Archived News

28/02/2024 (Nikkei Asia), Jakarta - Indonesian palm oil producers are voicing concerns that the continuing rise in domestic demand for biofuels could harm the country's food security and take a toll on exports amid stagnant production of the commodity.

28/02/2024 (ET Auto), The slump in prices for the credits, known as Renewable Identification Number (RINs), could reduce incentives for investments in biofuels production, the EIA warned. This could hinder the energy transition away from fossil fuels.

27/02/2024 (XM), Jakarta - Indonesia's palm oil output this year is expected to rise by 5% year-on-year to 57.6 million metric tons as more newly matured crops come into fruition, the Indonesia Palm Oil Association (GAPKI) said on Tuesday.

27/02/2024 (XM), Jakarta - Indonesia plans to double its palm oil replanting subsidy, chief economic minister Airlangga Hartarto said in a statement on Tuesday, to boost farmer participation in the programme.

27/02/2024 (The Edge Malaysia), Kuala Lumpur - Perak-based plantation firm United Plantations Bhd's share price rallied further to reach a record high on Tuesday, after the company reported record earnings and dividends for the financial year ended Dec 31, 2023 (FY2023).

27/02/2024 (The Edge Malaysia), Jakarta - Indonesia's palm oil exports in 2023 dropped by 2.7% on a yearly basis to 32.2 million metric tonnes from 33.1 million tonnes shipped in 2022, the Indonesia Palm Oil Association (Gapki) said on Tuesday.

27/02/2024 (BNN Breaking) - In an era where the clarion call for climate action reverberates across the globe, London Gatwick has taken a bold step forward. Embracing innovation and sustainability, the airport has dramatically reduced its carbon footprint by transitioning its diesel vehicle fleet to Hydrotreated Vegetable Oil (HVO), a move that has slashed carbon emissions by an impressive 90%. This strategic pivot forms the cornerstone of Gatwick's ambitious 'Decade of Change' plan, marking a significant leap towards environmental stewardship and operational efficiency. But what makes this transition particularly noteworthy? Let's delve into the heart of Gatwick's green journey.

26/02/2024 (The Edge Malaysia), Kuala Lumpur - FGV Holdings Bhd’s net profit fell 12-fold to RM103 million in 2023 from RM1.33 billion in 2022 as the group’s mainstay plantation business' earnings plummeted amid lower average crude palm oil (CPO) prices.

26/02/2024 (Nasdaq), Jakarta - Malaysian palm oil futures closed higher on Monday, after posting a weekly gain last week, even as subdued exports data weighed on the contract.

26/02/2024 (Singapore Business) - Share price will get a boost should Wilmar be definitively cleared from the China palm oil fraud.

26/02/2024 (Nasdaq), Jakarta – Malaysian palm oil futures looks for direction on Monday as market participants awaited new leads, while a report of weak exports data weighed the contract.

26/02/2024 (The People Network) - In an ambitious move to diversify its portfolio, KRBL Ltd, the powerhouse behind the renowned India Gate brand, has set its sights on the burgeoning edible oils market. With an announcement that came as a surprise to many, Ayush Gupta, the Business Head (Domestic) of KRBL, detailed the company's strategic shift towards introducing rice bran oil by next year. This decision is not merely an expansion but a bold step into a domain currently led by giants such as Saffola and Fortune. The plan? To carve out a significant niche in the healthy edible oils segment, aiming for sales of 20,000 tonnes and revenue of Rs 200 crore within three years.