Archived News

Soaring global demand for soybeans forced U.S. animal feed makers to hoard supplies this fall due to the fierce competition for their main ingredient, with some even turning to floating storage on river barges to thwart sales to exporters.

New Delhi — Argentinian soybeans crushing industry, one of the world's biggest, has been struggling with tight profit margins and logistical issues, which have negatively impacted the industry, Bruno Ferrari and Tomás Rodríguez Zurro, economists at the Rosario Stock Exchange, or BCR, told S&P Global Platts.

MOSCOW: Russia's government will impose an export duty of 30pc on some types of sunflower produce, the Interfax news agency cited First Deputy Prime Minister Andrey Belousov as saying on Wednesday.

Asian Development Bank (ADB) a multilateral lending agency on Monday said it has approved a $2.5 million (about Rs 18 crore) technical assistance to support advanced biofuel development in India. It is a part of Asia Clean Energy Fund, financed by the Government of Japan under the Clean Energy Financing Partnership Facility, and the Republic of Korea’s e-Asia and Knowledge Partnership Fund.

Indonesia is on its way to turning to clean and green energy through massive low-carbon development in response to the global threat of climate change, with state-owned oil and gas giant Pertamina taking an active part in the direction.

PETALING JAYA: The value of export duty exemption that has been successfully utilised by the national oil palm industry amounted to RM325.2mil as at Nov 27,2020, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.

Emirates has welcomed the first of three new A380s to join its fleet that was powered by a blend of jet fuel and sustainable aviation fuel.

KUALA LUMPUR: What’s in a name? Well, plenty, apparently, says an academician. For one thing, rebranding harvesters and general workers in the oil palm plantation as “production operators” and “maintenance operators”, respectively, could help to woo more local youths to work in the plantation sector.

MALAYSIA'S state-owned Federal Land Development Authority (Felda) on Tuesday said it agreed on a deal that will see it increase its stake in palm giant FGV Holdings, with the view to taking full control of the world's largest crude palm oil producer.

LOCAL plantation companies are expected to sustain their earnings momentum in the fourth quarter of 2020 (4Q20) on stronger crude palm oil (CPO) prices and lower inventories.

KUALA LUMPUR: Malaysian palm oil futures reversed early gains and fell for a second straight session on Tuesday dragged by lower rival oils, but estimates of declining production in the coming months underpinned the market. The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange settled down 0.77% to 3,366 ringgit ($827.03) a tonne.

JAKARTA: Indonesia is still in line to export 36 million tonnes of palm oil next despite a recent tariff hike on exports, an official told a virtual press conference on Tuesday.