Archived News

Indonesia biodiesel production in the first nine months of the year stood at 6.47 million kilolitres, a senior industry official said on Tuesday.

The EU-27 plus the UK imported around 2.1 million tonnes of rapeseed in the first four months of the 2020/21 season. This was a 24% decline compared to the same period last year, but approximately 34% more than in 2018/19.

FORT COLLINS, Colo. (Reuters) - Many commodity traders take a breather during the U.S. Thanksgiving holidays to spend time with family and kick off the festive season. The holidays are already expected to look a lot different this year for most, a theme that is already true of recent trade in Chicago grain and oilseed markets.

Starting in December 2020, Cargill’s palm oil refinery in Charlotte, NC will be solely dedicated to providing palm oil certified by the Roundtable for Sustainable Palm Oil (RSPO), making Cargill one of North America’s first large-scale suppliers of segregated palm oil certified by RSPO. The expanded supply will allow Cargill’s customers to meet sustainability commitments and may give consumers more food options with sustainable palm oil.

PETALING JAYA: FGV Bhd stated that it takes the allegations laid out in the Associated Press (AP) article headlined “Rape, abuses in palm oil fields linked to top beauty brands” published on Nov 18 as a matter of serious concern.

KUALA LUMPUR, Nov 23 — The Malaysian Investment Development Authority (Mida) is encouraging the Malaysian palm oil industry to apply for the Industry4WRD Domestic Investment Strategic Fund (DISF).

KUALA LUMPUR, Nov 23 — Malaysian Palm Oil Council (MPOC) and Malaysian Palm Oil Association (MPOA) urged anyone who has evidence of criminal or wrongful activity regarding rape and abuses in oil palm plantations to lodge the relevant reports with the appropriate law enforcement agencies.

KUALA LUMPUR (Nov 23): Sime Darby Plantation Bhd (SDP) posted a net profit of RM190 million for the third quarter ended Sept 30, 2020 compared to a net loss of RM243 million a year earlier, driven by higher crude palm oil (CPO) and palm kernel (PK) prices realised.

KUALA LUMPUR, Nov 23 - Malaysian palm oil futures slipped to a near two-week low on Monday, hit by shrinking November exports and tracking losses in rival Dalian oils.

Edible oils are a product in which India needs self-reliance, which it can comfortably achieve, but official policy has a pro-business tilt. As edible oil prices rise in the country, it is critical to note that India depends on imports to meet up to 60% of its annual requirement. The latest government data says the annual consumption of edible oil is 25 million tonnes (MT), but of this only 10 MT is achieved from direct and indirect domestic production. And of the 15 MT which is imported, 9.5 MT is palm oil. The precise import dependence varies but estimates say India spends $10 billion in a typical year.

Dar es Salaam. Prices of imported cooking oil have been on the rise during the past two months, reaching as high as Sh66,000 per 20-litre container in some city locations as government promises to work on the issue.

Jakarta (ANTARA) - President Joko Widodo reiterated his commitment for a more sustainable and greener economy at the G20 Riyadh Leaders' Summit late on Sunday, Indonesia’s Foreign Minister Retno Marsudi stated at a post-meeting press briefing shortly thereafter.