Archived News

The price of crude palm oil (CPO) in Jambi Province rose slightly by Rp64 per kilogram (kg) to Rp8,809 per kg during the August 21-27 period, from Rp8,745 per kg in the previous period

The Malaysian Palm Oil Board (MPOB) will formulate strategies to restore palm oil exports to Iran which has shown a decline currently following the Covid-19 pandemic.

Palm oil cultivation continues contributing to deforestation, creating enormous challenges for the companies that rely on the ingredient for consumer products.

Indonesia may further increase palm oil export levies in future to support its ambitious biodiesel programme as the price of crude oil is expected to remain weak next year, a senior Finance Ministry official said on Wednesday.

The Roundtable on Sustainable Palm Oil (RSPO) is piloting new rules of its Shared Responsibility (SR) concept that will boost agricultural transparency.

Telangana State is one the potential States for oil palm cultivation in the country.

Malaysian palm oil futures closed at their highest in more than a week on Wednesday, up for a third consecutive session tracking stronger rival edible oils, while investors traded cautiously ahead of the Aug. 1-20 export data.

Amidst weak futures and slack demand, most of the oils at the mandis in Indore were quoted lower with soya refined declining to ₹855-60 for 10 kg, while soya solvent ruled at ₹805-10.

Oil palm trees are going to be raised in 10,000 acres in Mancherial district in a phased manner and in 500 acres belonging to Chennur Assembly constituency on a pilot project basis this year.

PALM oil is widely used in food products due to its superior health benefits and versatility — from cooking oil to margarine, bakery fats, chocolates, confectioneries, ice cream, dairy substitutes and food supplements.

A prominent Sabahan businessman has called for the kind of political leadership that is reminiscent of former chief minister Harris Salleh, whom he regards as the overseer of the “golden era” of the state’s economic development.

Malaysia's palm oil producers are embarking on a rare recruitment drive to hire locals and accelerating industry mechanisation as they grapple with a severe shortage of foreign labour due to the coronavirus pandemic.