Archived News

Plans afoot to grow the plantation crop on 8 lakh acres Telangana has decided to give a big push to the palm oil sector by announcing a ₹4,800-crore project to promote the edible oil plantation in the State.

ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Hafeez Shaikh on Monday asked the authorities to take necessary measures to control rising prices of poultry products and edible oil.

The Asian Development Bank has approved a $2.5 million technical assistance (TA) to support advanced biofuel development in India. The grant is funded from the 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.

BLOOMINGTON, Ill. — Drafting policy and voting from a distance, Illinois Farm Bureau delegates approved policies that could move the organization to take a closer look at boosting the use of biodiesel in the state, livestock pricing transparency, and protecting small business from potential liability due to COVID-19.

HAMBURG: Iranian state agency the Government Trading Corporation (GTC) has issued a new international tender to purchase about 30,000 tonnes of sunflower oil, European traders said on Tuesday.

KUALA LUMPUR: Malaysian palm oil futures fell for a third straight session on Wednesday as rival Dalian oils declined, although concerns over declining output kept a floor under prices. The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange slid 15 ringgit, or 0.45%, to 3,351 ringgit a tonne in early trade.

KUALA LUMPUR (Dec 7): The Indonesian government’s decision to revise its export levy structure will hurt upstream palm oil producers in the country, but will be a positive move for Indonesian downstream players and Malaysian planters, opined CGS-CIMB Research.

The steady increase in palm oil production will inevitably increase palm oil mill effluent (POME) as an inevitable by-product that causes serious environmental damage if discharged directly into the environment. This is mainly due to its high concentration of Chemical Oxygen Demand (COD), which has a high organic compound content.

REA Holdings shares fell after the company said gains from the rising price of palm oil would be limited by charges imposed by the Indonesian government.

KUALA LUMPUR, Dec 7 - Malaysian palm oil futures rose on Monday, underpinned by forecasts for a lower November palm stockpile, although gains were capped by weaker soyoil prices.

SINGAPORE: Palm oil may rise into a range of 3,474-3,504 ringgit per tonne, as it has cleared a resistance at 3,426 ringgit.

KUALA LUMPUR: Malaysian palm oil futures fell 1pc on Monday, retreating from an 8-1/2-year high hit earlier in the session, on profit-taking and weaker CBOT soybean oil, although forecasts for lower November production limited losses.