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During the seminar, organised by the Egyptian Furniture Export Council, Fathy added that rules of origin have been finalised for more than 81% of the total commodity items.

The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange rose 74 ringgit, or 2.1%, to 3,618 ringgit ($895.32) a tonne during early trade.

IOI Corp Bhd posted a 66% increase in its net profit to RM355.7 million for the second quarter ended Dec 31, 2020 from RM213.5 million in the previous year’s corresponding quarter, benefiting from high crude palm oil (CPO) and palm kernel (PK) prices

The government should abolish all extra taxes on the struggling palm oil industry and focus on workers’ issues in the sector, an opposition MP said today.

Biodiesel and renewable diesel producers are becoming increasingly concerned about the quality of palm oil mill effluent (POME) feedstock from southeast Asia

A new agriculture tax introduced by the Indian government will remove the “undue advantage” enjoyed by palm oil in the local market, according to an industry group

New-crop prices got a boost from USDA’s Ag Outlook which basically showed corn/soy ending stocks would remain about the same as we have today – extremely tight.

Edible oil sector continues to rise. This is going to be the second straight year when the consumption numbers are going slightly on the weaker side. In 2018-2019 – the consumption in the Indian markets for edible oil was at 23 million tonne. In 2019-2020 it was at 21 million tonne

The Indian High Commissioner to Bangladesh, Vikram Kumar Doraiswami, said on Tuesday that Bangladesh can export edible oil to India at 20 per cent value addition to the product, as he urged the business communities of both the countries to convince the governments to upgrade goods transportation facilities.

Malaysian palm oil futures firmed for a second consecutive day on Monday, tracking higher rival oils after US soyabean supplies were projected to remain tight into 2022, but expectations of rising palm oil output limited gains

Mr. Solomon King, chief executive officer, Brass and Books Financial Services, intends to do with the recent launch of the digital platform, Oyel.ng, meant to restore the fortunes of palm oil as the new crude for Nigeria

New Zealand will use its platform as host of an Asia-Pacific trade group to seek a global approach to Covid-19 vaccinations that would remove tariffs on goods needed to fight the pandemic.