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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
Norway sees sharp drop in palm oil biofuel consumption after ban on government purchasing
• Norway saw drop in palm oil consumption following new regulations limiting sales in response to concerns about deforestation for plantations. • The decrease has been lauded by a Norwegian rainforest advocacy group, which called it a “big win for rainforests.†• Indonesia and Malaysia, the world’s two biggest palm oil producers, have warned of retaliation if a Europe-wide phase-out of the commodity from biofuels by 2030 goes ahead.
Palm oil may retrace into RM1,965-1,986 range
Palm oil may retrace into the range of RM1,965-1,986 per tonne as it failed to break a resistance at RM2,020.
100 percent sustainable palm oil is possible, claim European suppliers as 2020 targets loom
Europe’s food manufacturers and retailers need to choose certified sustainable palm oil instead of backing messages to drop palm oil altogether.
Trade body seeks more use of soybean oil
Efforts are being made to reduce Myanmar’s reliance on palm oil, the most popular vegetable oil in the country, according to the Myanmar Edible Oil Millers Association.
VEGOILS-Palm climbs tracking soy, helped by weak ringgit
* Palm up 0.8% * Malaysia June 1-15 palm oil exports fall 15.3% -SGS (Updates with closing prices, comments) By Liz Lee
Ministry sticks to plan to help palm growers
Despite criticism, the Commerce Ministry stays committed to calling on retailers to mark up prices of cooking palm oil to reflect higher costs, in part to help boost domestic oil palm prices.
Palm oil price hike is unwise
Despite good intentions, the Department of Internal Trade's (DIT) latest move to instruct retailers to mark up prices of cooking palm oil aimed at boosting palm nut prices is imprudent
Buhari orders CBN to blacklist importers of palm oil, 42 other items
President Muhammadu Buhari has directed the Central Bank of Nigeria to blacklist from the banking system any firm, its owner and top management caught smuggling or dumping any of the 43 items that are not eligible for foreign exchange.
Malaysian palm oil benchmark steadies
Malaysia's benchmark palm oil contract closed unchanged on Friday, highlighting still sluggish demand as gains earlier in the day on Indonesia's plans to increase bio content in biodiesel evaporated
