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1. 15/12/2017
   
The demand for palm oil is likely to stay weak in December despite a recent slide in prices, according to traders in world No. 2 producer Malaysia, although exports from the country are seen to rebound in January as China stocks up ahead of the Lunar New Year
2. 15/12/2017
   
Palm oil on the European vegetable oils market was offered mostly easier on Thursday, mainly tracking weaker Malaysian palm oil futures on concerns over lagging demand and rising stockpiles.
3. 15/12/2017
   
Benchmark prices for the commodity, used to help make products ranging from instant noodles and chocolate to soap, have dropped about 12 percent since the start of November, standing around 2,430 ringgit ($596) on Thursday
4. 15/12/2017
   
The Plantation Owners Forum of Nigeria, the National Palm Produce Association of Nigeria and the Oil Palm Growers Association of Nigeria, have called on the Nigeria Customs Service to address the issue of illegal importation of palm oil into Nigeria.
5. 15/12/2017
   
Malaysian palm oil futures hit a 16-month low on Thursday, weighed down by low demand and high stockpiles, as well as weakness in edible oils on China's Dalian Commodity Exchange.
6. 15/12/2017
   
India's palm oil imports dropped nearly 11 percent in November from a year ago to the lowest level in eight months, a trade body said on Thursday, as refiners curtailed purchases due to a hike in import tax.
7. 15/12/2017
   
Malaysia-China bilateral trade reached RM237.96 billion for the first 10 months of this year, up 24.1 percent from RM191.65 billion in the same period last year.
8. 14/12/2017
   
PETALING JAYA: Plantation stocks continue to attract a neutral rating from analysts, who see limited downside to crude palm oil (CPO) prices in the near future despite rising inventory levels and weaker exports.
9. 14/12/2017
   
ROTTERDAM: Palm oil on the European vegetable oils market eased on Wednesday, tracking Malaysian palm oil futures on concerns over weak export demand.
10. 14/12/2017
   
The formal mandate of the Nigerian Institute for Oil Palm Research is to conduct research into the production and products of oil palm and other palms of economic importance and transfer its research findings to farmers. Nigeria has imported palm oil worth over $3.2billion in the last ten years. The greatest challenge in Nigeria is that NIFOR has totally disconnected from potentially small-scale and out-grower smallholder farmers of palm oil plantation and failed in its mandate. Today, NIFOR has failed in its mandate for allowing Nigeria to fall from being the largest producer of oil palm to net importer of palm oil. NIFOR failed in its mandate because there is no policy statement on how Nigeria can return back as the largest producer of palm oil in the world and the institute is always waiting for its annual subvention from Abuja. It lacks innovation. There is need to review the operations of NIFOR in the last fifty years and reposition it to deliver on its mandate. Today, the institute has no record on how many private individuals or organizations that have established palm oil plantations in the last 20years in Nigeria. NIFOR is located in Benin City and he does not even know the number of palm oil estates in Edo State. Rather there is always struggle for managerial positions in the institute. How can the institute deliver on its mandate when it has no records or database of palm oil estates in Nigeria? Federal Government should as a matter of urgency review the operations of NIFOR.
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ECONOMICS & INDUSTRY DEVELOPMENT DIVISION
Malaysian Palm Oil Board ( MPOB ) Lot 6, SS6, Jalan Perbandaran, 47301 Kelana Jaya, Selangor Darul Ehsan, MALAYSIA.
Tel : 603 - 7803 5544 || Fax : 603 - 7803 3533