Daily Archives: March 4, 2021

Additional cess on palm oil products to be used to fund mechanisation, says minister

The additional cess of RM2 per tonne imposed on crude palm oil and crude palm kernel oil came into force on March 1, and will be used to support the establishment of a new consortium platform to boost mechanisation and automation in the industry, the government said today. Following the increase, the cess levied on each tonne…

What you need to know about Switzerland’s ‘palm oil’ referendum

The Swiss will cast their votes on March 7th on three different issues. One of them involves free trade agreement with Indonesia.What interest does Switzerland have in an Asian country more than 11,000 km away? Indonesia is the world’s largest producer of palm oil, a raw material that is much in demand in Switzerland, as…