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ROTTERDAM: Palm oil on the European vegetable oils market eased on Wednesday, tracking Malaysian palm oil futures on concerns over weak export demand.

The formal mandate of the Nigerian Institute for Oil Palm Research is to conduct research into the production and products of oil palm and other palms of economic importance and transfer its research findings to farmers. Nigeria has imported palm oil worth over $3.2billion in the last ten years. The greatest challenge in Nigeria is that NIFOR has totally disconnected from potentially small-scale and out-grower smallholder farmers of palm oil plantation and failed in its mandate. Today, NIFOR has failed in its mandate for allowing Nigeria to fall from being the largest producer of oil palm to net importer of palm oil. NIFOR failed in its mandate because there is no policy statement on how Nigeria can return back as the largest producer of palm oil in the world and the institute is always waiting for its annual subvention from Abuja. It lacks innovation. There is need to review the operations of NIFOR in the last fifty years and reposition it to deliver on its mandate. Today, the institute has no record on how many private individuals or organizations that have established palm oil plantations in the last 20years in Nigeria. NIFOR is located in Benin City and he does not even know the number of palm oil estates in Edo State. Rather there is always struggle for managerial positions in the institute. How can the institute deliver on its mandate when it has no records or database of palm oil estates in Nigeria? Federal Government should as a matter of urgency review the operations of NIFOR.

Crude palm oil prices fell 0.28 per cent to Rs 559.80 per 10 kg in futures trade today as traders booked profits amid fall in demand at the spot market.

Paris, GIVnews.com – A visiting Indonesian minister has strongly warned the French government about a possible disruption of bilateral relation if France continues its palm oil negative campaigns that lead to negative perception in European countries.

KUALA LUMPUR (Dec 13) -- Malaysian palm oil producer Jaya Tiasa Holdings expects fresh fruit bunch production to rise this fiscal year to Jun. 30 as bulk of its oil palm trees mature and reach prime yielding age, its chief operating officer said.

SINGAPORE: The palm oil third-month contract still targets 2,426 ringgit per tonne, as it is poised to break a support at 2,462 ringgit.

Palm oil on the European vegetable oils market edged up on Tuesday as Malaysian palm oil futures rose on bargain buying and short covering now that bearish November MPOB data has been factored into prices.

FELCRA Berhad (FELCRA), an agency under the Ministry of Rural and Regional Development, distributed RM101.5 million in the second interim dividend payout for 2017 to 70,856 settlers nationwide on Sunday.

22 New research demonstrates that sustainability certification through the Roundtable on Sustainable Palm Oil does cut down on deforestation in Indonesia’s palm oil industry

Malaysia's palm oil stockpile in November this year grew 16% to 2.56 million tonnes from 2.2 million tonnes in October, data from the Malaysian Palm Oil Board (MPOB) showed.

Youths are encouraged to take up jobs in the plantation and commodity sector, which is facing a shortage of more than 54,000 workers, by equipping themselves with specific skills and semi-skills needed.

Crude palm oil prices were trading up by 0.94 per cent to Rs 567 per 10 kg in futures trading today as traders created fresh positions, supported by pick-up in demand at the spot market