Chinese agricultural scientists have created a trial plantation of oil-producing palm trees in the country’s southernmost island province of Hainan. The Hainan-based Chinese Academy of Tropical Agricultural Sciences said on Friday [17 November 2017] it has taken two years to grow the exotic tropical plant. So far, it is thriving on a 5-hectare trial plantation
Malaysian Palm Oil Exports to China Struggle to Compete with Indonesian Supply and Cheap Soybean Oil
While Malaysia, the world’s second largest producer of crude palm oil (CPO), is seeking to export more palm oil to China following Prime Minister Najib Razak’s visits to China, it may be a tall order this year, as soybean supplies remain ample and Indonesia, another major CPO producer, still has its competitive advantage over Malaysia.
Nine companies from China have joined the Roundtable Sustainable Palm Oil (RSPO) body so far this year, including major sustainable palm oil importer Sinograin Oils Corp, taking the membership from China to 52, according to a note the RSPO sent to the Global Times on Thursday [14 July 2016]…Full Article: The Global Times July 2016
Palm oil production in Malaysia, the biggest supplier after Indonesia, probably dropped the most in seven months in September after reaching a record in August. Futures climbed the most in more than a week. Output slumped 11 percent to 1.81 million metric tons from an all-time high of 2.03 million tons, according to the median
China edible oil producer, Henan Xinghe Oil and Fat Co Ltd, plans to introduce its branded oil products to Malaysia in the wake of a proposed reverse takeover (RTO) of Key West Global Telecommunications Bhd. The move will mark the first foray of the company, one of China’s top six edible oil makers, out of
Still fresh from the aftermath of Indonesia’s lower palm oil export duty regime, local refiners are now faced with a new challenge China’s Inspection and Quarantine Bureau’s (CIQ) tighter requirements on imported edible oils, including refined palm oil, to be of “landed quality” rather than the preceding “shipped quality at origin” introduced early this month.
Buyers from China, the world’s second largest importer of palm oil, are rushing to stock up on the refined variant in the last quarter of this year before stricter quality measures set by Beijing take effect on Jan. 1 next year, traders said. China announced its plans for the grade, used mainly in cooking oil,
China’s import of palm oil is expected to reach six million tons next year due to increasing demand, says the Malaysian Palm Oil Council. Its regional manager for China, Desmond Ng, said as the Chinese economy and population continued to grow, demand for palm oil would also increase steadily but at a slower pace in