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Windfall profit levy review, oil palm replanting among agenda at MPOA’s inaugural conference
Indonesia, Malaysia push biofuel to offset palm oil price downturn
Palm closes lower ahead of August supply-demand data
El Nino may cause CPO prices to hit, even exceed RM4,000 per tonne in 2H2023 — Sime Darby Plantation MD
Govt to introduce subsidy programme for cooking oil next year [NSTTV]
03/09/2023 (New Straits Times), Gopeng - The Domestic Trade and Cost of Living Ministry will introduce a subsidy programme targeting packet cooking oil in stages next year.
Register your businesses, food vendors and petty traders told
03/08/2023 (Free Malaysia Today), Petaling Jaya - Food vendors and petty traders, including those selling “pisang goreng” and “keropok” have been urged to register their businesses so that they will be included in the cooking oil subsidy scheme.
The Versatility of Palm Oil in Cooking
02/09/2023 (Energy Portal EU) - Palm oil, known for its deep red hue and earthy flavor, is a versatile ingredient that is widely used in many African and Asian cuisines. While it has a somewhat strong odor, its taste is quite mild, making it ideal for enhancing the flavors of various dishes.
Tanzania bolsters research on palm oil seeds to enhance production of edible oil
03/09/2023 (News Ghana) - The government of Tanzania has embarked on a program to strengthen agricultural research institutes to enable them to carry out research on the production of high-quality palm oil and sunflower seeds to enhance the production of edible oil locally, a senior official told parliament on Friday.
From rice to palm oil, Asian crops output forecast lower as El Nino strengthens
An unusually dry August has taken a toll on cereal and oilseed crops in Asia as El Nino intensified, and forecasts for lower rainfall in September are further threatening to disrupt supplies.
Indonesia CPO reference price at US$805 a tonne
JAKARTA: Indonesia has set its crude palm oil (CPO) reference price for the Sept 1-15 period at US$805.20 per tonne, according to a regulation made public yesterday.
EU sunflower seed production faces challenges amidst surprising early harvest results
The European Union's sunflower seed production remains a point of significant interest. Market players had maintained their production forecast at 10 million metric tonnes provided to Mintec for the EU crop in previous weeks. While this estimate surpasses the previous season's 9 million metric tonnes, there are now notable concerns about the potential need for downward revisions. Mintec has been gathering insights from industry insiders regarding the ongoing sunflower harvest in Bulgaria and Romania. Initial expectations of record-breaking sunflower seed crops in these countries have encountered an unexpected turn. The harvest has revealed yields that are notably lower than those observed in previous years.
Challenging misinformation and embracing a holistic perspective of palm oil
Enduring scepticism, palm oil stands strong and refutes hasty rejections. Embedded in Malaysia's culinary traditions for generations, it's now part of a global conversation.
MPOC commits to nation-building, economic growth through sustainability
KUALA LUMPUR: As the main entity to promote Malaysian palm oil, the Malaysian Palm Oil Council (MPOC) has played its role in nation-building to spearhead economic growth.
