palm oil

Don't Miss:

26/04/2024 Changi Airport Group awards OUE tender for lease and development of new hotel at Changi Airport Terminal 2 ( General )
26/04/2024 Korean Air to launch new route to Macau ( General )
26/04/2024 WhatsApp is working on an option to stop notifications when someone reacts to your status updates ( General )
24/04/2024 Puma to launch compostable shoes after a two-year pilot project ( Fashion )
24/04/2024 7-Eleven eyes 100,000 stores globally by 2030 ( General )
24/04/2024 Vietnam tops Southeast Asia in number of Apple suppliers ( Electronics )
24/04/2024 FPT and Nvidia to build $200M AI factory in Vietnam ( Electronics )
23/04/2024 Google Meet now lets users make annotations during presentations ( General )
22/04/2024 WhatsApp testing scheduling feature for easier event management in Communities ( General )
22/04/2024 EU set to approve Apple’s plan to open its NFC technology for rivals ( Electronics )
18/04/2024 Apple CEO Tim Cook says it is considering a manufacturing facility in Indonesia ( Electronics )
18/04/2024 Google Maps to show alternate transit and walking directions along with driving routes ( General )
17/04/2024 Apple releases iOS 17.5 beta 2 giving EU iPhone users more unique capabilities ( E-Tailing )
17/04/2024 WhatsApp rolls out new chat filters to help you locate unread and group conversations ( General )

Retail Asia08/06/2022

The innovators behind Australia’s first reef safe sunscreen is packaged in reusable and recyclable tins and Australia’s first vegan surf zinc, SunButter Skincare, have announced they will become the first sunscreen company in the world to be certified palm oil free. Working closely with International Palm Oil Free Certification Trademark (POFCAP) SunButter has removed palm […]

CONTINUE READING

Retail Asia23/04/2021

Amazon will let customers pay for their groceries at Whole Foods locations in Seattle with a swipe of their palms. The online shopping giant, which acquired Whole Foods in 2017, is rolling out pay-by-palm technology at some grocery stores near Amazon’s headquarters to make paying quicker and more convenient. The technology, called Amazon One, lets […]

CONTINUE READING

Retail Asia20/09/2019

Mydin, Malaysia’s largest supermarket chain, has announced plans to de-stock any products promoted as “palm-oil free” in a move aimed at discrediting the environmental movement. The expansion of palm-oil plantations – the majority of which are located in Malaysia and Indonesia – has led to substantial deforestation of the native habitats of the three surviving […]

CONTINUE READING

Retail Asia20/02/2019

Malaysian palm oil prices are set to hold steady in 2019 at an average of RM2,303 a tonne, according to estimates by the Malaysian Palm Oil Council (MPOC), while global output of the tropical oil is expected to rise by 3 million tonnes. “Global palm oil production is projected to be 72 million tonnes, with […]

CONTINUE READING

Retail Asia13/02/2019

Malaysia aims to double the palm oil content in biodiesel used for the transport sector to 20% next year, as Southeast Asia’s third-largest economy looks to cut record stockpiles and boost prices, a government minister said. The government will also raise the palm oil content in biofuel for the industrial sector to 10% next year […]

CONTINUE READING

Retail Asia04/02/2019

Malaysian palm oil futures fell last week, after data from a cargo surveyor showed exports grew more slowly than expected in January. The benchmark palm oil contract for April delivery on Bursa Malaysia Derivatives Exchange dropped 0.2% to RM2,299 a tonne. Trading volumes stood at 24,751 lots of 25 tonnes each. “The export numbers released […]

CONTINUE READING

Retail Asia30/01/2019

Sime Darby Plantation Bhd (SDP) and Sarawak Land Consolidation and Rehabilitation Authority (Salcra) have signed a memorandum of understanding (MoU) to form a collaborative framework to establish, strengthen and encourage synergistic commercial cooperation along the palm oil value chain. The collaboration aims to uplift Sarawak’s palm oil industry standards in terms of operational efficiency and […]

CONTINUE READING

Retail Asia27/12/2018

Malaysia, the world’s second-largest palm oil producer, is reviewing the duty structure for its exports of the edible oil, according to its minister in charge of agriculture produced for export, to boost demand and reduce burgeoning stockpiles. “We are currently reviewing our present export duty structure to ensure a level playing field in the market,” […]

