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Shares in REA Holdings slumped by nearly 8% after the palm oil-to-quarrying group revealed it had missed, by a distance, its target for 2017 plantings that it had already reduced, blaming weather setbacks.

Jakarta. Indonesia has reduced deforestation within its borders by 21.2 percent over the past two years due to improved forest management, the Ministry of Environment and Forestry said in a statement on Monday (29/01).

Today, the Swiss Federal Food Safety and Veterinary Office (FSVO) warned that the colouring substance Scarlet Red (Sudan IV) had been discovered in palm oil.

rude palm oil prices rose by 0.36 per cent at Rs 572.50 per 10 kg in futures trade today as traders created fresh positions, supported by pick-up in demand at the spot market amid firm global cues.

As per the latest update from Indonesian palm oil association, shipments of crude palm oil (CPO) from Indonesia to overseas rose significantly last year as demand from foreign nations edged up.

Chin Teck Plantations Bhd expects palm oil prices to remain reasonably strong in the current year ending August 2018 on prospects of firm global demand, particularly from the world’s most populated nations; India and China.

Malaysia can count on France for support on the issue of European Union (EU) resolutions to ban palm oil biofuels by 2020.

France is in favour of no ban and no discrimination against palm oil, at national level and the European Union level, a French minister said yesterday.

Palm oil is a significant import of Pakistan’s and has crossed the $1 billion in the first half of the fiscal year. The latest numbers posted by PBS showed an increase of 23 percent in palm oil imports as compared to the same period year.

Malaysian palm oil futures rose more than 1 percent at midday on Monday, its sharpest gain since the start of the year, on expectations demand will recover and as the ringgit, the tropical oil's currency of trade, fell in early trade.

There is an urgent need for all palm oil industry players to obtain certification to prove that the commodity is being grown sustainably to strengthen the image of the industry globally.

Indonesia’s Trade Ministry said on Monday it would keep the export tax for crude palm oil (CPO) and cocoa at zero in February, unchanged from this month, as reference prices were seen remaining below certain thresholds.