Archived News

18/07/2022 (Antara News), Jakarta - The Ministry of Industry will focus on implementing the downstream industry policy in a bid to increase the added value of domestic agro-based commodities, including palm oil.

18/07/2022 (New Straits Times), Kuala Lumpur - The government expects the price of cooking oil to go down by at least 10 per cent within the next two weeks.

18/07/2022 (The Edge Markets), Jakarta - Indonesia will have to export six million tonnes of palm oil until August if it wants to cut its ballooning inventory levels back to normal, an industry association said on Monday (July 18), after the government waived its export levy for one and a half months.

Indonesia has scrapped its export levy for all palm oil products until Aug. 31 in a fresh attempt to boost exports and ease high inventories, finance ministry officials said on Saturday, adding the move would not disrupt government revenues.

The price of unsubsidised cooking oil is expected to fall within two weeks following the decline in crude palm oil prices on the world market.

With the increasing demand for edible oil in Andhra Pradesh and neighbouring states, the area under oil palm cultivation in the state will increase to over 3.17 lakh hectares in the coming four to five years with a target of over 25,000 hectares every year.

As the labour crunch continues to worsen, an economist has urged the government to revisit an old strategy to solve the problem.Socio-Economic Research Centre executive director Lee Heng Guie said the Manpower and Labour Recalibration Programme could be the way to get more workers into plantations and other sectors.

Russia has increased the quota for its exports of sunflower oil and sunflower meal, the government said today, citing sufficient domestic supplies.

The commerce ministry has cut the prices of bottled soybean oil by Tk14 and palm oil by Tk6 per litre.

The Food and Drugs Authority (FDA) will soon trace culprits who mix and contaminate palm oil with Sudan IV Dye, popularly known as “Suudii”, in the palm oil value chain.

Incentives should be provided to attract more youths to “get dirty” by working at palm oil plantations, says the Felda Malaysia Youth Council.

14/07/2022 (The Star Online), Petaling Jaya - Industry players have agreed that the prices of cooking oil will be based on the current market of palm oil prices, says Tan Sri Annuar Musa.