NEWS FEED
  • 2 April, 2020
    FGV backs MPOA request to resume critical plantation operations in Sabah
    KUALA LUMPUR (April 1): FGV Holdings Bhd (FGV) has added its voice to concerns raised by the Malaysian Palm Oil Association (MPOA) and the Malaysian Estate Owner Association (MEOA) over a recent decision by the Sabah State Government to close palm oil operations in three additional districts in the State. This would lead to a […]
  • 1 April, 2020
    MCO in Bangladesh Threatens Ramadan Demand for Oils & Fats
    COVID-19 came as a havoc on oils and fats market of Bangladesh. Since Ramadan, the peak consumtion vis-à-vis import period of oils and fats in the country, is ensuing, refiners, importers and traders were ready for a bumper business and were prepared themselves accordingly. Importers cum refiners had planned to import about 400,000 to 500,000 […]
  • 1 April, 2020
    Key Issues Affecting Palm Oil in the EU and in EU Member States in 2020 and beyond
    The following are the key issues affecting palm oil in the EU, in EU Member States and in other European countries during 2020 and beyond. 1. The EU’s Renewable Energy Sources Directive The key development in 2019, and which will likely continue to play an important role in the 2020 and beyond, is the EU’s […]
  • 31 March, 2020
    Coronavirus implications on Egypt
    Egypt’s Ministry of Health announced the total infected cases as of 25 March 2020 is 456 cases, including 95 cases that have been cured and discharged from hospitals, and 21 deaths. As at today, several preventive measures has been taken to combat the spread of the new virus including suspending international flights, shutting down schools […]
  • 31 March, 2020
    Impact of Covid-19 On Indian Vegoils Business
    COVID-19 has wormed itself into the consciousness of people around the world. It has laid bare the boundaries created by men. In its rampage across the globe, it has brought the high and mighty to their knees. India has been a late entrant to the visitations of this virus. Almost all those afflicted in India […]
  • 31 March, 2020
    Government of India Relaxes ‘Certificate of Origin’ Conditions
    Below notification was issued by Ministry of Commerce and Industry, Department of Commerce Directorate General of Foreign Trade, Government of India on March 28, 2020. This notification recognises the fact that Government of India will not be able to issue Certificates of Origin (COO) in view of the lockdown. However, the custom authorities have been […]
  • 30 March, 2020
    Food Industry Likely to Maintain Palm Oil Imports in Turkey
    The Republic of Turkey has been tested with geopolitical issues since 2018 that has seen a severe drop in its economy, mainly reflected in depreciation the Lira. However, by Q4 2019, things are looking to be positive for Turkey, heading into the new year with analysts anticipating a recovery in 2020. Turkey started the year […]
  • 30 March, 2020
    USA Renewable Energy Producers Hit Hard by the Corona Virus Pandemic
    In his recent Seeking Alpha article, analyst Tristan R. Brown highlighted that U.S. oil refiners and other fuel producers have seen their market capitalizations mostly wiped out in recent weeks as the COVID-19 pandemic has taken hold in the U.S. The market is clearly concerned that an extended period of social distancing will continue to […]
  • 30 March, 2020
    Indonesian palm oil exports to China plunge by half in January
    JAKARTA, March 30 (Jakarta Post/ANN) — The Indonesian Palm Oil Producers Association (GAPKI) said export volume to China fell by 381,000 tons or 57 percent in January and this had contributed to the sharp fall in the country’s total palm oil exports, which declined by 35.6 percent to 2.39 million tons in January, from 3.72 […]
  • 27 March, 2020
    Demand for oleochemicals will be key driver to support palm oil prices
    Oleochemicals are mainly derived from animal fats and greases like tallow or vegetable oils and fats like palm and coconut oil, fatty acids are mainly used in cosmetics and toiletries, as well as for the production of lubricants and plasticizers in rubber and polymer processing. The current Covid 19 pandemic will likely see demand for […]