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Can palm biodiesel provide quick relief for Malaysia amid Iran war?
A delicate balance for biodiesel mandate
Malaysia plans phased expansion of biodiesel programme, minister says
CPO Futures Close Slightly Higher, Tracking Gains In Soybean Oil Prices
Palm oil demand tepid this month
The demand for palm oil is likely to stay weak in December despite a recent slide in prices, according to traders in world No. 2 producer Malaysia, although exports from the country are seen to rebound in January as China stocks up ahead of the Lunar New Year
European vegoils-Palm oil mostly easier with futures on slow demand
Palm oil on the European vegetable oils market was offered mostly easier on Thursday, mainly tracking weaker Malaysian palm oil futures on concerns over lagging demand and rising stockpiles.
Palm oil demand seen tepid in Dec, could pick up in New Year
Benchmark prices for the commodity, used to help make products ranging from instant noodles and chocolate to soap, have dropped about 12 percent since the start of November, standing around 2,430 ringgit ($596) on Thursday
Stakeholders advise Customs on illegal importation of palm oil
The Plantation Owners Forum of Nigeria, the National Palm Produce Association of Nigeria and the Oil Palm Growers Association of Nigeria, have called on the Nigeria Customs Service to address the issue of illegal importation of palm oil into Nigeria.
Palm hits 16-month low on weak demand, high stockpiles
Malaysian palm oil futures hit a 16-month low on Thursday, weighed down by low demand and high stockpiles, as well as weakness in edible oils on China's Dalian Commodity Exchange.
Analysts keep neutral rating on plantation stocks
PETALING JAYA: Plantation stocks continue to attract a neutral rating from analysts, who see limited downside to crude palm oil (CPO) prices in the near future despite rising inventory levels and weaker exports.
Palm oil eases on weaker ringgit, subdued export demand
ROTTERDAM: Palm oil on the European vegetable oils market eased on Wednesday, tracking Malaysian palm oil futures on concerns over weak export demand.
Nigeria’s palm oil import: How NIFOR failed on its mandate
The formal mandate of the Nigerian Institute for Oil Palm Research is to conduct research into the production and products of oil palm and other palms of economic importance and transfer its research findings to farmers. Nigeria has imported palm oil worth over $3.2billion in the last ten years. The greatest challenge in Nigeria is that NIFOR has totally disconnected from potentially small-scale and out-grower smallholder farmers of palm oil plantation and failed in its mandate. Today, NIFOR has failed in its mandate for allowing Nigeria to fall from being the largest producer of oil palm to net importer of palm oil. NIFOR failed in its mandate because there is no policy statement on how Nigeria can return back as the largest producer of palm oil in the world and the institute is always waiting for its annual subvention from Abuja. It lacks innovation. There is need to review the operations of NIFOR in the last fifty years and reposition it to deliver on its mandate. Today, the institute has no record on how many private individuals or organizations that have established palm oil plantations in the last 20years in Nigeria. NIFOR is located in Benin City and he does not even know the number of palm oil estates in Edo State. Rather there is always struggle for managerial positions in the institute. How can the institute deliver on its mandate when it has no records or database of palm oil estates in Nigeria? Federal Government should as a matter of urgency review the operations of NIFOR.
Crude palm oil futures fall 0.28% on profit-booking
Crude palm oil prices fell 0.28 per cent to Rs 559.80 per 10 kg in futures trade today as traders booked profits amid fall in demand at the spot market.
