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UOP provided technology licensing, basic engineering, specialty equipment, catalysts and training for the project in Gela, which has a production capacity of 750,000 metric tons per year (m.t./yr) of HVO (Hydrotreated Vegetable Oil) biofuel.

Malaysian palm oil futures rose 1.2% on Monday, as it tracked gains in soyoil on the Chicago Board of Trade (CBOT) which reached multi-year highs on tightening supplies.

Palm oil may fall more to 3,859 ringgit per tonne, as it has broken a support at 3,945 ringgit.

The government will not accept any price hike, especially during Ramadan. Any company found to sell edible oil at higher than the rates fixed will have to face stern actions, said AHM Shafiquzzaman, additional commerce secretary.

Edible oil prices have risen for a third time in two months, making it even more difficult for low-income groups to afford the essential cooking ingredient amidst the ongoing coronavirus pandemic.

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.