Archived News
08-06-2021
Palm oil: More than 750 ISPO certificates issued for producers as of last year
More than 750 Indonesia Sustainable Palm Oil (ISPO) certificates have been issued as of last year, but the vast majority are for private corporations and state-owned plantation company PT Perkebunan Nusantara (PTPN), while smallholders remain largely uncertified.
08-06-2021
Cargill invests $200 million in new palm oil refinery
Cargill, Minneapolis, is building a $200 million palm oil refinery in Lampung, Indonesia, to accelerate its efforts in developing a sustainable palm supply chain and providing verified deforestation-free products
08-06-2021
JPJ must give weight to the problem of overloaded lorries
When the mammoth tanker Ever Given blocked the Suez Canal in March, about 360 ships were jammed on the north and south approaches, while some other vessels were rerouted around the tip of Africa.
08-06-2021
Bottled cooking oil not subsidised, says ministry
Only cooking oil sold in polybag packets is capped at a ceiling price by the government, not bottled cooking oil, the domestic trade and consumer affairs ministry said today.
08-06-2021
CPO futures likely to trade with downside bias
The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is forecast to trade with a downside bias ahead of a slew of market-moving data to be released this week.
04-06-2021
EU's Borrell: Palm oil issue shouldn't hamper trade talks with Indonesia
JAKARTA (June 3): Ongoing negotiations between the European Union and Indonesia on a trade and investment deal should not be hampered by differences over palm oil, the EU's top diplomat said, even as the bloc aims to phase out use of palm oil in fuel.
04-06-2021
CPO futures rally continues on soybean strength
KUALA LUMPUR (June 3): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives continued its rally on Thursday fuelled by concerns over dry US weather that resulted in an uptrend in the global agricultural markets.
04-06-2021
India plans edible oil import tax cut
MUMBAI: India is considering reducing import taxes on edible oils after cooking oil prices hit record highs last month, two government and two industry officials told Reuters, to reduce food costs in the world’s biggest vegetable oil importer.
04-06-2021
Palm oil targets 4,282 ringgit
SINGAPORE: Palm oil may break a resistance at 4,132 ringgit per tonne and rise towards 4,282 ringgit.
04-06-2021
Commodities sector gains amid higher inflation
PLANTATION counters are an investment thematic investors should consider in a high inflation cycle, as the sector is expected to fare better due to its ability to support economic growth and have more pricing power.
04-06-2021
Indonesia Jan-April biodiesel consumption at 2.669 mln kilolitres- association
JAKARTA, June 3 (Reuters) - Indonesia’s domestic consumption of biodiesel in the January to April period stood at 2.669 million kilolitres, data from the country’s biodiesel producers association showed on Thursday.
04-06-2021
GRAINS-Soybeans steady as soyoil climbs to highest in decade
CHICAGO, June 3 (Reuters) - Chicago corn futures eased on Thursday after gaining overnight, recouping some of the previous session's losses, with concerns over dry U.S. weather and strong demand underpinning prices.