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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
Palm oil tumbles as crude prices fall
JAKARTA: Malaysian palm oil futures dropped on Thursday after oil prices fell, making palm a less attractive option for the biodiesel feedstock, while investors monitored developments from meetings in Europe on the war in Ukraine.
As global palm oil prices rise, cooking oil stock runs low in Indonesia’s retail outlets
Jakarta - Indonesia has been hit by an increase in cooking oil price and scarcity across the archipelago for the past few months, prompting President Joko Widodo and other officials to step in.
Curb oil palm loss and theft with AgriTech
Recently, the prices of palm oil fresh fruit bunches (FFB) have been at an all-time high – With the increase in oil palm fresh fruit prices, plantations are at risk of losing output whether it is due to pilferage, uncollected crops, or lack of data that is useful for daily monitoring.
NTU Singapore researchers create palm oil alternative from microalgae
A team of scientists led by Nanyang Technological University, Singapore (NTU Singapore) has produced and extracted plant-based oils from a type of common microalgae. Since the oils produced from the microalgae are edible and have superior properties as those found in palm oil, the newly discovered method would serve as a healthier and greener alternative to palm oil.
Palm oil: refiners call for price adjustment as import costs increase
The price of refined palm oil in Cameroon recently rose from CFA1,100 to CFA1,400 per liter. While the population already complains about the increase, which is also disapproved of by the government, the refiners want it to be higher.
Free, Prior and Informed Consent (FPIC): Respecting the Rights of Indigenous Local Communities in Indonesia
As one of the global leaders in the palm oil sector, Musim Mas is committed to its No Deforestation, Peat, and Exploitation (NDPE) Policy which covers not just its entire global operations but also third-party suppliers. In particular for “No Exploitation,†its efforts are centered around Free, Prior and Informed Consent (FPIC). FPIC is a principle that gives a community the right to provide or withhold consent to proposed projects that may affect the lands they customarily own, occupy, or use. Here’s how and why Musim Mas adheres to FPIC principles to support the rights of Indigenous people.
Palm oil price slashed by Tk3 per litre
The government cut the price of per litre palm oil by Tk3 on Tuesday.
TDM to dispose of two Indonesian units for RM115 million
Kuala Lumpur – TDM Bhd has accepted an offer by Ikhasas Sdn Bhd for the sale of PT Rafi Kamajaya Abadi (RKA) and PT Sawit Rezki Abadi (SRA) for RM115 million, which will be conditional upon TDM meeting several agreed upon conditions, including that certain operational issues at the target companies are resolved.
Zuraida: MIACES 2022 targets RM300b export value
MALAYSIAN International Agricommodity and Expo and Summit 2022 (MIACES 2022) targets an export value of RM300 billion for the agri-commodity sector this year, said Minister of Industries, Plantations and Commodities Datuk Zuraida Kamaruddin.
