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Malaysia raises palm oil export duty for April
Middle East conflict boosts demand for alternative fuels
CPO Futures Close Lower Amid Weaker Crude Oil, Soybean Oil Prices
Can palm biodiesel provide quick relief for Malaysia amid Iran war?
EU Food Safety Body to Look Again at palm Oil Health Risks
31/01/2017 (Reuters) - The European Food Safety Authority will re-examine its warning on health risks stemming from palm and other vegetable oils, a spokeswoman at the European body said in light of a recent study expressing less concern than EFSA.
FDA to Inspect Safety of Palm Oil Used in schools
31/01/2017 (GhanaWeb) - The Food and Drugs Authority (FDA) says it will be monitoring palm oil used in cooking for school children in the Eastern Region. This is to ensure its safety for consumption.
Indonesia Pushes For Self-sufficient Biofuels Production in 'Uncertain’ World
31/01/2017 (Biofuels International) - Indonesia’s Coordinating Minister of Maritime Affairs, Luhut Binsar Panjaitan, has said the country will reduce imports and promote the use of palm oil usage for biofuels to reduce its dependency on other countries, due to an uncertain global environment.
Malaysia Says Plans to Open Palm Oil Office in Iran
31/01/2017 (Tasnim News) – A Malaysian minister said the Southeast Asian country plans to set up a regional office in Tehran to explore Iran’s market for palm oil and other commodities.
VEGOILS-Market Factors to Watch Jan 27
27/01/2017 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
Indonesia Contributes 58% of Sustainable Palm Oil Production
27/01/2017 (Tempo.co) - Indonesia has contributed 58 percent of the world`s sustainable production of palm oil, stated the Roundtable on Sustainable Palm Oil (RSPO).
Russia. Palm Oil Imports Falling For A Third Month in A Row
27/01/2017 (UkrAgroConsult) - Palm oil purchases by Russia totaled 66.1 KMT in November 2016, or down 13% from the previous month (76.2 KMT). This trend has been seen for a third month in a row, and November’s imports were below the monthly average in the last two seasons (73.1 KMT), UkrAgroConsult reports.
Indonesia's Palm Oil Export Tax at USD $18/Ton in February 2017
27/01/2017 (Indonesia Investment) - Indonesia, the world's largest producer and exporter of crude palm oil (CPO), set the export tax for its CPO shipments at USD $18 per metric ton for February 2017, significantly higher than the USD $3 per metric ton export tax in the preceding month. Indonesia's benchmark February CPO price was set at USD $815.5 per ton, rising further above the USD $750 per ton threshold that the Indonesian government uses to separate a zero export tax policy from the setting of an export tax.
Crude Palm Oil Futures Down 0.90% on Low Demand
27/01/2017 (Business Standard) - Crude palm oil prices drifted lower by 0.90 per cent to Rs 582.80 per 10 kg in futures trade today as traders reduced exposure amid tepid demand in the spot market against adequate stocks position.
