Benchmark palm oil prices will average 4,350 ringgit ($972.07) a metric ton this year, up 5.4% from 2024, according to a median estimate of 11 traders, analysts and industry participants.

MUMBAI, Jan 16 (Reuters) - India's palm oil imports are set to plunge to a near five-year low in January, hit by negative refining margins as the tropical oil's premium over rivals drives buyers ...

Indonesian President Prabowo Subianto has called for the expansion of oil palm plantations, saying any criticism that this will cause deforestation is nonsense because oil palms are trees too.

resident Prabowo Subianto has said Indonesia should develop more palm oil plantations and should not be concerned about deforestation accusations from other countries. He urged all governors ...

President Prabowo Subianto has called for tighter security to protect Indonesia’s palm oil plantations, saying the commodity is being targeted by foreign countries. “They really need our palm ...

India consumes 23 to 25 million tonnes of edible oil a year. Of that, nearly 8-10 million tonnes is Palm oil. 90% of this palm oil is consumed as food. About 15 to 16 million tonnes of edible consumed ...

The mandate aims to increase palm oil blending in biodiesel to 40%. State energy firm Pertamina awaits official decrees for implementation. Palm oil prices surged nearly 20% this year on reduced ...

JAKARTA – A call by the Indonesian President to expand oil palm plantations has drawn backlash from environmental and farmers’ groups, which warn that his comments may set back efforts to curb ...

The real-time price of Brent crude oil is at $76.04 per barrel, and the price of WTI crude oil is at $72.86 per barrel. Oil prices are customarily quoted in dollars (USD) around the world, not only in ...

TEMPO.CO, Jakarta - Indonesian President Prabowo Subianto claimed on Monday that palm oil is a national asset and the government must increase and expand palm oil plantations in the country. The head ...

KUALA LUMPUR: The implementation of Malaysian Sustainable Palm Oil (MSPO) Standard MS2530:2022 (MSPO 2.0) reinforces Malaysia’s leadership in sustainable palm oil production and strengthens its ...