Archived News

BANGKOK: The Roundtable on Sustainable Palm Oil (RSPO) concluded its 17th Annual Roundtable Conference on Sustainable Palm Oil (RT17) and 16th Annual General Assembly (GA16), where members made a bold commitment to supporting greater inclusion of smallholders into the sustainable palm oil supply chain, through the adoption of the RSPO Independent Smallholder (ISH) Standard.

HARBIN, Nov. 7 (Xinhua) -- Chinese researchers have set a new record in soybean yield, according to the Jiamusi Branch of the Heilongjiang Academy of Agricultural Sciences.

SYDNEY, Nov 8 (Reuters) - U.S. soybeans edged lower on Friday, with the oilseed poised to drop this week, on concerns that China and the United States have not been able to seal an agreement to end their trade dispute.

There are several factors that should be lifting canola prices but values so far are stubbornly flat.

KUALA LUMPUR, Nov 6 — The Malaysian Palm Oil Council (MPOC) will go to the ground to promote palm oil and its benefits through outreach programmes involving school children, possibly, including it as a co-curriculum programme.

Earlier this month, France’s constitutional court upheld a law cutting palm oil from the country’s list of approved biofuels and eliminating associated tax exemptions. The court rejected an appeal by French energy company Total, which had invested 300 million euros to convert a crude oil refinery into a biofuel plant that would use palm oil feedstock.

Indonesia's freeze on palm oil plantation permits lacks transparency, making it difficult to assess its effectiveness, and the government should provide updated information, an industry watchdog official told Reuters.

PLANTATION counters are likely to record a weaker year-on-year (YoY) financial performance in the third quarter of 2019 (3Q19) due to price volatility of crude palm oil (CPO) and palm products.

Of the 96 corporates currently reporting that they produce, source or use products that contain palm oil from Indonesia to CDP, just one-fifth are set to meet their 2020 deforestation targets surrounding the commodity.

Malaysian palm oil futures reversed course to edge higher on Wednesday as data showed lower production figures, implying tighter supplies.

The European Union is facing another period of tight rapeseed supply through the second half of its marketing year after drought left its crop at its lowest level in 13 years, while exports from Ukraine are showing signs of drying up.

BANGKOK: The current world’s population of 7.74 billion, which is set to hit almost 10 billion by 2050, is a boon for the vegetable oil market, especially for the highly productive palm oil as it can yield more oil from less land than its competitor.