Archived News

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.

14/07/2022 (The Sun Daily), Putrajaya - The palm oil industry has agreed in principle to make adjustments to reduce prices of cooking oil in stages, based on the current market price of crude palm oil, said Special Task Force on Jihad Against Inflation chairman Tan Sri Annuar Musa.

14/07/2022 (Thai PBS World) - Retail prices of one-litre bottles of palm oil at department stores and super markets have reduced from 69-70 baht to 64-65 baht, in response to a request from the Internal Trade Department.

14/07/2022 (Free Malaysia Today), Petaling Jaya - With oil palm plantations entering the seasonal peak production period from August to October, Indonesia’s temporary freeze on workers entering Malaysia could not have come at a worse time.

14/07/2022 (New Straits Times), Kuala Lumpur - Crude palm oil (CPO) prices are expected to remain elevatedin the second half of this year (H2 2022) on supply concerns and improved demand outlook, according to MIDF Research.

15/07/2022 (Reuters) - Indonesia plans to bring in new rules on its palm oil export levy and incentives soon in an attempt to boost exports and empty storage tanks, its deputy finance minister Suahasil Nazara told Reuters. The government is still mulling the rate of the new levy and the incentives, which will be applied temporarily to tackle a crisis over ballooning inventories, Suahasil said, adding that new regulations are expected this weekend or early next week.