Berita Arkib

Vegetable oil imports for India bounced 9% in November-December 2020 to 24.59 lakh tons because of advance purchase by the industry to beat the looming trade demands by Malaysia, as per industry information. Solvent Extractors' Association of India (SEA) said in an assertion, "Vegetable oil imports during the period of November-December 2020 accounted for 24,59,484 tons contrasted to 22,55,501 tons during theidentical period in 2019,"

(Jan 15): Palm oil prices are set to have their best annual showing in a decade even as the coronavirus pandemic rages on.

Palm oil futures are headed for their steepest weekly drop in 11 months on concerns that demand from key buyers will dissipate as Malaysia reported a slump in export data

A 10 per cent duty reduction on the import of crude palm oil (CPO) on November 27 seems to have helped boost CPO import during December, according to the Solvent Extractors’ Association of India.

JAKARTA: Indonesia's state energy company PT Pertamina said on Friday it had started trials on diesel made entirely out of palm oil at its Cilacap refinery on Java island after conducting trials on jet fuel late last year.

Malaysia’s economy will remain resilient despite the re-imposition of the Movement Control Order (MCO) in six states and the nationwide state of emergency, thanks to labour productivity which drives economic growth.

Top palm oil producers said on Thursday that the industry is making strides towards transparency and sustainability across its supply chain despite campaigns against use of the oil. Video:

As vegetable oil and ghee rates remain volatile, mainly moving upwards, the stakeholders in the sector have demanded that the government revise duty structures to help maintain prices in the local market.

Malaysian palm oil futures reversed early gains on Wednesday, ending at a two-week low on concerns over weak demand as Malaysia kept its February export tax rate at 8%, but losses were limited by higher soyaoil prices.

Vietnam’s incentives for international firms for setting up units to manufacture hi-tech products, pool of low-cost workers and proliferation of free trade agreements (the latest one is with the EU) place it at an enviable position among Asian peers, the report suggests

Malaysian palm oil futures climbed 1% on Wednesday, recovering from two straight sessions of falls, as rival soyoil prices jumped after a widely watched US report cut its forecast for soybean supplies.

As vegetable oil and ghee rates remain volatile, mainly moving upwards, the stakeholders in the sector have demanded that the government revise duty structures to help maintain prices in the local market.