm oil-based jet fuel, Nigeria’s palm oil production is forecast to reach 1.03 million tons (N893.6 billion) in 2018.

KUALA LUMPUR: Mala­y­sian palm oil futures rose on Tuesday evening, lifted by strength in rival edible oils and as demand expectations improved, traders said.

The unused oil palm trunk after the replanting seasons could be used as an alternative source of raw materials for the timber and furniture industry, said Minister of Plantation Industries and Commodities Datuk Seri Mah Siew Keong.

Malaysia’s palm oil output fell last month at its fastest in more than two years, but the impact on stocks was limited by a drop in exports too, and with ideas of soft demand seeing futures at one point hit an 18-month low.

KUALA LUMPUR: Malaysian palm oil futures closed slightly higher on Monday after falling by as much as 1 percent on the back of bearish government data released by the Malaysian Palm Oil Board (MPOB) at the midday break.

KUALA LUMPUR (Nikkei Markets) -- Malaysia's palm oil stockpile fell in February to the lowest in four months but the smaller-than-expected decline failed to brighten prospects of prices of the widely used commodity.

KUALA LUMPUR, March 12 — Malaysia's total palm oil stocks in February 2018 slipped by 2.85 per cent to 2.48 million tonnes against 2.55 million tonnes in January 2018.

KUALA LUMPUR: Palm oil futures closed slightly higher on Monday after falling by as much as 1 per cent on the back of bearish government data released by the Malaysian Palm Oil Board (MPOB) at the midday break.

Malaysian palm oil futures ended mildly higher on Monday, after a volatile session that saw prices move both ways, post and pre MPOB official data release.

India’s government has decided to raise the import duty on crude and refined palm oil to a ten-year high in order to support domestic producers, informs UkrAgroConsult.

MALAYSIA and Indonesia have enjoyed 60 years of diplomatic relations, but economic activities between both countries have been limited to commodity and low-value goods.

Government has secured $200m (about Shs729b) to roll out the oil palm project to other parts of the country. The Minister of Agriculture, Mr Vincent Ssempijja, made the revelation while on a routine visit to the Kalangala palm oil gardens at the weekend.