I READ a few news reports in a couple of international media recently about a startup based in New York that is ready to go big in producing synthetic palm oil as an alternative to natural palm oil. The company uses microbes to convert food waste and industrial byproducts into synthetic palm oil through a…
MUMBAI: India on Monday said imports of refined palm oil could recommence after being restricted in January, although with conditions attached. The world’s biggest importer of palm oil on Monday said in a statement that importers would need to furnish pre-purchase agreements and import the commodity within six months of receiving the licence, instead of…
Palm oil prices are expected to decrease slightly from its current levels over the next three to six months due to fall in demand caused by the Covid-19 pandemic. “Although palm oil supply is also being negatively impacted by government containment measures as plantation operations are being disrupted which could support prices in the very…
Malaysia and the European Union share a long history and strong trade ties. The European Union is Malaysia’s third-largest trading partner and is its largest source of foreign direct investment, and Malaysia is a major exporter of raw materials to the European Union. But politics over palm oil threaten their relationship. Malaysia is the world’s…
KUALA LUMPUR: Synthetic palm oil does not contain vitamins A and E compared to natural palm oil rich with these nutritional values, the Malaysian Palm Oil Board (MPOB) said in a statement yesterday. Its director-general Dr Ahmad Parveez Ghulam Kadir said the raw materials used to produce synthetic palm oil may not be from original…
Indonesia’s palm oil exports to China have plummeted by half in volume amid global uncertainties, an industry source has said. The Indonesian Palm Oil Producers Association (GAPKI) said in a statement on Tuesday that China’s export volume fell by 381,000 tons or 57 percent. This contributed to the sharp drop in the country’s total palm…
Jakarta (ANTARA) – Deputy Foreign Minister Mahendra Siregar stressed that Indonesia could not accept the European Union (EU) energy policy which blamed biofuel from palm oil as a cause of deforestation, describing it as discriminatory. Mahendra considered the Renewable Energy Directive (RED II) and the Derivative Act released by the EU as a major challenge…
Dutch King Willem-Alexander and Queen Máxima are to visit Indonesia from March 10 to 13 at the invitation of President Joko “Jokowi” Widodo. In the lead-up to the state visit, the Dutch Foreign Ministry recently invited The Jakarta Post’s Yuliasri Perdani and several other Indonesian journalists to the Netherlands to talk with Dutch Foreign Affairs Minister Stef Blok about the…
With new regulatory changes now taking place on the basis of the EU’s Renewable Energy Directive (RED) II of 2018, Indonesia and Malaysia are trying to come to terms with the implications for their global palm oil market strategy and domestic production. They are mobilising intra-regional support from ASEAN and its members and even considering…
JAKARTA (Reuters) – Indonesia’s chief economic minister, Airlangga Hartarto, said on Wednesday the government plans to increase palm oil export levies to support expansion of its palm biodiesel program. “The increase is currently being calculated, whether it will be a flat increase or progressive,” Hartarto told reporters. Further details on the plan are still being…
