Archived News

KUALA LUMPUR: The easing of the Covid-19 lockdowns in most countries and resumption of economic activities will translate into more demand for palm oil, said Malaysian Palm Oil Board (MPOB) director-general Dr. Ahmad Parveez Ghulam Kadir.

Italy's palm oil imports fell on the year in September as works at hydrotreated vegetable oil (HVO) plants reduced demand.

KUALA LUMPUR: The Secretariat of the Council Palm Oil Producing Countries (CPOPC) has questioned selective reporting by Associated Press (AP), saying statements from a few unconfirmed interviews were selected as an intentional slur to harm the image of palm oil as a whole.

JAKARTA: Indonesia's palm oil exports are estimated at 36.1 million tonnes for this year, official data from the country's Estate Crop Fund showed on Tuesday.

KUALA LUMPUR: Malaysian palm oil futures fell on Tuesday for a third session in four, as cargo surveyor data showing lean November exports stoked demand concerns while losses in rival edible oils also weighed on the market.

Indonesia biodiesel production in the first nine months of the year stood at 6.47 million kilolitres, a senior industry official said on Tuesday.

The EU-27 plus the UK imported around 2.1 million tonnes of rapeseed in the first four months of the 2020/21 season. This was a 24% decline compared to the same period last year, but approximately 34% more than in 2018/19.

FORT COLLINS, Colo. (Reuters) - Many commodity traders take a breather during the U.S. Thanksgiving holidays to spend time with family and kick off the festive season. The holidays are already expected to look a lot different this year for most, a theme that is already true of recent trade in Chicago grain and oilseed markets.

Starting in December 2020, Cargill’s palm oil refinery in Charlotte, NC will be solely dedicated to providing palm oil certified by the Roundtable for Sustainable Palm Oil (RSPO), making Cargill one of North America’s first large-scale suppliers of segregated palm oil certified by RSPO. The expanded supply will allow Cargill’s customers to meet sustainability commitments and may give consumers more food options with sustainable palm oil.

PETALING JAYA: FGV Bhd stated that it takes the allegations laid out in the Associated Press (AP) article headlined “Rape, abuses in palm oil fields linked to top beauty brands” published on Nov 18 as a matter of serious concern.

KUALA LUMPUR, Nov 23 — The Malaysian Investment Development Authority (Mida) is encouraging the Malaysian palm oil industry to apply for the Industry4WRD Domestic Investment Strategic Fund (DISF).

KUALA LUMPUR, Nov 23 — Malaysian Palm Oil Council (MPOC) and Malaysian Palm Oil Association (MPOA) urged anyone who has evidence of criminal or wrongful activity regarding rape and abuses in oil palm plantations to lodge the relevant reports with the appropriate law enforcement agencies.