Malaysian palm oil price near 1-month low as other edible oils drop
KUALA LUMPUR: Malaysian palm oil futures fell more than 2 percent during their second half of trade on Friday to their lowest in nearly a month, weighed down by weaker related edible oils. Expectations of only a slight drop in April inventory levels also contributed to the bearish market sentiment, traders said. The ...
Tanzania to spend $4.3 million on oil palm farming
Tanzania has set aside 4.3 million dollars to boost cultivation of oil palm as part of its strategy to end importation of edible oils, Prime Minister, Kassim Majaliwa, said on Monday. Majaliwa revealed this when speaking in the Western Tanzania’s region of Kigoma soon after inspecting an oil palm farm ...
Palm oil producers cry out over price slide due to illegal import
The National Palm Produce Association of Nigeria (NPPAN) has raised alarm over the downward slide in the price of Crude Palm Oil (CPO) and local demand in spite of their huge investments. ...