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Malaysia raises palm oil export duty for April
CPO Futures Close Lower Amid Weaker Crude Oil, Soybean Oil Prices
Middle East conflict boosts demand for alternative fuels
Palm falls on weak rival oils, crude oil prices, April demand concerns
Amid FGV director pay controversy, palm oil price hit by worst quarterly fall on record
KUALA LUMPUR, June 28 — The price of palm oil has now fallen for the longest period since tracking began, with the commodity grappling with both a continuing oversupply and weak global demand.
Palm oil drops for 6th session on dismal demand
SINGAPORE (June 27): Malaysian palm oil futures slid for a sixth consecutive session on Thursday with prices trading near seven-month low, weighed down by slowing demand.
Indonesia keeps crude palm oil, cocoa export taxes unchanged in July
Indonesia’s export taxes on crude palm oil will remain at zero for the month of July, while export taxes for cocoa beans will stay at 5%, according to Trade Ministry
Almost two-thirds of palm oil consumed in the EU is burned as energy – new data
Europeans are increasingly eating less and less palm oil and instead are inadvertently burning more and more in cars and trucks. Last year 65% of all the palm oil imported into the EU was used for energy. 53% of all palm imports was used to make biodiesel for cars and trucks – an all-time high – and 12% to generate electricity and heating – another record. Palm oil used for biodiesel grew again in 2018 – by 3% – while the use of palm oil to make food and animal feed dropped significantly, by 11%.
LIBERIA: Sustainable palm oil production programme launched
An ecological oil palm cultivation programme is being developed in West Africa. The project, led by the NGO Solidaridad Liberia and the Dutch Embassy in Monrovia, aims to promote sustainable intensification and climate-friendly oil palm chain production.
Resource-based manufacturing unit of IOI Corp expected to perform well
Maintain hold with an unchanged target price of RM4.42: IOI Corp Bhd has been actively looking for plantation estates for acquisition, after selling its 70% equity interest in Loders Croklaan Group BV to Koninklijke Bunge BV (KBBV).
Govt to introduce estate farming model: Mahathir
PUTRAJAYA: The government will introduce an estate farming model to increase income of smallholders in rural areas, said Prime Minister Tun Dr Mahathir Mohamad.
Palm oil tumbles
Palm oil futures slid on Tuesday, logging a fourth consecutive session of declines, as lacklustre export data and softer soyoil prices kept a lid on sentiment.
Robotics to overcome manpower shortage in Sarawak oil palm industry
An oil palm company here is developing several machines that are capable to overcome the shortage of manpower in the industry.
