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The ban, which ends in September 2021, has lasted for three years and aimed to curb deforestation in the country, which is home to the world's third largest tropical rainforest.

The Bursa Malaysia Derivatives Exchange (BMD) is aiming to ramp up participation in its benchmark palm oil contract with the launch of night trading, which traders say will align it with most global markets that run nearly around the clock.

Oil dropped to below $66 a barrel on Thursday, its lowest since May, pressured by concerns about weaker demand as COVID-19 cases rise, a stronger U.S. dollar and a surprise increase in U.S. gasoline inventories.

The Malaysian Palm Oil Board (MPOB) has invented a technology which can assist oil palm plantation workers to load fresh fruit bunches (FFB) in their plantations.

CRUDE palm oil’s (CPO) export duty collected for the first five months of this year surged five times or RM111 million to RM564.82 million compared to similar periods last year following the increase in the commodity price.

KUALA LUMPUR: Malaysian palm oil futures slumped nearly 3% on Wednesday, hitting a one-week closing low on fears of lower export demand and anticipation of an increase in production.

SINGAPORE: Palm oil may fall to 4,261 ringgit per tonne, as suggested by a triple-top.

KUALA LUMPUR: Malaysian palm oil futures slumped as much as 2.8% on Wednesday, hitting a one-week low, amid anticipation of an increase in production and bleak demand outlook.

JAKARTA, Aug 18 (Reuters) - Indonesia’s trade surplus widened slightly more than expected in July as growth in exports and imports slowed, data from the statistics bureau showed on Wednesday, as the country imposed mobility restrictions to control a spike in COVID-19 cases.

MUMBAI (Reuters) - India has allocated 110 billion rupees ($1.48 billion) to boost domestic palm oil production to 2.8 million tonnes by 2029-30, Agriculture & Farmers Welfare Minister Narendra Singh Tomar said on Wednesday.

KUALA LUMPUR, Aug 18 (Reuters) - Malaysia’s Sime Darby Plantation reported a second consecutive quarterly net profit on Wednesday, on higher palm oil prices, and said that it expects prices — which have scaled record highs in recent weeks — to remain firm.

HYDERABAD: Urging Union Minister for Finance and Commerce Nirmala Sitharaman not to levy 30 per cent import duty on oil palm seedlings by including it under ‘palm nuts’ code, Agriculture Minister S Niranjan Reddy suggested that it be kept under the earlier code of ‘fruit seeds for planting and sowing’ as been the case till 2019 when import duty was five per cent. Niranjan Reddy wrote a letter the Union Minister on Tuesday, stating that the farmers could be encouraged to shift to oil palm cultivation, for which the State government has set a target of 20 lakh acre cultivable area in the next three years, if input costs, especially to procure seedlings, were kept low.