Archived News
19-07-2022
Industry Ministry to prioritize downstreaming of palm oil industry
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.
19-07-2022
Cooking oil price to come down within next two weeks, says Annuar
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.
19-07-2022
Indonesia has to ship six million tonnes of palm oil up to August to clear tanks — association
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.
18-07-2022
Indonesia removes palm oil export levy until Aug 31 and ease high inventories
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.
18-07-2022
Expect cheaper cooking oil in two weeks, says minister
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.
18-07-2022
AP to cash in on rising demand for oil palm, increase cultivation to 3.17L hectares
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.
18-07-2022
Economist proposes old strategy to meet labour shortage
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.
18-07-2022
Russia raises quota for sunflower oil exports
Russia has increased the quota for its exports of sunflower oil and sunflower meal, the government said today, citing sufficient domestic supplies.
18-07-2022
Soybean oil price slashed by Tk14 a litre, palm oil by Tk6
The commerce ministry has cut the prices of bottled soybean oil by Tk14 and palm oil by Tk6 per litre.
18-07-2022
FDA to Set Up Tracing System for Palm Oil Adulteration
The Food and Drugs Authority (FDA) will soon trace culprits who mix and contaminate palm oil with Sudan IV Dye, popularly known as “Suudiiâ€, in the palm oil value chain.
18-07-2022
Youths willing to ‘get dirty’ with proper incentives and support
Incentives should be provided to attract more youths to “get dirty†by working at palm oil plantations, says the Felda Malaysia Youth Council.
15-07-2022
Price of cooking oil will be based on market palm oil prices, says Annuar
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.