Archived News
15-01-2021
Indonesia's Pertamina conducts trials on 100 per cent palm oil biodiesel and jet fuel
JAKARTA: Indonesia's state energy company PT Pertamina said on Friday it had started trials on diesel made entirely out of palm oil at its Cilacap refinery on Java island after conducting trials on jet fuel late last year.
15-01-2021
Malaysia’s economy has the resilience to bounce back strongly
Malaysia’s economy will remain resilient despite the re-imposition of the Movement Control Order (MCO) in six states and the nationwide state of emergency, thanks to labour productivity which drives economic growth.
15-01-2021
Planters say anti-palm oil campaigns hinder sustainability shift
Top palm oil producers said on Thursday that the industry is making strides towards transparency and sustainability across its supply chain despite campaigns against use of the oil. Video:
15-01-2021
Govt urged to stabilise ghee, vegetable oil prices
As vegetable oil and ghee rates remain volatile, mainly moving upwards, the stakeholders in the sector have demanded that the government revise duty structures to help maintain prices in the local market.
14-01-2021
Malaysian palm oil at two-week low
Malaysian palm oil futures reversed early gains on Wednesday, ending at a two-week low on concerns over weak demand as Malaysia kept its February export tax rate at 8%, but losses were limited by higher soyaoil prices.
14-01-2021
EIU report: Vietnam rises as an alternative to China, beating India
Vietnam’s incentives for international firms for setting up units to manufacture hi-tech products, pool of low-cost workers and proliferation of free trade agreements (the latest one is with the EU) place it at an enviable position among Asian peers, the report suggests
14-01-2021
Palm gains 1% as US cuts soybean supply forecast
Malaysian palm oil futures climbed 1% on Wednesday, recovering from two straight sessions of falls, as rival soyoil prices jumped after a widely watched US report cut its forecast for soybean supplies.
14-01-2021
Govt urged to stabilise ghee, vegetable oil prices
As vegetable oil and ghee rates remain volatile, mainly moving upwards, the stakeholders in the sector have demanded that the government revise duty structures to help maintain prices in the local market.
14-01-2021
Edible oil prices likely to increase amid supply constraints
According to Pakistan Vanaspati Manufacturers Association (PVMA), a sharp increase in the demand of Malaysian and Singaporean palm oil has caused a jump in international prices of the commodity, which would ultimately impact Pakistan, as the country meets 90pc of its edible oil requirements through imports.
14-01-2021
UPDATE 1-China to import more Indonesian products to balanced trade
China would import more Indonesian products and increase investment in Southeast Asia’s largest economy, a top Chinese diplomat said on Wednesday, as Jakarta urged Beijing to remove barriers to make trade between the two countries more balanced.
14-01-2021
Indonesian archdiocese's MoU with palm oil firm sparks outrage
Merauke Archdiocese in Indonesia's Papua province is set to receive billions of rupiah through a collaboration with an environmentally controversial palm oil company, sparking strong protests from local Catholics
14-01-2021
Palm oil may test resistance at 3,757 ringgit
Palm oil may test a resistance at 3,757 ringgit per tonne, a break above which could lead to a gain to 3,835 ringgit.