Archived News

The Solvent Extractors’ Association (SEA) of India has urged the Centre to include proper proviso in ASEAN agreement to restrict/regulate the imposition of export duty by the palm oil exporting country. SEA feels that this will ensure a level-playing field for both the countries that export and import palm oil.

An Indonesian government program to phase out diesel for an alternative made from palm oil could spur massive deforestation for palm plantations spanning an area a fifth the size of Borneo

The Sabah government is looking into the formation of a state palm oil board, considering the sector’s role in driving economic activities in the state.

Palm oil may retest a resistance at 3,474 ringgit per tonne, a break above which could lead to a gain into the 3,504-3,552 ringgit range.

Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market

Malaysia’s economic recovery is measured through the encouraging indicators from the retail, tourism and commodity industries, says Deputy Minister in the Prime Minister’s Department (Economy) Arthur Joseph Kurup.

OILSEEDS PRICES:- OILS (per 10 Kgs)- G.Nut Raw 1400.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. 1230.00 Sunflower Exp.Ref. 1265.00 Cottonseed(Refined) 1075.00 Refined Palm Oil 1006.00

The constant increase in global prices of palm oil and higher duties and taxes structure on import of edible oil may result in higher prices of banaspati ghee and cooking oil in the coming months.

A senior UK government source said: "Teams have been negotiating throughout the day and expect to continue tomorrow. Talks remain difficult and significant differences remain.

Thai exports are expected to receive a windfall thanks to the signing by 15 Asia-Pacific economies of a huge trade pact during the Asean Summit in Hanoi in mid-November, says the Fiscal Policy Office (FPO).

ORIHUELA town hall has launched oil produced from the olive trees that grow in the town’s palm forest

Russia will impose tariffs on the export of soybeans and scrap metal to ensure domestic firms have sufficient raw materials, the Economy Ministry said on Saturday.