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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?
US Withdrawal From TPP Affects Palm Oil Export, Says Mah
25/01/2017 (Bernama) - The US withdrawal from the Trans-Pacific Partnership Agreement (TPPA) has affected Malaysia's target to export RM20 billion worth of palm oil products to the 12 participating countries in the pact by 2021.
New Guidance to Improve Transparency in Palm Oil Sector
25/01/2017 (Global Trade Review) - A group of 18 organisations have come together to improve transparency and accountability in the palm oil sector, releasing a set of best-practice reporting guidelines for companies engaged in sustainable palm oil sourcing and production.
Crude Palm Oil Futures up 0.92% on Spot Demand
25/01/2017 (Business Standard) - Crude palm oil prices were up by 0.92 per cent at Rs 595 per 10 kg in futures trade today as traders created fresh positions supported by pick up in demand at the spot market amid firm global cues.
MCX Crude Palm Oil Tests Key Resistance
25/01/2017 (Hindu Business Line) - Crude Palm Oil prices has been surging consistently since November 2016.
Year of the Rooster Seen Waking Up China’s Palm Oil Demand
25/01/2017 (Bloomberg) - As China welcomes the Year of the Rooster this week, bets that a recovery in Asian palm oil production will drive prices lower may be something for consumers to crow about.
FGV Expands Jetty Ops in Pakistan
25/01/2017 (The Star) - Felda Global Ventures Holdings Bhd (FGV) plans to invest RM25mil in Pakistan to expand its jetty operations in a bid to capture a bigger market share in that country as well as India and the Middle East.
Oil Palm Finds Favour With East Godavari Farmers
25/01/2017 (The Hindu) - Being transplanted in mere 200 hectares in 1993, oil palm remained the fastest growing crop in East Godavari district encouraging more and more farmers to convert their mango groves and cashew orchards to the palm groves, taking the total extent to 26,522 hectares now. Assured market and price fixation, low input costs coupled with monthly returns have been attracting the farmers to switch over to oil palm cultivation.
RSPO Recognizes SCS as First Accredited Certification Body based in North America
25/01/2017 (Justmeans) - SCS Global Services (SCS) announced that it has officially earned accreditation as a third-party certifier under the Roundtable on Sustainable Palm Oil (RSPO) program.
‘Plan B’ to Boost Commodity Exports
25/01/2017 (The Sun) - The government will look at other ways to increase commodity exports including bilateral free trade agreements (FTAs) and entering new markets, following the US’s withdrawal from the Trans Pacific Partnership Agreement (TPPA).
