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KUALA LUMPUR (BERNAMA) – The Malaysian Palm Oil Board (MPOB) has developed three advanced palm-based technologies for commercialisation, approved by the Minister of Plantation Industries and Commodities (MPIC).

Cambodia has asked Indonesia to share experience on vegetable oil development as the first meeting on vegetable oil between the European Union and Asean is set to be held late in January this year.

The price of soya bean oil skyrocketed to Tk 140 a litre on the kitchen market in the capital, Dhaka, on Sunday. Although the prices of edible oil have started decreasing on the wholesale market for the last couple of days, the retail prices have continued rising.

Vegetable oil imports for India bounced 9% in November-December 2020 to 24.59 lakh tons because of advance purchase by the industry to beat the looming trade demands by Malaysia, as per industry information. Solvent Extractors' Association of India (SEA) said in an assertion, "Vegetable oil imports during the period of November-December 2020 accounted for 24,59,484 tons contrasted to 22,55,501 tons during theidentical period in 2019,"

(Jan 15): Palm oil prices are set to have their best annual showing in a decade even as the coronavirus pandemic rages on.

Palm oil futures are headed for their steepest weekly drop in 11 months on concerns that demand from key buyers will dissipate as Malaysia reported a slump in export data

A 10 per cent duty reduction on the import of crude palm oil (CPO) on November 27 seems to have helped boost CPO import during December, according to the Solvent Extractors’ Association of India.

JAKARTA: Indonesia's state energy company PT Pertamina said on Friday it had started trials on diesel made entirely out of palm oil at its Cilacap refinery on Java island after conducting trials on jet fuel late last year.

Malaysia’s economy will remain resilient despite the re-imposition of the Movement Control Order (MCO) in six states and the nationwide state of emergency, thanks to labour productivity which drives economic growth.

Top palm oil producers said on Thursday that the industry is making strides towards transparency and sustainability across its supply chain despite campaigns against use of the oil. Video:

As vegetable oil and ghee rates remain volatile, mainly moving upwards, the stakeholders in the sector have demanded that the government revise duty structures to help maintain prices in the local market.

Malaysian palm oil futures reversed early gains on Wednesday, ending at a two-week low on concerns over weak demand as Malaysia kept its February export tax rate at 8%, but losses were limited by higher soyaoil prices.