Archived News
19-12-2023
Indonesia's Oct palm oil exports at 3.00 mln T -palm oil association
JAKARTA, Dec 19 (Reuters) - Indonesia, the world's biggest palm oil producer, exported 3.00 million metric tons of palm oil products in October, down 31% from the same month last year, data from Indonesian Palm Oil Association (GAPKI), showed on Tuesday.
19-12-2023
Malaysian palm oil up
NEW DELHI: Malaysian palm oil futures settled higher on Monday as falling inventories and concerns over output due to dry weather conditions pushed up prices.
19-12-2023
Malaysia, Nigeria to close 1.6m tonnes palm oil gap
Malaysian experts are partnering Nigeria stakeholders to increase production of oil palm estimated at 1.4 million metric tonnes (MT) yearly.
19-12-2023
CBOT soybeans end higher on good exports, Argentina tax plan
CHICAGO, Dec 18 (Reuters) -Chicago Board of Trade soybean futures ended higher on Monday as good export demand and expectations for higher soy product export taxes in Argentina offset market pressure from recent beneficial rains in dry areas of Brazil.
19-12-2023
Soyabean, rapeseed boost Indian oilmeal exports up by 21% in April-Nov
Growth in the export of soyabean meal and rapeseed meal has helped India register a 21.04 per cent increase in the overall export of oilmeals during April-November of the current financial year.
19-12-2023
Raising Awareness: Could Indonesia-China Reach The Top? – OpEd
A few years back, the European Union (EU) agreed that palm oil, mainly from Indonesia and Malaysia, should not be allowed to enter Europe’s market, which was detected as having environmental effects, ranging from pollution to illegal logging. EU enacted its regulation by signing the European Union Deforestation-Free Regulations (EUDR). In addition, some statements also said that Indonesia is a ‘killer.’
18-12-2023
KL-based palm oil watchdog must tackle climate emissions, small farm challenge
When the Roundtable on Sustainable Palm Oil (RSPO) was set up two decades ago, as the palm oil industry struggled in the wake of Southeast Asian forest fires that provoked global outrage, reining in tropical forest losses was a top priority.
18-12-2023
Top buyer India's Nov palm oil imports jump to 3-month high
MUMBAI, Dec 15 (Reuters) - India's palm oil imports in November jumped nearly 23% from the previous month to hit their highest in three months as refiners preferred the tropical oil over rival soyoil and sunflower oil due to steep discounts, a leading trade body said on Friday.
18-12-2023
Sabah’s palm oil heading towards being sustainably produced
KOTA KINABALU (Dec 15): Sabah is now officially recognized by the Roundtable on Sustainable Palm Oil (RSPO) – the most recognized sustainability certification in the world – having successfully achieved step one of the four steps employed by RSPO for a jurisdictional approach to certified sustainable palm oil. This achievement reflects a significant milestone in Sabah’s quest to position itself as a global leader in sustainable palm oil.
18-12-2023
Only B7, B20 diesel to be available in Thailand from May 1
Nanthika Thangsupanich, the department’s director-general, said the move comes in response to the Energy Policy Committee’s decision on December 13 to simplify diesel oil offerings at petrol stations and ease public confusion
18-12-2023
Focus on oil palm cultivation to reduce dependence on imports worth Rs 40K crore
The Narendra Modi government launched the National Mission on Edible Oils-Oil Palm (NMEO-OP) in August 2021, allocating Rs 11,040 crore with the objective of encouraging domestic oilseeds production and increasing the area under oil palm cultivation aggressively across various states in India in order to reduce dependence on imports of edible oils.
18-12-2023
A brighter future for oil palm
Since 2015, Malaysia has taken a global leadership role in continuously implementing sustainable oil palm cultivation and palm oil process innovations.