Archived News

Chocolate maker Mars needs to help more palm oil producers become sustainable rather than ditching those that do not meet its standards, environmentalists said, after the confectionery giant announced it had secured “deforestation-free” supplies

Crude palm oil (CPO) prices have been on a decline in the spot market for the past 15 days. According to MCX data, the price of CPO, which was at ₹811.30 for a 10-kg unit in the spot market on September 21, came down to ₹777.90 on October 1, and traded at ₹773.30 on October 7.

Argentinian soybean crushing industry has been operating well below its potential due to the currency crisis, Thomas Mielke, executive director of Hamburg-based forecaster Oil World, said at the Globoil India webinar Oct. 8.

Vijayawada: With high returns and growing demand for the palm oil in the domestic and international market, oil palm cultivated area doubled in coastal districts of Andhra Pradesh during the last 10 years.

India also feels the flexibility shown by it in further opening up to foreign investments in dozens of sectors in recent years should be considered positively by the EU

Malaysian palm oil futures firmed on Wednesday on lower production outlook amid wet weather and tightening coronavirus restrictions, but weaker crude and soyoil capped gains

Malaysia’s freeze on cross-border hiring in response to Covid-19 has left oil palm estates grappling with a lack of hands during their peak harvesting season, and at a potential turning point in the industry’s labour dynamics.

The target price for crude palm oil (CPO) has been revised upward to RM2,500 per tonne for this year and RM2,600 per tonne for next year, according to Kenanga Investment Bank Research, an increase of RM200 in both cases.

To expand the project into North Sumatra and Papua, the government is seeking out private investors, but activists say this risks a repeat of the current corporate takeover of Indigenous and community lands

CPO price is anticipated to average at RM2,520 per tonne or higher for the remainder of 2020 and drop to RM2,352 per tonne in 2021

Supermarkets, food manufacturers and restaurant chains under pressure from campaigners over their environmental impact urged Britain on Monday to strengthen a plan to stop tropical forests from being cut down to grow cocoa, palm oil and soy.

A new export tax regime in Argentina leaves a higher levy on soybeans than processed soy oil and soy meal, prompting claims that the country is subsidising the oilseed crushing industry.