Indonesia’s law enforcement agency will step up the implementation of measures to prevent speculation in cooking oil products in the context of inflation, Coordinating Minister for Maritime Affairs and Investment Luhut Panjaitan said on February 9.
Indonesia has extended its zero-levy policy for palm oil exports until October 31, the Coordinating Ministry for Economic Affairs announced on August 29.
Indonesia has received its first requests for palm oil export permits, some of which could be granted on May 30, Veri Anggriono, a senior official of the Indonesian Ministry of Trade said.
The Malaysian government will leverage on the escalating prices of crude palm oil (CPO) to increase the country’s market share of palm oil in the global market, Minister of Plantation Industries and Commodities Datuk Zuraida Kamaruddin said.
Food producer KIDO Group (KDC) has set a goal of reeling in revenue of 11.5 trillion VND (501.1 million USD) this year, of which pre-tax profit stands at 800 billion VND.
Singapore is promoting a strategy of environmentally friendly palm oil production, aiming to become a the world's first country to only use sustainable palm oil.
The State Capital Investment Corporation (SCIC) will put its entire 36.3 percent stake, or 44.2 million shares, in the Vietnam Vegetable Oils Industry Corporation (Vocarimex) on the Hanoi Stock Exchange on August 15.
Dabaco Group has announced that it is commissioning soon a plant to produce cooking oil in Tien Du district, the northern province of Bac Ninh, with a designed capacity of 1,000 tonnes of soya bean per day.
Malaysia’s Felda Global Ventures Holdings Berhad (FGV) has announced
its plan on cooperation in the cooking oil industry with Vietnam’s
leading confectionary producer Kinh Do Corporation and regional
logistics solution provider Indo Trans Logistics Corporation (ITL).
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