Archived News

Indonesia is globally the largest producer of biodiesel, with daily output touching 137 thousand barrels, which is much higher compared to the United States, Brazil, and Germany, Coordinating Minister for Economic Affairs Airlangga Hartarto said.

India's agriculture industry is in a wait-and-watch mode amid the worsening pandemic situation, as localized lockdowns have stagnated market demand, while any subsequent stricter restrictions in the coming days are expected to slow down trading activity and disrupt supply operations.

European Union soybean imports in the 2020/21 season that began in July rose to 11.94 million tonnes through April 25, from 11.82 million tonnes shipped to the same week of the previous campaign, data published by the European Commission showed on Monday.

The palm oil imports during July-March (2020-21) were recorded at $1860.935 million against the imports of $1380.245 million during July-March (2019-20), showing increase of 34.86 percent, according to latest data of Pakistan Bureau of Statistics (PBS).

SARAWAK Oil Palms Bhd’s financial performance for the next year is expected to be boosted by the tight supply of oils and fats, including crude palm oil (CPO), coupled with continuing demand

Primary Industries and Commodities Deputy Minister Datuk Seri Dr Wee Jeck Seng said the trees of the new breed were shorter but would produce the same amount of harvest as current variants being planted by smallholders

Blessed with diverse ecological zones, fertile soil and suitable climate conditions, Khyber Pakhtunkhwa is going to emerge as a home of olive trees where over 70 million wild olive plants have been discovered out of which 40 million would be planted jointly by the Agriculture and Forest departments in next five years.

WTI Crude prices traded from US$60 to US$64 per barrel in a narrow range. We retain our view on the trend outlook. However, be cautious if the trend breaks beyond either direction

The Ministry of Plantation Industries and Commodities (MPIC), through the Malaysian Palm Oil Board (MPOB), is in the midst of producing a new variety of oil palm tree that will grow up to 20ft only to facilitate crop harvesting.

Indonesia's food and beverage industry, particularly palm oil, has contributed significantly to the country's exports, in addition to base metal industry and chemical product and chemical industry.

As part of this, the government has decided to distribute free rations of wheat to 80 crore vulnerable families during May and June. This is a welcome step as it comes at a time when the nation is facing the second wave of Covid-19 infections and reverse migration of people from cities to their villages has commenced.

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to undergo a technical correction next week as demand takes a hit based on supply and demand estimates.