Latest News

OILS & FATS
12-09-2024

MPOB developing tech solutions to help smallholders meet EUDR requirements

11/09/2024 (Bernama), Rotterdam - The Malaysian Palm Oil Board (MPOB) is actively developing technology solutions to help smallholders meet the additional requirements of the European Union Deforestation Regulation (EUDR).

OILS & FATS
12-09-2024

Azerbaijan's palm oil imports show mixed trends as experts predict future decline

11/09/2024 (Azernews) - Azerbaijan has maintained its palm oil imports from Southeast Asia in 2024, purchasing 23,818 tons in the first half of the year—a slight increase of 0.6% compared to last year. However, the cost of crude palm oil has decreased by 3.2% due to lower prices, Azernews reports.

OILS & FATS
12-09-2024

Olive oil wastewater heralded as new superfood

11/09/2024 (Oils & Fats International) - Researchers have found that olive mill wastewater (OMW) – a bitter-tasting and previously discarded by-product of the production process – has protective and anti-inflammatory properties, The Guardian reported.

OILS & FATS
11-09-2024

Palm oil falls as August inventories rise more than expected

10/09/2024 (Reuters), New Delhi - Malaysian palm oil futures fell on Tuesday after data showed inventories in the world's second-largest producer rose more than expected last month.

OILS & FATS
11-09-2024

Malaysia consistent in ensuring environmental sustainability in palm oil production, says KPK sec-gen

10/09/2024 (The Edge Malaysia), Rotterdam - Malaysia has consistently taken proactive steps to ensure that the environmental sustainability of its palm oil industry meets European standards and deforestation regulations, said Ministry of Plantation and Commodities (KPK) secretary-general Datuk Yusran Shah Mohd Yusof.

OILS & FATS
11-09-2024

Climate action through circularity and waste management: Malaysian palm oil company IOI’s approach

10/09/2024 (Eco-Business) - Industrial waste is often treated in most sectors as a disposal challenge, but agribusinesses have long leveraged on the organic by-products of their crops as valuable resources. Malaysia’s palm oil companies are no exception, using regenerative agricultural techniques such as mulching and organic composting to enrich the soil and improve yields.

OILS & FATS
11-09-2024

New EU law sparks concern in Indonesia’s palm oil industry

10/09/2024 (Scandasia) - A new EU law set to take effect on December 30 has sparked concern in Indonesia’s palm oil industry. Eddy Martono, head of the Indonesian Palm Oil Association (GAPKI), told The Financial Times that the regulation could cause chaos if implemented without delay.

OILS & FATS
11-09-2024

Egypt’s GASC receives offers in international vegetable oils tender

10/09/2024 (Reuters), Dubai - The lowest offer presented at an Egyptian state purchasing tender for vegetable oils on Tuesday was $1,036 per metric ton cost and freight (c&f) for 12,000 tons of soyoil, traders said.

OILS & FATS
10-09-2024

CPO Futures Close Lower On Weaker Soybean Oil Market

09/09/2024 (Bernama), Kuala Lumpur - Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower on Monday as it tracked the weakness of the soybean oil market on the Chicago Board of Trade (CBOT), according to palm oil trader David Ng.

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