Palm oil
Asian Palm Oil Alliance (APOA)
Asian Palm Oil Alliance (APOA) was formed at the Globoil Summit organized in Agra on September 21. Key facts The APOA brings together the apex edible oil industry associations from India, Pakistan, Sri Lanka, Bangladesh and Nepal, which are the ..
Month: Current affairs - September, 2022
Category: Economy & Banking Current Affairs • International / World Current Affairs
Palm Oil Crisis in Indonesia
Indonesia, the largest producer, and exporter of palm oil is experiencing domestic shortages so much that the government has been forced to put curbs on shipments and introduce price controls. Overview: For the year 2021-22 (October to September), Indonesia’s palm ..
Month: Current Affairs - April, 2022
Category: International / World Current Affairs
India’s Record Soyoil Import from the United States of America
Due to limited supply from drought-stricken South America, Indian exporters have arranged to import a record 100,000 tonnes of soyoil from the United States, at a time when palm oil prices are reaching new highs. Overview: India, the world’s largest ..
Month: Current Affairs - February, 2022
Category: India Nation & States Current Affairs
Council of Palm Oil Producing Countries
The top palm oil producers for the first time are looking for opportunities to run an advocacy campaign in Europe. The largest oil producers of the world Indonesia and Malaysia have sent proposals to hire an advocacy firm to run ..
Month: Current Affairs - January, 2021
Malaysia’s 3.7 billion USD package
The Malaysian Government recently unveiled 3.7 billion USD package to help the economy recover from impacts of COVID-19. The package amounts to 1.1% of GDP of Malaysia. The package was announced as the country struggled to curb its third wave ..
Month: Current Affairs - January, 2021
Union Cabinet approves MoU between India and Malaysia
On October 21, 2020, the Union Cabinet chaired by Prime Minister Narendra Modi approved the Memorandum of Understanding signed between The Institute of Chartered Accountants of India and the Malaysian Institute of certified public Accountants. The agreement enables the qualified ..
Month: Current Affairs - October, 2020
Rare Palm from Andaman replanted in Kerala: To prevent its Extinction
A rare palm from South Andaman Island has found its second home in Jawaharlal Nehru Tropical Botanic Garden and Research Institute (JNTBGRI) Kerala. The species has been brought to the Indian mainland to prevent its extinction. Highlights The rare palm ..
Month: Current Affairs - May, 2020
Curbs on Palm oil imports tightened
On April 13, 2020, India tightened its curbs on imports of palm oil. Under the new conditions, the authorisation for imports of palm oil should be accompanied with pre-purchase agreement. Highlights Apart from the pre-purchase agreement, “certificate of origin” has ..
Month: Current Affairs - April, 2020
Negative impact of palm oil use in developing countries
The use of palm oil is widespread in developing countries because of its cheap availability. It is extracted from the fruits of the African Oil Palm tree. It is used in different forms: refined, blended or in the form of ..
Update – FDI in seeds & plantation doubles
In a written reply by the Union Minister of Agriculture, Narendra Singh Tomar informed the Lok Sabha that the Foreign Direct Investment in hybrid seeds and tree plantation had doubled in the previous five years. The FDI which was USD ..