Archived News
16-12-2020
Russia to impose wheat export tax after Putin’s criticism of food price growth
Russia, one of the world’s largest wheat exporters, plans to impose an export tax on the product of 25 euros ($30.4) a tonne between Feb. 15 and June 30, economy minister Maxim Reshetnikov told a government meeting.
16-12-2020
Russia considering 15pc sunflower oil export tariff
Russia is also planning an export tax on wheat, as part of measures to stabilise rising domestic food prices.
15-12-2020
End the greenbashing of palm oil, critics told
PETALING JAYA: The Malaysian Palm Oil Association has lashed out at the continued “attacks†that the industry has received over the years.
15-12-2020
Stakeholders urged to step up engagement on palm oil sustainability efforts
KUALA LUMPUR (Dec 14): The Environmental Protection Society Malaysia has urged palm oil stakeholders to step up their engagement with environmental, cultural and social organisations, when dealing with external parties pertaining to the negative perception against palm oil.
15-12-2020
Palm oil’s stunning rally likely dampened demand from top buyer
(Dec 14): Palm oil imports by India, the world’s biggest buyer, probably slumped to a five-month low in November as rising prices curbed demand.
15-12-2020
Telangana government pushing to make state hub for 'palm oil'
KHAMMAM: Telangana is becoming a destination for oil palm farming. Currently, oil palm cultivation is being taken up in Khammam, Bhadradri Kothagudem, Nalgonda and Suryapet districts. While there is a demand for 4 lakh tonnes of crude palm oil every year, production is only 30,000 tonnes. The government is planning to bridge the gap by encouraging cultivation in 2 lakh acres.
15-12-2020
FGV gives commitment, takes action to repeal WRO, says Mustapa
KUALA LUMPUR (Dec 14): FGV Holdings Bhd has given its high commitment and taken appropriate action to get the Withhold Release Order (WRO) repealed since the petition was submitted concerning allegations of using forced labour in oil palm plantations, said Minister in the Prime Minister's Department (Economy) Datuk Seri Mustapa Mohamed
15-12-2020
SEA asks Govt to revert import duty on CPO to earlier level
In its pre-Budget memorandum, the Solvent Extractors’ Association (SEA) of India has asked the government to revert the import duty on crude palm oil (CPO) to the earlier level and also to place the import of refined soyabean and refined sunflower oil under restricted list.
15-12-2020
Government meets to discuss oil seed mission, may hike import duty on edible oil soon
The government has identified parts of land in North India, specifically Punjab and Haryana to grow domestic oilseeds.
15-12-2020
VEGOILS-Palm rises on lower production outlook, firmer soybean oil
KUALA LUMPUR, Dec 14 - Malaysian palm oil futures rose for a third straight session on Monday, boosted by higher prices of rival soybean oil and expectations of lower output.
15-12-2020
Column: Funds continue to trim CBOT longs, though the wheat bulls may be back
FORT COLLINS, Colo. (Reuters) - Speculators’ optimistic views of Chicago-traded corn and soybeans remain at historically high levels despite continued light selling last week, and although the wheat bulls had recently gone dormant, they have likely burst back onto the scene over Russian supply concerns.
15-12-2020
Palm oil rises for third day; Malaysian export tax eyed
The market expects output in December to remain squeezed as rainy weather brought on by La Nina is expected to persist until the first quarter of next year. KUALA LUMPUR: Malaysian palm oil futures gained for a third straight session on Monday, on higher prices of rival soybean and crude oil, with expectations of lower output aiding sentiment.