Berita Arkib

European rapeseed oil (RSO) spot prices hit a multi-month high last week, as the suspension of rapeseed crushing at plants in Germany and France curbed supplies.

ISLAMABAD: The Paki­stan Vanaspati Manu­fact­urers Association (PVMA) has agreed in principle to take measures in the next couple of days to bring down prices of edible oil/ghee.

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade lower or remain weaker next week in anticipation of weaker exports in the coming weeks.

The Modi Cabinet’s decision last week to promote environmentally ruinous oil-palm plantations in the Andamans was a long time in the making and came on the heels of a go-ahead contained in a scientific body’s report, which environmentalists have disputed.

AMID dwindling public revenues, continued reliance on crude oil earnings and complacency by state governments, a commitment by the Edo State Government and the Central Bank of Nigeria to revitalise oil palm production offers a ray of light. Ramping up advocacy for oil palm production as part of efforts to diversify the economy, Governor Godwin Obaseki of Edo projected optimum earnings of $20 billion annually for the country with widespread cultivation and processing of palm kernels. Beyond rhetoric, the federal and state governments should urgently drive the resuscitation of this and other agricultural products to diversify exports, create jobs and attract investments.

KUALA LUMPUR (Aug 20): Exports of Malaysian palm oil products for Aug 1-20 fell 8.73% to 788,211 tonnes from 863,586 tonnes shipped during July 1-20, according to independent inspection company AmSpec Agri Malaysia on Friday.

Jakarta (ANTARA) - State-run PT Pertamina through its sub-holding Pertamina NRE and state-run plantation PT Perkebunan Nusantara III are producing green energy from palm oil liquid waste at Sei Mangkei biogas power plant (PLTBg), North Sumatra.

US President Joe Biden’s commitment to significantly reduce carbon emissions is likely to pressure US soybean oil supply in coming years as biodiesel production scales up in tune with rising demand for the alternative fuel.

The reduction in import duty will directly benefit the kitchen budget of the common people, although this reduction in import duty is only till 30 Sep

US Soybean Oil Futures yesterday settled down by -0.23% at 1400.3 tracking weakness in CPO prices after seen supported by lingering concerns over tight supply. Edible oil prices are likely to remain elevated till the arrival of new crops in the October-November period, industry officials said. The rates are unlikely to come down anytime soon as India meets more than half of domestic demand through imports, BV Mehta, executive director, Solvent Extractors Association of India (SEA) said. The soybean oil price has surged due to efforts of making renewable bio-diesel fuel from it in the US, Brazil and other countries. Total oilseeds production in the country during 2020-21 is estimated at a record 36.10 million tonnes which is higher by 2.88 million tonnes than the production during 2019-20.

Sime Darby Plantation Bhd’s (SDP) future earnings growth will be supported by favourable crude palm oil (CPO) price, according to analysts.

The project involved the development of 1,921ha in Sarikei with a total plantable area for the purpose of oil palm cultivation estimated at 1,152ha.