Berita Arkib

France is in favour of no ban and no discrimination against palm oil, at national level and the European Union level, a French minister said yesterday.

Palm oil is a significant import of Pakistan’s and has crossed the $1 billion in the first half of the fiscal year. The latest numbers posted by PBS showed an increase of 23 percent in palm oil imports as compared to the same period year.

Malaysian palm oil futures rose more than 1 percent at midday on Monday, its sharpest gain since the start of the year, on expectations demand will recover and as the ringgit, the tropical oil's currency of trade, fell in early trade.

There is an urgent need for all palm oil industry players to obtain certification to prove that the commodity is being grown sustainably to strengthen the image of the industry globally.

Indonesia’s Trade Ministry said on Monday it would keep the export tax for crude palm oil (CPO) and cocoa at zero in February, unchanged from this month, as reference prices were seen remaining below certain thresholds.

SINGAPORE (Jan 29): The palm oil third-month contract may test a support at 2,462 ringgit, as it has broken a higher support at 2,491 ringgit per tonne

Indian soyoil futures were set to close higher on Monday, tracking gains in rival Malaysian palm oil and related oils overseas.

Palm oil output in the world's top two producing countries is forecast to climb to new highs this year as output fully recovers from its El Nino-stunted 2017 level, pushing 2018 average prices down by 7 percent from last year, a Reuters poll showed.

France is against any discriminatory measure that singles out any agriculture commodity, French Ambassador for Environment Xavier Sticker said, adding that it will voice this out in upcoming negotiations by the European Union (EU) following the European Parliament’s recent vote to ban the use of palm oil in biodiesel after 2020.

Close to 30 per cent of 518,000 hectares of Malaysian Sustainable Palm Oil (MSPO)-certified areas are in Sarawak.

IS Malaysia looking to impose tough trade measures on nations that boycott Malaysian palm oil?

Malaysia is reviewing its trade with the European Union following the bloc’s move to back a ban on using palm oil to make biofuels, the Deputy Prime Minister was reported as saying on Sunday.