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KUALA LUMPUR, May 1 — About 30.4 per cent of the Malaysian palm oil technologies has so far been commercialised with a market value of RM3 billion, benefiting the industry in all sectors.

Sri Lanka’s oil palm cultivators can provide tangible support to the Government’s efforts to promote local agriculture and import substitution as a response to the impact of the COVID-19 pandemic on the national economy, the sector’s apex industry association has said.

The recent increase of the import taxes of Palm Oil which is essential fat required by the confectioners and bakers of Sri-Lanka is going to cause significant stress and impose additional burdens to both the manufactures and the consumers of these products.

ISLAMABAD - Imports of edible oil including soybean and palm into the country during first three quarters of current financial year decreased by 33.90 percent and 0.42 percent respectively as compared to the imports of corresponding period of last year. During the period from July-March 2019-20, about 65,649 metric tons of soybean oil valuing $45.282 million was imported to fulfill the domestic requirements as against 95,112 metric tons worth $86.56 million of same period last year. According the data released by Pakistan Bureau of Statistics, import of palm oil into the country during the period under review was recorded at 2,276,994 metric tons costing $1.380 billion as against the import of 3,218,489 metric tons worth $1.386 billion of same period of last year. Meanwhile, imports of soybean oil into the country on month on month basis also reduced by 97.01 percent in March 2020 as compared to the same month of last year. However, the imports of palm oil increased by 30.94 percent in March 2020 as compared to the same month of last year. It may be recalled here that food imports into the country during first three quarters of current financial year decreased by 7.00 percent as different food commodities worth $3.963 billion imported as against the imports of $4.261 billion of corresponding period of last year.

Jakarta, CNBC Indonesia - Harga minyak sawit mentah (crude palm oil/CPO) selama sepekan ini menguat tipis. Hal itu menyusul laporan bahwa minyak virgin red palm oil efektif untuk membantu memperkuat daya tahan tubuh melawan virus corona baru penyebab Covid-19.

Bisnis.com, PEKANBARU—Harga tandan buah segar (TBS) dan minyak kelapa sawit (crude palm oil/CPO) yang terbilang baik saat ini menjadi imunitas bagi perekonomian petani sawit di Riau kala ekonomi diterpa dampak negatif wabah corona (Covid-19).

Việt Nam is ready to share information and experience with Estonia, and work with the country to promote international co-operation in driving back the epidemic and dealing with global challenges

ICE Canadian canola futures rose on Tuesday even as soyabean prices fell.

The impact of the COVID-19 pandemic on the economy of Sri Lanka like anywhere else in the world will be complex to predict in terms of magnitude, but directions are predictable. Being a trade dependent island nation, Sri Lanka will likely suffer from the expected recession in addition to the disruptions in global and domestic supply chains

After intense parley through several ministerial and secretarial meetings over past seven years, India refused to join RCEP in November 2019. It alleged that several significant issues, which it proposed, were not addressed. Vehement protests were made by farmers, manufacturers and industries against joining the trade block

Mumbai, Apr 29 (PTI) OILS (per 10 Kgs) G.Nut Raw 1340.00 Kardi Expeller

Malaysian palm oil futures rose on Wednesday, tracking stronger crude and soybean oil prices and supported by bargain-hunting, although concerns over weakening global demand due to coronavirus-driven lockdowns capped the gains