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The groundbreaking of 3,000-hectare (ha) oil palm plantation and processing plant owned by Norsworthy Farms, has taken place at Akwukwu-Igbo, Delta State.In his speech at the ceremony, Ogbechie hinted that the country currently consumes an estimated 2.7m metric tonnes of palm oil with estimated demand-supply gap ranging from one million mt to 1.7million, noting that with the shortfall, there is room for additional investment.

NEW DELHI: Malaysian palm oil futures extended falls into a fourth session on Thursday and hit their lowest in one month on continued concerns about weak demand outlook, while declines in Chicago soybeans weighed on the market as well.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday June 8.

NEW DELHI (June 7): Malaysian palm oil futures extended losses for a fourth consecutive session on Thursday, hitting their lowest in one month on continued concerns about a weak demand outlook, while declines in Chicago soybeans also weighed on the market.

KUALA LUMPUR: Malaysian palm oil futures extended losses for a fourth consecutive session on Thursday, hitting their lowest in one month on continued concerns about a weak demand outlook, while declines in Chicago soybeans also weighed on the market.

KOTA KINABALU: Sabah is looking to replace its palm oil with fruit crops, said Agriculture and Food Industry minister Junz Wong.

CIMB Investment Bank Bhd Research is expecting companies in the palm oil sector to be hit the worst by the government's plans to raise minimum wage and reduce the number of foreign workers in the country.

KUALA LUMPUR (June 6): Global palm oil prices could enter a bullish phase starting 2021, owing to a projected production decrease in Indonesia and Malaysia over the period 2022 to 2025, on the back of land moratorium and slow replanting activities, according to the latest analysis of Rabobank Group.

NEW DELHI (Reuters) - Higher benchmark soybean prices in Chicago and India’s plans to raise the import tax on soft oils pushed up Malaysian palm oil futures on Wednesday, a day after they hit their lowest in nearly a month.

This commentary is a response to “Palm oil certification? No silver bullet, but essential for sustainability,” an op-ed Mongabay published on May 25, 2018.

06 Jun 2018 --- Cargill claims to be on a mission to be “the leader in nourishing the world in a safe, responsible and sustainable way.” One primary focus is its work across complex global supply chains, a crucial component on how the global corporation serves its customers and keeps food systems strong. The company’s goal is to build a 100 percent transparent, traceable and sustainable palm oil supply chain by 2020 and it’s making substantial progress to deliver on its commitments.

A traditional medical practitioner, who is also a monk/priest at St. Benedictine of the Catholic Church in Edo State, Revd Father Anselm Adodo, answers the following two questions.