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MARKET DEVELOPMENT  
  12-03-2020

Angola spends US$30 million per month on palm oil imports

Angola spends US$30 per month importing 10,000 tonnes of palm oil, said on Monday in Ndalatando, Kwanza Norte province, the secretary of state for the economy, Mário Caetano João.

MARKET DEVELOPMENT  
  12-03-2020

Palm oil demand could pick up ahead of Ramadhan — Affin Hwang Capital Research

Demand for palm oil products could improve in March and April ahead of Ramadhan and a rapprochement between the new administration in Putrajaya and India.

MARKET DEVELOPMENT  
  12-03-2020

Indonesia can not accept discriminatory EU energy policies: Siregar

Deputy Foreign Minister MahendraSiregar stressed that Indonesia could not accept the European Union (EU) energy policy which blamed biofuel from palm oil as a cause of deforestation, describing it as discriminatory.

MARKET DEVELOPMENT  
  12-03-2020

Plunge in oil prices may lead to deferred chem purchases

The sharp drop in oil prices could lead to deferred chemical purchase, as buyers may wait for the decline to trickle downstream, US market participants said on Wednesday.

MARKET DEVELOPMENT  
  12-03-2020

Johor launches stimulus package aimed at helping Malay Felda landowners

The Johor state government has launched a stimulus package to help Felda (Federal Land Development Authority) landowners on Malay reserve land.

MARKET DEVELOPMENT  
  12-03-2020

Petrol and Diesel price cut by Rs 2 per litre, here's why fuel prices slashed for seventh consecutive day

What comes to a major relief to commuters in Delhi, oil companies have announced a Rs 2.69 and Rs 2.33 cut in petrol and diesel prices per litre.

MARKET DEVELOPMENT  
  11-03-2020

MPIC to explore new palm oil markets

The Ministry of Plantation Industries and Commodities (MPIC) will explore new palm oil markets to avoid over reliance on traditional markets such as India, China and European Union countries.

MARKET DEVELOPMENT  
  11-03-2020

UPDATE 1-Malaysia end-Feb palm oil stocks slump 4.2% as domestic demand rises

Malaysia's palm oil stocks at the end of February fell 4.2% from the previous month as increased domestic consumption exceeded an increase in output, according to data released by industry regulator the Malaysian Palm Oil Board (MPOB) on Tuesday.

MARKET DEVELOPMENT  
  11-03-2020

The Netherlands supports Indonesia in sustainable palm oil

The Netherlands supports Indonesia to produce sustainable palm oil as was manifested in a memorandum of understanding inked by the Dutch Government to apply a program to enhance knowledge and technology of Indonesia’s palm farmers.

MARKET DEVELOPMENT  
  11-03-2020

Scientists call for more sustainable palm oil practices

Researchers are currently working to find, develop and scale the production of possible synthetic replacements for palm oil, but the process could take years.

MARKET DEVELOPMENT  
  11-03-2020

Malaysia's palm oil stocks fall 4.2% in February

Malaysia's total palm oil stocks fell 4.2% to 1.68 million tonnes in February from 1.76 million tonnes in January.

MARKET DEVELOPMENT  
  11-03-2020

Crude oil’s crash jeopardises Asia’s cleaner fuel ambitions

Shockwaves from the oil price crash have hammered Asia’s biofuels industry, upending optimism over its future.