Archived News

01/11/2022 (Business Ghana) - Ghana has developed a number of initiatives to promote the palm oil industry under the African Palm Oil Initiative (APOI) which has been evolved to Africa Sustainable Commodity Initiative (ASCI)

01/11/2022 (Malay Mail) - The development of mechanisation in the oil palm plantation sector needs to be improved within three to five years as the best alternative in reducing the dependence on foreign labour, which has become increasingly critical recently.

01/11/2022 (Hellenic Shipping News) - Indonesia said on Monday it has extended until the end of this year its policy of waiving a palm oil export levy, unless the palm oil reference price breaks $800 per tonnes, the economic ministry said.

31/10/2022 (The Edge Markets), Kuala Lumpur - Crude palm oil (CPO) prices are expected to be continuously supported by supply constraints and its price competitiveness against other edible oils in 2023, amid unfavourable geopolitical development in Russia and Indonesia’s palm oil export friendly policies, according to a senior executive in the sector.

31/10/2022 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures jumped more than 4% on Monday, rebounding from last week's losses after Russia withdrew from a Black Sea export deal, which may hurt global grain and sunflower oil supplies.

31/10/2022 (Business Recorder) - KUALA LUMPUR: Malaysian palm oil futures closed higher on Monday, rebounding from last week’s losses after Russia withdrew from a Black Sea export deal, jeopardising global grain and sunflower oil supplies.

31/10/2022 (The Edge Markets), Kuala Lumpur - The shortage of foreign workers needs be resolved soon, with arrivals of foreign labour into Malaysia being too few compared to the amount of levies already paid at RM713,890 for the approved quota of 467,223, said the National Recovery Council.

31/10/2022 (The Edge Markets), London - Europe's stocks and main currencies fell on Monday ahead of upcoming euro zone inflation data, Fed, BOE and RBA rates hikes later in the week and as Russia's withdrawal from a Ukrainian grain transit pact sent wheat and corn prices higher.

31/10/2022 (Egypt Independent) - Russia’s decision to pull out of the UN-brokered agreement that guaranteed safe passage for ships carrying vital grain exports from Ukraine has sparked “grave concerns” over global food supply at a time when the world is already facing a growing hunger crisis.

31/10/2022 (Ghana Business News) - Ghana and nine other African countries that account for about 25 per cent of the world’s tropical forest will sign the expanded declaration of the Africa Palm Oil Initiative (APOI) at the CoP 27 in Egypt in November.

27/10/2022 (Nasdaq), Jakarta - Malaysian palm oil futures dropped on Friday, dragged lower by losses in rival edible oils, and were poised for a weekly drop amid concerns of sluggish demand.

31/10/2022 (BBC News) - An 80km (49.7mile) road in Khammam district of the southern Indian state of Telangana is dotted with palm oil plantations on both sides.