MANCHESTER (Feb 25): The application of blockchain technology in the palm oil industry would indicate the existence of a trusted solution in place to prove provenance, certify sustainability and encourage the industry positive growth, a consulting firm involved in blockchain said.
KUALA LUMPUR, Feb 25 — The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives plunged to below RM2,500 per tonne, its lowest since November 2019, dragged down by uncertain market sentiment.
JAKARTA, Feb 25 (Reuters) - Indonesia state energy company PT Pertamina asked parliament to cap prices for some crude palm oil (CPO), as the company develops refineries to make fuel from the vegetable oil.
In a bid to revamp the palm oil sector, the National Palm Produce Association of Nigeria (NPPAN) has signed a Memorandum of Understanding (MoU) with the Nigerian Institute for Oil Palm Research (NIFOR) for the production of 20million oil palm seedlings to boost production of smallholder farmers.
KOTA MARUDU, Feb 24 — The government has approved an interest-free easy loan scheme of RM100,000 for Sustainable Oil Palm Growers Cooperatives (KPSM) to provide them with working capital to buy and sell fresh fruit bunches (FFB), said Primary Industries Minister Teresa Kok Suh Sim.