Question 1: What is palm oil, and what makes it so important? Answer: Palm oil (derived from the oil palm species Elaeis guineensis) is the most widely traded and consumed vegetable oil in the world.

JAKARTA, May 16 (Reuters) - The Indonesia Palm Oil Association, GAPKI, on Friday urged the government to delay a planned hike in the palm oil export levy, warning it could harm competitiveness ...

Malaysia is hoping to unlock new commercial opportunities in its palm oil sector with a trade visit to China. Deputy plantation and commodities minister Chan Foong Hin will lead the trip from May ...

Indonesia, the world's biggest palm oil producer, is facing proposed U.S. tariffs of 32 per cent, while number two producer Malaysia faces a 24 per cent rate. The tariffs have been put on hold ...

he government is slated to raise its export levy on crude palm oil from 7.5 percent to 10 percent of the reference price starting May 17 to fund a biodiesel program and replanting efforts.

Malaysia's palm oil stocks jumped to their highest level in six months in April, as production surged to a decade-high for the month while local consumption dropped, data from the industry ...

A new report, Palm Oil Barometer 2025: Procurement for Prosperity, has called for significant changes in global palm oil sourcing practices to ensure that smallholder farmers, particularly those ...

JAKARTA -- Indonesian exports of crude palm oil are expected to drop during 2025 due to increased domestic biofuel policy mandates but prices are likely to rise because of this, U.S. tariffs ...

A decline in the import of both palm oil and soft oils led to a 33.87 per cent decrease in the import of edible oils in the country during April 2025. This decline was driven by low demand for ...

Since 2019, human rights groups have filed numerous complaints against German supermarket chain Edeka and palm oil supplier NaturAceites, alleging the companies failed to respond to concerns from ...

The total number of active drilling rigs for oil and gas in the United States came crashing down this week, according to new data that Baker Hughes published on Friday, following a 6-rig decrease ...

An eyewitness shares footage of the aftermath of a bombing near a fertility clinic in Palm Springs, California, and describes the 'pretty scary scene' to Reuters. Video credit: X @_nimasworld.