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Europeans are increasingly eating less and less palm oil and instead are inadvertently burning more and more in cars and trucks. Last year 65% of all the palm oil imported into the EU was used for energy. 53% of all palm imports was used to make biodiesel for cars and trucks – an all-time high – and 12% to generate electricity and heating – another record. Palm oil used for biodiesel grew again in 2018 – by 3% – while the use of palm oil to make food and animal feed dropped significantly, by 11%.

An ecological oil palm cultivation programme is being developed in West Africa. The project, led by the NGO Solidaridad Liberia and the Dutch Embassy in Monrovia, aims to promote sustainable intensification and climate-friendly oil palm chain production.

Maintain hold with an unchanged target price of RM4.42: IOI Corp Bhd has been actively looking for plantation estates for acquisition, after selling its 70% equity interest in Loders Croklaan Group BV to Koninklijke Bunge BV (KBBV).

PUTRAJAYA: The government will introduce an estate farming model to increase income of smallholders in rural areas, said Prime Minister Tun Dr Mahathir Mohamad.

Palm oil futures slid on Tuesday, logging a fourth consecutive session of declines, as lacklustre export data and softer soyoil prices kept a lid on sentiment.

An oil palm company here is developing several machines that are capable to overcome the shortage of manpower in the industry.

Palm oil may fall to RM1,929 as it has broken a support at RM1,971 per tonne.

Malaysian palm oil futures ticked higher on Thursday with prices supported by bargain-buying after slowing demand dragged the market down in the last five sessions to a seven-month low.

The United States and China have agreed to a tentative truce in their trade dispute ahead of a meeting between leaders of the two nations at the G20 summit this weekend, the South China Morning Post reported on Thursday, citing sources.

Malaysian palm oil futures traded largely unchanged on Thursday, after declining for the last five sessions to a seven-month low, as slowing demand drags down prices.

President Donald Trump said on Wednesday that a trade deal with Chinese President Xi Jinping was possible this weekend but he is prepared to impose U.S. tariffs on virtually all remaining Chinese imports if the two countries continue to disagree.

Malaysian palm oil futures slid on Tuesday, logging a fourth consecutive session of declines, as lacklustre export data and softer soyoil prices kept a lid on sentiment.