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UniKL-MSI scientists explore palm oil’s potential in industrial application.
KUALA LUMPUR: Malaysian palm oil prices are set to hold steady in 2019 at an average of RM2,303 a tonne, according to estimates by the Malaysian Palm Oil Council (MPOC), while global output of the tropical oil is expected to rise by three million tonnes.
MUMBAI: India has cut import taxes on crude and refined palm oil from Southeast Asian (ASEAN) countries after a request from suppliers, a government notification said.
KUALA LUMPUR: Malaysian palm oil futures fell over 1 percent on Tuesday evening to trade around three-year lows, tracking weakness in crude oil and on existing concerns over high palm stocks.
PARIS: A ban on palm oil due to fears it may cause deforestation could displace rather than halt global biodiversity losses as it would likely increase output of other oil crops to meet rising vegetable oil demand, an international survey showed on Tuesday.
MUMBAI: India's palm oil imports in May plunged 38 percent from a year earlier to their lowest in nearly 4-1/2 years as higher import tax on the tropical oil made it more expensive, a trade body said on Thursday. India buys palm oil from Indonesia and Malaysia; and soyoil mainly from Argentina and Brazil, while it purchases sunflower oil from Ukraine.
KUALA LUMPUR: Malaysia could see rising demand for palm oil from key overseas buyers in the coming weeks following its decision to suspend export taxes on crude palm oil for three months from Monday.
NUSA DUA, Indonesia: Small palm plantations in Indonesia drew more attention than usual at the opening of the nation's annual palm oil conference on Thursday, as the world's top palm oil producer seeks to boost overall output by improving smallholder productivity.