Archived News
25-09-2023
Planters’ Association says unproductive rubber lands can be utilized for palm cultivation to save forex
24/09/2023 (ADA Derna) - The Chairman of the Planters’ Association of Ceylon, Senaka Alawattegama says that the country should focus on profitable industries such as palm cultivation as a measure in the agriculture sector to retain the foreign currency outflow and earn more foreign income by catering to the international market.
25-09-2023
Olive oil, essential part of Greek cuisine, becoming luxury due to skyrocketing prices
25/09/2023 (The Nation), Athens- Olive oil, an essential part of the Greek culture and cuisine, is becoming a luxury good because of skyrocketing prices, the president of one of Greece’s major olive producers’ union said Saturday.
25-09-2023
Soyabean oil valuing $46.82m, palm oil worth $552.40m imported in 2 months
24/09/2023 (The Nation), Islamabad - Import of soyabean oil into the country during the first two months of the current financial year increased by 8.77 percent as compared to the imports of the corresponding period of last year.
22-09-2023
Palm oil hits three-month low on weaker soyoil, demand worry
21/09/2023 (The Edge Malaysia) - Palm oil fell to its lowest level in almost three months on concerns about poor demand and rising production, with losses in soybean oil putting further pressure on the tropical oil.
22-09-2023
Is the search for a real alternative to palm oil over?
21/09/2023 (Malay Mail), Glasgow - It’s the most widely consumed oil in the world. It shows up on the ingredients list of potato chips, pizza and soap. But it’s also associated with ecological degradation as it’s a major driver of deforestation. This has motivated researchers to investigate the manufacture of palm oil with the aim of finding a more ethically acceptable alternative. And a team in Scotland may have finally succeeded.
22-09-2023
Indonesia to Accelerate Smallholders` Palm Oil Replanting Program
20/09/2023 (Tempo.Co) - Plantation DG at the Ministry of Agriculture Andi Nur Alamsyah stated that the national palm oil productivity only reached 3 to 4 million tonnes per hectare. Thus, the government intends to push for the smallholders' palm oil replanting program (PSR).
22-09-2023
VEGOILS-Palm falls to one-week low as weaker rivals outweigh export data
21/09/2023 (Nasdaq), Singapore - Malaysian palm oil futures fell to their lowest in over a week on Thursday, tracking weakness in rival oils which offset support from improving exports.
22-09-2023
Used cooking oil being developed as aviation fuel: Ministry
21/09/2023 (Antara News), Jakarta - The Indonesian Industry Ministry stated that the potential of used cooking oil, currently being developed globally, could be tapped to serve as sustainable aviation fuel (SAF).
21-09-2023
Warisan: 7.5% palm oil sales tax a burden on smallholders
20/09/2023 (The Star Online), Kota Kinabalu - The sales tax of 7.5% on palm oil should be reduced as it is a burden on smallholders in Sabah, especially at a time when they are unable to maximise profits, says Parti Warisan deputy president Datuk Darell Leiking.
21-09-2023
Palm oil closes at one-week low on weaker rival oils
20/09/2023 (Business Recorder), Singapore - Malaysian palm oil futures fell on Wednesday to their lowest closing in one week, weighed by weaker rival edible oils, although losses were capped by better exports.
21-09-2023
Uganda is looking to revamp its edible oil business following a massive decline
20/09/2023 (Business Insider Africa) - In an effort to boost its dwindling exports of edible oil, Uganda has started the reconstruction of important routes of entry to oilseed projects in 81 areas.
21-09-2023
Status quo for plantation windfall tax seen, but ‘could be tweaked higher’ — MIDF Research
19/09/2023 (The Edge Malaysia), Kuala Lumpur - Planters are expected to enjoy lower production costs and improved crude palm oil prices in 2024, said MIDF Research, on the back of easing fertiliser prices and lower production seen due to El Nino.