Archived News
17-06-2022
Could a new palm oil substitute help save the rainforests? Unilever partners in $120m investment to commercialise ingredient made from fermented SUGAR that could replace palm and fossil fuel-based foaming agents in cleaning and beauty products
Unilever has announced a new $120 million (£99 million) biotech venture that could help save rainforests by creating a substitute for palm oil.
17-06-2022
Cargill completes advanced biodiesel plant
GHENT, BELGIUM — In a move aimed at reducing greenhouse gas emissions and promoting circular fuel possibilities, Cargill has completed its first advanced biodiesel plant in Ghent, Belgium, which converts waste oils and residues into renewable fuel. The advanced biodiesel produced at the facility will be used by the maritime and trucking sectors, enabling customers to lower the carbon footprint associated with their maritime and road transport activities.
16-06-2022
Maybank IB: CPO export to ease in June as Indonesia lifts palm oil ban
15/06/2022 (New Straits Times) - Malaysia's crude palm oil (CPO) export volume is expected to ease month-on-month (m-o-m) in June, said Maybank Investment Bank (Maybank IB).
16-06-2022
Indonesian trade minister sacked after palm oil export uproar
15/06/2022 (Free Malaysia Today), Jakarta - Indonesian president Joko Widodo announced a cabinet reshuffle today, sacking the trade minister and announcing a replacement following controversy over a series of policy reversals on palm oil exports.
16-06-2022
CPO futures end lower on concerns over weaker demand
16/05/2022 (The Edge Markets) - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower on Wednesday on continued concerns over weaker demand following the lifting of Indonesia’s CPO export ban.
16-06-2022
Palm Oil Rebounds on Weaker Ringgit and Petroleum Price Rally
14/05/2022 (Bloomberg) - Palm oil ended higher as a weaker Malaysian currency made the tropical oil cheaper for overseas buyers, while higher petroleum prices raised its biofuel appeal.
16-06-2022
Indonesia replaces trade minister after palm oil export scandal
15/06/2022 (Morning Star Online) - INDONESIA has appointed a new trade minister after President Joko Widodo announced a cabinet reshuffle as the government came under fire over its palm oil export policy.
16-06-2022
India cuts base import prices of crude palm oil, gold
15/06/2022 (Economic Times) - India has reduced the base import prices of crude palm oil, soyoil, gold and silver, the government said late on Wednesday.
16-06-2022
India's Palm Oil Imports Dip 33% In May To 514,022 Tonne: SEA
15/06/2022 (Business World Online) - India's palm oil imports declined by 33.20 per cent to Rs 5,14,022 tonne during May this year, but there was a sharp rise in the shipment of RBD palmolein oil by refineries, industry body Solvent Extractors Association (SEA) said on Tuesday.
16-06-2022
Indonesian leader reshuffles Cabinet amid rising food prices
15/06/2022 (AP News), Jakarta - Indonesian President Joko Widodo announced a Cabinet reshuffle on Wednesday, replacing key economic ministers amid a national cooking oil shortage and rising food prices.
15-06-2022
Palm Oil Rebounds on Weaker Ringgit and Petroleum Price Rally
Palm oil ended higher as a weaker Malaysian currency made the tropical oil cheaper for overseas buyers, while higher petroleum prices raised its biofuel appeal.
15-06-2022
Indonesia cuts maximum palm oil export levy to US$200
JAKARTA: Indonesia yesterday issued regulations backing recently announced changes on a palm oil export tax policy, including cutting the maximum levy rate to accelerate shipments that have been slow to rebound after the ending of an export ban.