Archived News

Oct 24 (Reuters) - Indian consumer goods maker Patanjali Foods (PAFO.NS) reported a 21% rise in second-quarter profit on Thursday, aided by strong demand at its mainstay cooking oils business.

23/10/2024 (Bernama), Kuala Lumpur - Crude palm oil (CPO) futures on Bursa Malaysia Derivatives rallied to a two-year high, driven by expectations of weak production and lower stock levels in both Malaysia and Indonesia, a trader said.

24/10/2024 (The Star), Petaling Jaya - Buyers of crude palm oil (CPO) are stocking up ahead of the higher export duties both in Malaysia and Indonesia, where over 80% of the world’s CPO is produced.

23/10/2024 (Bloomberg), Palm oil — the world’s most widely used vegetable oil — rallied to the highest level in more than two years as supply woes persist, rekindling concerns about rising consumer food costs.

23/10/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures rose to their highest levels in more than two years on Wednesday, supported by anticipated production declines and policy moves from two top producers.

23/10/2024 (Bernama), Kuala Lumpur - The Malaysian Palm Oil Council (MPOC) expects the European Parliament to approve a proposal to delay implementing the European Union Deforestation Regulation (EUDR).

23/10/2024 (ANTARA), Jakarta - The Ministry of Agriculture has said that Indonesia needs to secure 20 million kiloliters of crude palm oil (CPO) production per year to implement the 50 percent biodiesel mix or B50 program.

23/10/2024 (TEMPO.CO), Jakarta - Eddy Martono, chair of the Indonesian Palm Oil Producers Association (GAPKI), said the introduction of the B50 biodiesel blend will reduce the amount of crude palm oil (CPO) exported. This, he said, could lead to a decline in the country's foreign exchange earnings.

22/10/2024 (New Straits Times), Jakarta - Indonesia exported 2.38 million metric tons of palm oil products in August, up 15 per cent from a year earlier, data from the country's main palm oil industry association, GAPKI, showed on Tuesday.

22/10/2024 (Malay Mail), Kuala Lumpur - The current status of the government’s efforts to eradicate extreme poverty and the mechanisms used to determine the categories are among the highlights of today’s Dewan Rakyat session.

22/10/2024 (The Edge Malaysia), Kuala Lumpur - The Ministry of Plantation and Commodities on Tuesday proposed investing in new technologies and infrastructure to more efficiently convert wastes from palm oil production into biomass energy.

22/10/2024 (The CSR Universe), Gurugram - IDH has launched a manifesto at their annual event Sutra 2.0 - The Sustainable Trade Summit 2024 that aims to accelerate responsible sourcing in Indian markets and foster dialogue on sustainable agricultural value chains.