Archived News

KUALA Lumpur Kepong Bhd (KLK) is expected to chart a higher profit in its first quarter of financial year 2021 ended Dec 31, 2020 (1QFY21), driven by contracted supplies which had triggered the crude palm oil (CPO) prices, said analysts at Bloomberg Intelligence.

KUALA LUMPUR: Sime Darby Plantation Bhd is offering various positions and job opportunities across its upstream and downstream operations for unemployed locals who are seeking to improve their current situation, or build a new life for their families in nurturing communities.

The Philippine Coconut Authority (PCA) is calling on the National Biofuels Board (NBB) to raise the Coco Methyl Ester (CME) content of biodiesel sold in the domestic market to 5%. The present blend of biodiesel currently in the country consists of 2% CME and 98% regular diesel.

PARIS: European Union soybean imports in the 2020/21 season that started last July had reached 9.17 million tonnes by Feb. 14, data published by the European Commission showed on Monday.

As the world’s largest producer and consumer of palm oil, the palm oil industry has become an important part of Indonesia’s economy.

CAIRO - Egypt's state grains buyer, the General Authority for Supply Commodities (GASC,) said on Monday it was seeking vegetable oils in an international purchasing tender for arrival April 1-15.

NEW DELHI (Feb 13): India imported more than 500,000 tonnes of palm oil from Malaysia in January out of its overall edible oil imports of about 1.07 million tonnes.

India’s crude palm oil imports in January jumped 44.99 per cent y-o-y to 7.67 lakh tonnes, the Solvent Extractors’ Association of India (SEA) said.

MUMBAI, Feb 12 (Reuters) - India's palm oil imports jumped 31% in January from a year earlier as lower import taxes prompted refiners to increase purchases of the tropical oil, while soyoil and sunflower oil imports fell, a trade body said on Thursday.

MUMBAI: India’s palm oil imports jumped 31% in January from a year earlier as lower import taxes prompted refiners to increase purchases of the tropical oil, while soyaoil and sunflower oil imports fell, a trade body said on Thursday.

JAKARTA, Indonesia — Malaysia and Indonesia on Friday agreed to coordinate and strengthen their campaign against they say is international discrimination against palm oil, the countries’ main commodity.

India’s palm oil imports from Malaysia may take a hit in the current month, considering the duty structure changes announced by the government in its annual budget presented on Feb. 1. India had slashed the basic import duty on crude palm oil (CPO) to 15% from 27.5%.