Archived News

BUENOS AIRES, Feb 26 (Reuters) - Argentina's Ministry of Agriculture suspended on Wednesday the registration of agricultural exports until further notice, it said in a statement, a move that traders said likely foreshadowed a steep increase in grains export tariffs.

MANCHESTER (Feb 25): The application of blockchain technology in the palm oil industry would indicate the existence of a trusted solution in place to prove provenance, certify sustainability and encourage the industry positive growth, a consulting firm involved in blockchain said.

KUALA LUMPUR, Feb 25 — The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives plunged to below RM2,500 per tonne, its lowest since November 2019, dragged down by uncertain market sentiment.

JAKARTA, Feb 25 (Reuters) - Indonesia state energy company PT Pertamina asked parliament to cap prices for some crude palm oil (CPO), as the company develops refineries to make fuel from the vegetable oil.

KUALA LUMPUR: Boustead Plantations Bhd’s net loss widened more than twofold to RM144.01 million in the year ended December 31, 2019 (FY19), from a net loss of RM51.78 million recorded a year ago.

NEW DELHI (Feb 25): Indian refiners of edible oils urged the government on Tuesday to stop issuing import licenses for palmolein to help avoid a crash in domestic prices of rapeseed.

In a bid to revamp the palm oil sector, the National Palm Produce Association of Nigeria (NPPAN) has signed a Memorandum of Understanding (MoU) with the Nigerian Institute for Oil Palm Research (NIFOR) for the production of 20million oil palm seedlings to boost production of smallholder farmers.

India is expected to import around 100,000 tn of refined bleached and deodorised palmolein in March, market participants said. Imports of the commodity were largely negligible in February.

JAKARTA, Feb 25 (Reuters) - Indonesia consumed 706,176 kilolitres (kL) of unblended biodiesel in the month of January, data from Energy and Mineral Resources showed on Tuesday.

KOTA KINABALU (Feb 24): The Love MY Palm Oil campaign will be expanded to all airports nationwide, said Primary Industries Minister Teresa Kok Suh Sim.

KOTA MARUDU, Feb 24 — The government has approved an interest-free easy loan scheme of RM100,000 for Sustainable Oil Palm Growers Cooperatives (KPSM) to provide them with working capital to buy and sell fresh fruit bunches (FFB), said Primary Industries Minister Teresa Kok Suh Sim.

KOTA KINABALU: Despite rife speculation of changes in the federal government, it’s business as usual for Primary Industries Minister Teresa Kok as she attended two events in the state.