Archived News

Global food corporation Cargill is significantly expanding its segregated palm oil capacity in order to help its customers meet their sustainability commitments, the company says. Previously, Cargill offered its North American customers mass-balanced sustainable palm oil, but its new offering in North America meets stricter certification standards for Roundtable for Sustainable Palm Oil (RSPO).

KUCHING: The Sarawak Oil Palm Plantation Owners Association (Soppoa) has called upon the state and federal governments to allow for a consignment of relief foreign workers to enter the state.

Retno Marsudi, the Indonesian Foreign Minister, has highlighted the issue of product discrimination against Indonesian palm oil by the European Union.

KUALA LUMPUR (Nov 20): The Malaysian Palm Oil Association (MPOA) today slammed a recent news report by the Associated Press (AP), which detailed instances of sexual abuse and exploitations of female plantation workers at palm oil estates in both Malaysia and Indonesia, saying it was exaggerated and the stuff of anti-palm oil propaganda.

New Delhi: Edible oil prices such as groundnut, soybean, sunflower and palm oil have risen by 20-30% over the last one year in India, due to recovery in demand in the country and labour shortage in producing countries due to the coronavirus pandemic, said reports.

Overseas investors will soon have access to trade in palm oil futures contracts in China, according to the China Securities Regulatory Commission (CSRC).

KARACHI: The government is planning to launch 5G technology in the country by December 2022. This was stated by Amin-ul-Haq, Federal Minister for IT and Telecom while talking to the Daily Business Recorder after the conclusion of 2nd PMFA Appreciation Awards Ceremony organized by Pakistan Malaysia Friendship Association (PMFA) held at a local hotel the other day. He said the government was striving to launch 5G technology in the country by December 2022, adding that the ministry was also working on other digital payment solutions after the refusal of Paypal to come into Pakistan.

Brazil’s National Energy Policy Council said Nov. 18 that imported raw materials can be used in the production of biodiesel.

SYDNEY, Nov 23 (Reuters) - U.S. soybeans rose more than 1% on Monday to hit their highest since mid-2016 as dry weather in key South American crop areas stoked concerns about global production.

Stakeholders in the agricultural sector have said that Nigeria is currently spending about $500 million importing oil palm annually.

Rising edible oil prices has become a cause of concern for the government. The average prices of all edible oils - groundnut, mustard, vanaspati, soybean, sunflower and palm - have increased, with the spike in the case of palm, soybean and sunflower oils by up to 20-30% in the last one year.

U.S. oil prices slipped on Friday, dropping for a second day as concerns mounted about the hit to demand from the surge in COVID-19 infections forcing new lockdowns, but prices were supported by signs of movement on a stimulus deal in Washington