Berita Arkib

Foreign Affairs Minister Retno Marsudi on Thursday’s virtual seminar asserted that Indonesia will continue to fight the palm oil discrimination which she suggests is happening in a number of regions, such as the European market.

The Government of Sindh on Wednesday said it has successfully developed a project of palm oil production in Thatta district.

THE Ministry of Plantation Industries and Commodities (MPIC) has launched the “Sawit Anugerah Tuhan” (Oil Palm the Gift of God) campaign with the aim of appreciating the great contribution of the palm oil industry to the country, besides raising awareness about its benefits and nutritional values to the community.

The company saw its net profit rise 19.3% year-on-year (YoY) to RM208.82 million in its fourth quarter ended Sept 30, 2020 (4Q20), from RM175.02 million a year ago backed by favourable CPO and palm kernel selling prices during the period.

The country’s exports during July-October, 2020 totaled $7.576 billion against $7.529 billion during the corresponding period of last year, showing an increase of 0.62 percent, revealed exports and imports data released by the Pakistan Bureau of Statistics (PBS).

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher today after recording losses for two consecutive days, backed by stronger soya bean oil prices on the US Chicago Board of Trade (CBOT).

Deputy managing director Lee Seh Meng says if successful, the revenue generated from the palm oil-based adhesives could be bigger than the group’s existing turnover

A palm oil extraction plant being run by the Sindh’s Environment and Coastal Development departments has started production, ARY News reported on Wednesday.

The reforms will shift wholesale motor fuel pricing from export parity to import parity to reflect the growing domestic market imbalance, particularly in gasoline. In line with other Latin American countries, gasoline and diesel prices would move within a band designed to mitigate market volatility through an existing government-run fuel subsidy fund.

The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange gained 16 ringgit, or 0.49%, to 3,295 ringgit ($803.17) a tonne during early trade.

Abuja, Nov. 18, 2020 Solidaridad Nigeria, a an NGO on Wednesday in Abuja appealed to various state governments to leverage on potential in oil palm to grow their economies.

Malaysian palm oil futures jumped 2% on Wednesday, ending a three-day losing streak, underpinned by expectations of tight supplies in November hit by heavy rains and as traders switched to long positions.