CONTINUE READING

Retail Asia16/11/2018

Deputy Chief Minister of Sabah Datuk Seri Wilfred Madius Tangau said during his closing address at the 16th Annual Roundtable of Sustainable Palm Oil Conference today, the state is committed to having more palm oil produce to achieve both the Roundtable of the Sustainable Palm Oil (RSPO) and the local Malaysian Sustainable Palm Oil (MSPO), […]

CONTINUE READING

Retail Asia12/11/2018

Indonesia has decided not to make any changes to export levies on palm oil, Coordinating Economic Affairs Minister Darmin Nasution said on Thursday. “Even though we have had discussions on the issue, we prefer not to change the policy on this area. There is no change,” Darmin said at a press briefing in Kuala Lumpur. […]

CONTINUE READING

Retail Asia02/11/2018

The government is considering reducing its levy on palm oil exports, Coordinating Economic Affairs Minister Darmin Nasution said on Thursday, as the country pushes to maintain its position in international markets for the commodity. Speaking at an industry conference in Bali, the minister said an “adjustment” to the levy was among steps to be taken […]

CONTINUE READING

Retail Asia27/09/2018

A lawmaker and an industry analyst have called on the government to scrap its export tax on crude palm oil to help improve the competitiveness of the sector and boost exports, amid a weakening rupiah. Since 2015, the Indonesian Oil Palm Estate Fund (BPDPKS), which is tasked with strengthening and promoting sustainable practices in the […]

CONTINUE READING

Retail Asia24/09/2018

President Joko “Jokowi” Widodo signed a moratorium on new oil palm plantation permits on Wednesday (19/09) and ordered a review of existing permits amid growing concern over deforestation in the country. The instruction, which is set to remain in place for three years, applies to new and submitted requests, as well as those approved but […]

CONTINUE READING

Retail Asia29/08/2018

Nickel miner Laman Mining is suspected of illegal bauxite mining operations, disrupting orangutan habitat in West Kalimantan’s Tulak River forest. The Ministry of Environment and Forestry raided the company’s sites in Puring and Kempapakon on Aug. 20, finding seven heavy-duty vehicles for excavation. Laman Mining claimed the areas were included in its mining business permit (IUP). According to forest maps, however, […]

CONTINUE READING

Retail Asia28/08/2018

The Indonesia Oil Palm Estate Fund is confident that it can shoulder additional subsidies paid out to producers under the government’s new biodiesel policy for the rest of the year. The government will require all diesel engines in the country to run on B20, or diesel containing 20 percent biofuel derived from palm oil, from next […]

CONTINUE READING

Retail Asia26/07/2018

Indonesia, the world’s biggest palm oil producer, is offering incentives to developers of a new 100 percent palm oil-based “green diesel,” which the net oil importer hopes can replace costly fuel imports within three years, Industry Minister Airlangga Hartarto said. Biodiesel for land transportation in Indonesia currently consists of a 20 percent bio component that is […]

CONTINUE READING

Retail Asia24/07/2018

Palm oil sourced from illegally cleared rainforest areas in Indonesia has flowed through traders to major consumer goods brands despite widespread commitments to cease purchases of non-sustainable oil, a new report says. Palm oil companies Royal Golden Eagle (RGE), Wilmar, Musim Mas Group and Golden Agri Resources sold oil from 21 “tainted” mills to more […]

CONTINUE READING

Retail Asia17/07/2018

The European market is open to palm oil and there is no ban on the commodity, said Ambassador and Head of European Union Delegation to Malaysia, Maria Castillo Fernandez. Clarifying the stance of Europe on palm oil, she said there is a discussion in the region to reduce the use of biofuels in order to […]

CONTINUE READING

Retail Asia27/06/2018

Malaysian palm oil futures fell at the midday break today, as weak export demand and losses in US soyoil weighed. The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange was down 0.8% at RM2,266 per tonne, its sharpest intraday loss since June 19. Palm gained in the previous session, snapping […]

CONTINUE READING

Retail Asia12/06/2018

Dozens of French farmers blocked access to 13 refineries across the country today to protest against plans to import palm oil for use in biofuels, a move they denounce as unfair competition which jeopardises their livelihood. Energy giant Total wants to import up to 300,000 tons a year of palm oil, which environmental advocates say […]

CONTINUE READING

About Retail News Asia

Retail News Asia is committed to providing local and global retailers with the latest news from the Asian retail market on a daily basis.

We have resources for everyone from independently owned business owners to online-only retailers and major chains expanding their reach throughout the Asian market. Retail News is “the news source” with over 50 weekly posts and 13,6 million readers.

CALL US ANYTIME

Most read

Retail updates

Stay up to date of the lates updates and retail news from Asia.

X