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Indonesia, Malaysia eye joint campaign in Europe to counter palm oil critic

Read more about Indonesia, Malaysia eye joint campaign in Europe to counter palm oil critic on Business Standard. The producers of palm oil, grown primarily in Indonesia and Malaysia, are accused of clearing vast areas of biodiversity rich rainforests in Southeast Asia and exploiting migrant workers
Kuala Lumpur Long Ching United Kingdom Raju Gopalakrishnan Mei Chu Malaysian Biodiesel Association

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Indonesia refined palm oil exports to rise in 2021 on tax changes

2 Min Read KUALA LUMPUR, Jan 11 (Reuters) - Indonesia, the world’s biggest palm oil producer, will increase its refined palm oil exports after raising taxes, leaving Malaysia to become more competitive in crude palm oil (CPO) exports, a leading industry analyst said on Monday. The reordering of palm oil trading follows Indonesia’s decision last month to raise the export levy to a progressive system of $55 to $255 per tonne of CPO, depending on price levels to generate funds for its palm-bas...
Kuala Lumpur Christian Schmollinger Mei Chu Thomson Reuters Trust Principles James Fry Thomson Reuters Trust

UPDATE 1-Indonesian palm group to seek review of export levy if palm prices top 4,000 rgt

(Recasts with high palm prices, adds quotes from Indonesian official) KUALA LUMPUR, Jan 7 (Reuters) - The Indonesian Palm Oil Association (GAPKI) said on Thursday it would ask the government to reformulate its biodiesel blending rates or revise the export levy if palm oil prices maintain their meteoric rise. Malaysia’s benchmark crude palm oil prices started the year at near 10-year highs, trading at around 3,800 ringgit a tonne ($950.81) and further widening its premium over crude oil, makin...
Kuala Lumpur Mei Chu Arifin Tasrif Togar Sitanggang Tom Hogue Bernadette Christina Munthe

Weather, labour crunch set to dent global crude palm oil output, says analyst

2 Min Read KUALA LUMPUR (Reuters) - Weather disruption and labour shortages mean global palm oil production is unlikely to stay on trend to hit growth projections of more than 6 million tonnes this year, a leading sector analyst told a virtual conference on Wednesday. FILE PHOTO: A worker arranges palm oil fruit bunches at a factory in Tanjung Karang, Malaysia August 14, 2020. REUTERS/Lim Huey Teng/File Photo “If you plot long-run growth in crude palm oil output, if it regains its trend, prod...
Kuala Lumpur United States Mei Chu Barbara Lewis Thomson Reuters Trust Principles India Solvent Extractor Association

These Boston Restaurants Helped Their Communities in 2020

Eater Boston , and more: “Twelve Hours in Brighton has been giving out more than 100 bagged meals on Wednesdays since May 4. They set up a makeshift curbside pickup in front of their business each week. The lemonade-style cardboard signs read ‘Free Food’ and ‘Helping Each Other.’ It is a beautiful reminder of the power of community. ” Samer encourages readers to consider donating to : “Asia Mei at Moonshine 152 really came up to bat for the Boston restaurant community as a whole,...
United States Central Square Eric Twardzik Natalie Guo Marc Hurwitz Mei Irene Li
Source: eater.com

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