Archived News

22/05/2024 (Passionate in Marketing) - Bhavna Shah, Deputy CEO, NK Proteins Pvt Ltd made a presentation on Indian Vegetable Oils Scenario at a prestigious event organised by UOB Kay Hian in Malaysia on May 20, 2024. In her presentation, she highlighted key facts about the Indian Vegetable Oil Industry. Please find below the key highlights from her presentation.

21/05/2024 (Dhaka Tribune) - The government on Tuesday approved separate proposals for procuring some 11 million litres of soybean oil and 30,000 tons of fertilizer to meet the growing demand of the country.

22/05/2024 (Indian Television), Mumbai - Freedom Healthy Cooking Oil introduces its new campaign ‘Are You Buying Right?’ as an extension of the campaign ‘Dhyaan-Se-Lijiye’ to spread the awareness among consumers, to check the quantity of edible oil in the one litre pouch being purchased. As per the ministry of consumer affairs, the government of India, every one litre pouch of Sunflower Oil must contain 910 grams of oil, however some brands sell one litre look alike pack with lesser quantity (850-870 grams) of edible oil in the pack.

22/05/2024 (Chemanalyst) - Throughout the middle of the second quarter of 2024, Palm Kernel Oil prices from exporting nations are likely to continue to trade at notably low levels, with the potential for further declines due to reduced export volumes. The market earlier in April has been influenced by several converging factors, primarily an increase in Palm Kernel Oil (PKO) production and weakening global demand.

22/05/2024 (Chemanalyst) - Dabeeo, a forefront innovator in geospatial intelligence AI technology, unveiled its comprehensive expansion into the AI monitoring initiative in Indonesia. Under a contract with Tunas Sawa Erma (TSE) Group, a significant palm oil producer in Indonesia, Dabeeo will oversee a palm oil farm monitoring project spanning an area exceeding that of Seoul, totaling 765 square kilometers.

20/05/2024 (Borneo Post), Kuching - Malaysian palm oil stocks increased for the first time in six months by 1.85 per cent to 1.74 million tonnes at the end of last month, driven by a robust recovery in production, said Malaysian Palm Oil Council (MPOC).

20/05/2024 (New Straits Times), Kuala Lumpur - Sarawak Oil Palms Bhd's earnings are expected to grow, backed by decent fresh fruit bunch (FFB) growth and improving downstream utilisation, said RHB Research.

20/05/2024 (The Edge Malaysia), Kuala Lumpur - Palm oil player TSH Resources Bhd (KL:TSH) reported a 13% year-on-year increase in its first quarter core profit before tax (PBT) to RM34.8 million from RM30.8 million, amid lower fertiliser prices and reduced losses from joint ventures.

21/05/2024 (People Daily) - The price of edible oil is likely to surge by up to 80 per cent if the Finance Bill 2024 which is proposing a 25 per cent excise duty on vegetable oil and other raw materials is passed.

21/05/2024 (Business World) - HE DEPARTMENT of Energy (DoE) directed oil companies to increase the coco biodiesel blend starting October, in a bid to help reduce pump prices and support the local industry.

17/05/2024 (Power Progress) - Volvo Trucks has extended the number of models available which can use B100 biodiesel (also known as FAME, fatty acid methyl ester). The vehicles are described as a ready-made solution for customers looking to reduce CO2 emissions related to road transport.

18/05/2024 (The Guardian) - Tiny sticky droplets sprayed on crops to trap pests could be a green alternative to chemical pesticides, research has shown.