Latest News

MARKET DEVELOPMENT
22-08-2023

China to Import More Indonesian Palm Oil in 2024: Gapki

21/08/2023 (Jakarta Globe), Jakarta - China will likely purchase 8 million tons of Indonesian palm oil in 2024 after imports suffered a decline amid the Covid-19 pandemic, according to an association of the commodity’s producers.

MARKET DEVELOPMENT
22-08-2023

RSPO trains 500 Edo farmers, others on sustainable palm oil production

21/08/2023 (Business Day Nigeria) - The Roundtable on Sustainable Palm Oil (RSPO) has trained no fewer than 500 farmers, government officials, media practitioners, civil society organisations, non- governmental organisations in Edo State on sustainable palm oil production.

MARKET DEVELOPMENT
22-08-2023

Nigeria Spends N430bn Annually To Import Palm Oil – Onyiuke

21/08/2023 (Daily Trust) - In this interview, the president of the Oil Palm Growers Association of Nigeria (OPGAN), Mr Joe Onyiuke, who is a lawyer and entrepreneur, speaks on how the federal government can attain mass employment, food security and stop the $500m (N430 billion at N860/$) spent annually to import palm oil into the country.

MARKET DEVELOPMENT
21-08-2023

Study on orang utan population

20/08/2023 (The Star Online), Kuala Lumpur - A RM1.2mil allocation has been set aside to finance a study of the orang utan population in Sabah for a period of two years.

MARKET DEVELOPMENT
21-08-2023

Salcra to build RM35 mln plant to produce animal feed from oil palm waste

19/08/2023 (The Borneo Post), Kuching - A total of RM35 million has been allocated to the Sarawak Land Consolidation and Rehabilitation Authority (Salcra) to build a plant to produce animal feed from oil palm waste, said Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg.

MARKET DEVELOPMENT
21-08-2023

EU starts probe on Indonesian biodiesel avoiding import duties

18/08/2023 (The Jakarta Post) - The European Union said on Thursday it had launched an investigation into whether biodiesel from Indonesia was circumventing EU duties by going through China and Britain.

MARKET DEVELOPMENT
21-08-2023

Malaysian Palm Oil Green Conservation Foundation allocates RM1.2m to fund orangutan population study in Sabah, says Plantation sec-gen

19/08/2023 (Malay Mail), Kuala Lumpur - The Malaysian Palm Oil Green Conservation Foundation (MPOGCF), an agency under the Ministry of Plantation and Commodities (KPK), has allocated RM1.2 million to finance a study of the orangutan population in Sabah for a period of two years, starting this year.

MARKET DEVELOPMENT
21-08-2023

Vegetable prices likely to cool down next month, says FinMin official

20/08/2023 (Business Standard) - The government expects vegetable prices to start cooling off from next month with the advent of new crops in the market, but rising crude oil prices is a concern even though it is still within the tolerable zone of $ 90 a barrel, a finance ministry official said.

OILS & FATS
21-08-2023

Trade Minister suggests reactivating bilateral forum with Vietnam

20/08/2023 (Antara News), Semarang, Central Jawa - Indonesia's Trade Minister Zulkifli Hasan has suggested reactivating the bilateral forum with Vietnam to improve bilateral trade.

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