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CPO prices seen at RM4,400-RM4,600 on tighter supply
Malaysia’s total palm oil stocks rise 7.48% to 2.82 million tonnes in August — MPOB
Palm retreats from 21-month high on stock outlook, weak exports
Palm slips over 1% on weaker soyoil, bearish MPOB data
Cargill expands RSPO-certified palm oil supply chain to North America
Starting in December 2020, Cargill’s palm oil refinery in Charlotte, NC will be solely dedicated to providing palm oil certified by the Roundtable for Sustainable Palm Oil (RSPO), making Cargill one of North America’s first large-scale suppliers of segregated palm oil certified by RSPO. The expanded supply will allow Cargill’s customers to meet sustainability commitments and may give consumers more food options with sustainable palm oil.
FGV responds to Associated Press article
PETALING JAYA: FGV Bhd stated that it takes the allegations laid out in the Associated Press (AP) article headlined “Rape, abuses in palm oil fields linked to top beauty brands†published on Nov 18 as a matter of serious concern.
Mida encourages palm oil industry players to apply for Industry4WRD Domestic Investment Strategic Fund
KUALA LUMPUR, Nov 23 — The Malaysian Investment Development Authority (Mida) is encouraging the Malaysian palm oil industry to apply for the Industry4WRD Domestic Investment Strategic Fund (DISF).
MPOA, MPOC urge individuals with info on rape case in oil palm plantation to step forward
KUALA LUMPUR, Nov 23 — Malaysian Palm Oil Council (MPOC) and Malaysian Palm Oil Association (MPOA) urged anyone who has evidence of criminal or wrongful activity regarding rape and abuses in oil palm plantations to lodge the relevant reports with the appropriate law enforcement agencies.
Sime Darby Plantation 3Q net profit at RM190m as upstream segment lifts
KUALA LUMPUR (Nov 23): Sime Darby Plantation Bhd (SDP) posted a net profit of RM190 million for the third quarter ended Sept 30, 2020 compared to a net loss of RM243 million a year earlier, driven by higher crude palm oil (CPO) and palm kernel (PK) prices realised.
VEGOILS-Palm oil hits near two-week low on subdued partial Nov export data
KUALA LUMPUR, Nov 23 - Malaysian palm oil futures slipped to a near two-week low on Monday, hit by shrinking November exports and tracking losses in rival Dalian oils.
How India Distorts its Own Quest for Self-Reliance in Edible Oils
Edible oils are a product in which India needs self-reliance, which it can comfortably achieve, but official policy has a pro-business tilt. As edible oil prices rise in the country, it is critical to note that India depends on imports to meet up to 60% of its annual requirement. The latest government data says the annual consumption of edible oil is 25 million tonnes (MT), but of this only 10 MT is achieved from direct and indirect domestic production. And of the 15 MT which is imported, 9.5 MT is palm oil. The precise import dependence varies but estimates say India spends $10 billion in a typical year.
Tanzania government ‘aware’ of soaring cooking oil prices
Dar es Salaam. Prices of imported cooking oil have been on the rise during the past two months, reaching as high as Sh66,000 per 20-litre container in some city locations as government promises to work on the issue.
Indonesia reiterates commitment for greener economy at G20 Summit
Jakarta (ANTARA) - President Joko Widodo reiterated his commitment for a more sustainable and greener economy at the G20 Riyadh Leaders' Summit late on Sunday, Indonesia’s Foreign Minister Retno Marsudi stated at a post-meeting press briefing shortly thereafter.
