Archived News

India has cut import duty on crude palm oil (CPO) and refined, bleached and deodorised (RBD) palm oil, and also moved RBD oil from the “free” to the “restricted” list of imports.

SET-listed Energy Absolute (EA) plans to begin production of phase change materials (PCMs) from biofuels in the second quarter, aiming to secure roughly 800 million baht in revenue this year through this segment.

Intensive efforts by various parties to strengthen the country’s palm oil industry has borne fruit with the Malaysian Sustainable Palm Oil (MSPO) certification gaining important international recognition.

The farm ministry has sought an allocation of 100 bln rupees in the upcoming Union Budget for 2020-21 (Apr-Mar) to launch a National Mission on Edible Oils to attain self sufficiency in edible oils, a senior government official said.

Malaysian palm oil futures plunged 7% on Tuesday, their biggest intraday drop in more than seven years, on concerns that the spread of a coronavirus in China would cut demand of the vegetable oil in its second-largest importer.

To enable shipments of refined palm oil to come in from countries such as Nepal and Indonesia following the government’s decision to place the commodity in the restricted import list, the Centre is working on licensing norms for its imports.

India’s monthly palm oil imports from Malaysia could fall to the lowest level in nearly nine years in January as traders stopped buying the tropical oil from Kuala Lumpur following informal instructions from New Delhi, traders and refiners told Reuters.

With 80 per cent of palm oil used in food applications, the Malaysian Palm Oil Board (MPOB) says it is constantly focusing on providing evidence of the nutritional properties of the versatile oil, backed by credible scientific research carried out in collaboration with renowned research institutions as well as in-house.

The imports of edible oil including palm and soyabean into the country during first half of current financial year, reduced by 9.58% and 16.28% respectively as compared to the imports of the corresponding period of last year.

Sime Darby Plantation wants to enlist the public’s help in protecting the forests through the use of Crosscheck, an open-access online tool that allows anyone to trace its supply back to the mill level.

The Thai government aims to establish E20 'gasohol' as the main fuel for passenger vehicles in the second half of 2020, as it looks to reduce its dependence on imported fossil fuels.

Biofuels have been introduced in most of the advanced countries in the wake of oil crisis of 1973.