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The increasing world population and demand opens up vast potential for palm oil suppliers to explore new markets, but some areas need to be improved to smoothen the whole supply chain and better facilitate purchases by countries or companies.

PETALING JAYA: Central Asia and sub-Saharan Africa represent key growth areas for the expansion of palm oil businesses, as both offer unique opportunities for local players and investors, say palm oil experts.

Palm oil is mainly used as cooking oil in developing countries and as an ingredient in food products, detergents, cosmetics, and biofuels. Palm oil production has long been associated with deforestation in the most biodiverse places on earth. Governments, organizations, and charities have embarked on campaigns to promote alternatives to palm oil, in addition to regulatory enforcement and certifications to ensure a long-term sustainable production of palm oil and ecological protection.

Dallas/Fort Worth International Airport’s environmental efforts include becoming a carbon neutral airport by 2030 and now turning used cooking oil from its F&B outlets into sustainable aviation fuel (SAF).

PETALING JAYA: Restrictions on the workforce brought about by the Covid-19 pandemic have accelerated the need for the palm oil industry to adopt new technologies and achieve greater efficiency, industry experts said.

KUALA LUMPUR (Dec 15): The oil palm industry, especially the half million smallholders, need to do more for their oil palm cultivation business despite working with lower plantation acreage to earn a better living, and this can be done through mechanisation and adoption of technology, according to a plantation industry think tank.

NEW DELHI, Dec 15 — India imported 333,383 tonnes of crude palm oil (CPO) from Malaysia in November, representing about 56 per cent of its total CPO imports, according to latest industry data.

FGV Transport Services Sdn Bhd (FGV Transport), a subsidiary of FGV Holdings Berhad (FGV) has received halal logistics certification from the Department of Islamic Development Malaysia (JAKIM) for 76 tanker trucks operating at its Pasir Gudang depot in Johor. The halal logistics certification falls under the category of Halal Supply Chain Management System for transportation.

KUALA LUMPUR, Dec 15 - Malaysian palm oil futures eased on Tuesday as rival soybean oil and crude declined, although expectations of better exports during the first half of December put a floor under prices.

CRUDE palm oil (CPO) prices have been rising this year to attain an eight-year high despite the Covid-19 pandemic, suggesting brighter prospects for the plantation sector.

China’s General Administration of Customs reported at its monthly briefing on Nov. 30 that it has now completed the requisite plant and animal quarantine protocols for agricultural produce under the phase 1 trade agreement between China and the U.S. At the briefing, Zhao Zenglian, head of the GAC’s Department of Animal and Plant Quarantine, announced that all 37 relevant tasks had been completed on time and to a high standard.

India's palm oil imports fell 8% on year in November to their lowest in five months, as a rally in the price of the tropical oil made soyoil more attractive for refiners, a leading trade body said on Tuesday.