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Include smallholders in the palm oil value chain — Solidaridad Network
KUALA LUMPUR: In the face of new opportunities and external sustainability agenda, more attention has to be paid as to how companies can better support the three million smallholders worldwide who produce roughly 30 per cent of global palm oil, said international civil society organisation Solidarid...
Palm slumps nearly 7% on weaker rival oils
JAKARTA (Sept 26): Malaysian palm oil futures fell nearly 7% on Monday (Sept 26), tracking weakness in rival edible oils amid recession fears, and after a leading analyst warned prices would plunge by more than 30% by the end of this year due to ample supply and weaker demand. The benchmark palm oil...
Indonesia’s 2022 palm oil exports to fall, stocks to rise due to lower shipments, says trade official
AGRA, India, Sept 24 (Reuters): Indonesia’s palm oil exports are set to jump in the second half of the year after the scrapping of export levies, but the 2022 total will still be lower than last year’s 33.7 million tonnes due to earlier restrictions, an industry official told Reuters. Lo...
Expanding palm oil stockpile to dampen CPO prices
THE Malaysian palm oil inventory, which is likely to have surpassed two million tonnes for the first time in two years, is expected to add further downward pressure on crude palm oil (CPO) prices that have fallen from their peak in April this year. As production picks up in the second half and stiff...
India’s palm oil imports from Malaysia up 49% in August
NEW DELHI (Sept 13): India imported 353,556 tonnes of palm oil from Malaysia last month, up 49% from July 2022, as its overall edible oil imports grew 14% month-on-month. The imports from Malaysia comprised 306,376 tonnes of crude palm oil (CPO), 39,480 tonnes of RBD palm olein, and 7,700 tonnes of ...
MPOC: Focus on sustainability issues does not seem to abate for palm oil industry
KUALA LUMPUR (Sept 13): The focus on sustainability issues does not seem to abate, as more challenges await the palm oil industry, according to Malaysian Palm Oil Council (MPOC) chief executive officer Wan Aishah Wan Hamid. According to Wan Aishah, the palm oil industry has faced multiple sustainabi...