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The PUNCH reported that officials from the Federal Ministry of Agriculture and Rural Development, states, agencies and non-governmental organisations revealed that Nigeria was spending about $500m annually on oil palm imports.

The associations laud the initiative by the government to utilise the additional cess of RM2 per tonne imposed on crude palm oil (CPO) and crude palm kernel oil (CPKO), derived from the new MPOB Cess Order (Amendment) 2021, to support mechanisation and automation for the oil palm industry

Pressure is mounting on US officials to provide evidence to support a ban slapped on one of the world’s largest producers of sustainable palm oil (SPO) after unsubstantiated forced-labor allegations.

Malaysia's palm oil sector stands to lose an estimated RM11.83 billion in revenue for each year that pandemic curbs restrict the supply of workers, an industry grouping said today.

Malaysian palm oil futures ended nearly 4% higher on Monday, tracking a sharp rise in rival soyoil, crude and world markets on passage of a large U.S. stimulus package, while investors also awaited the Malaysian Palm Oil Board data.

Oil palm plantation industry associations have appealed to the government on three issues: foreign workers, taxation and market access.

The proposal narrowly gained approval with 51.7 percent support in a nationwide referendum, AFP reported. Voters also backed a ban on full face coverings in public places, which would include Islamic full-face veils or burqa.

Crude palm oil (CPO) futures extended their gains today on the back of higher crude oil and soybean oil futures prices.

India, Bangladesh decide to move forward on feasibility study for comprehensive FTA

The research house keeps its CPO price assumption of RM2,700 per metric tonne (MT) for 2020 to 2022, with the anticipation that CPO price will likely soften from the second quarter of 2021 (2Q21) onwards due to better supply of major edible oils.

The Comprehensive Economic Partnership (CEPA) with India is crucial to Bangladesh retaining its trade benefits upon graduation from the least-developed country bracket, said Commerce Minister Tipu Munshi yesterday

One hundred and one (101) learners have graduated from the University College of Agriculture and Environmental Studies (UCAES) at Bunso in the Eastern Region, after a 10-week competency-based training in oil palm.