Chennai: Palm oil has lost its market share in the imported edible oil basket to 48 per cent in December 2024 from 72 per cent in December 2023 as Malaysian palm oil prices went up in 2024.

Benchmark palm oil prices will average 4,350 ringgit ($972.07) a metric ton this year, up 5.4% from 2024, according to a median estimate of 11 traders, analysts and industry participants.

According to data from Trading Economics, the price of palm oil reached its highest point since mid-2022 late last year. On 11 November, the price reached 5,195 Malaysian ringgit (€1121.76) per tonne, ...

JAKARTA : Indonesia welcomed a ruling by the World Trade Organization in a case against European Union on palm oil-based biodiesel, expecting the bloc to adjust its regulations to comply with the ...

Hindustan Unilever (HUL) is acquiring the palm undertaking of Vishwatej Oil Industries in Kamareddy district of Telangana as part of its palm localisation strategy. Setting up sapling nurseries ...

TEMPO.CO, Jakarta - Deputy Speaker of the Indonesian People’s Consultative Assembly (MPR) Eddy Soeparno hailed Indonesia's victory against the European Union in the World Trade Organization (WTO) ...

The export tax structure starts at 3% for crude palm oil in a 2,250 to 2,400 ringgit-per-ton range. The maximum tax rate is set at 10% when prices exceed 4,050 ringgit a ton. - Reuters ...

I don’t smoke weed, but I occasionally partake in gummies and other hemp-based products, which are legal in Wisconsin. They make me feel happy, help me sleep, and often have me laughing at the ...

Palm oil, scientifically known as Elaeis guineensis Jacq is a common edible oil in many Nigerian households. The oil derived from the mesocarp of the oil palm fruit is a key ingredient in numerous ...

The oil palm sector in Nigeria is witnessing unprecedented growth, presenting investors with lucrative opportunities to generate substantial returns. With global demand for palm oil continuing to ...

The Tripura government has planned to bring around 7,000 hectares of wasteland under oil palm cultivation by the 2026-27 financial year (FY'27), an official said on Friday. Initially, the Centre had ...