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.
After a little more than three years, China’s Belt and Road Initiative, envisioned as an infrastructure and trade network connecting Asia with Europe and Africa along ancient trade routes, is delivering promising early results on trade and investment. It’s a win-win scenario given that China and countries along the routes have signed more than 40
Durian, coffee and bird’s nest – those are the three most popular Malaysian products that the Chinese are eyeing. Other products well received during the Food, Hotel, Catering China expo at the Shanghai New International Exhibition Centre were confectioneries, food sauces and pastes…Full Article: The Star Online Post Nov 2016 Key Point From January to
McDonald’s stores in China will change the cooking oil they use starting next year, despite an increased cost, and introduce new menu items including fruits and vegetables, the Beijing Times reported on Friday [15 July 2016]. Phyllis Cheung, the CEO of McDonald’s China, said the fast-food giant is testing new cooking oil and plans to
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
Yunnan province in China hopes to increase trade with Malaysia through commercial links in the agriculture sector. Its Department of Commerce deputy Director-General Ma Yongfu said trade between them was about US$120million (RM466million) annually. The province mainly exported fresh flowers, agriculture produce and daily necessities to the country while receiving oil palm and rubber products
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.