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The Indonesian government has issued a new regulation to curb exports of used cooking oil (UCO) and palm oil residue in a bid to ensure supply for its domestic market. In a statement, the government said the move was aimed at helping it attain a new mandate starting this year of mixing 40% palm oil-based

Malaysian palm oil futures posted a weekly drop despite ending higher on Friday amid sluggish demand from top buyer India and losses in Dalian vegetable oils. The benchmark palm oil contract FCPO1! for April delivery on the Bursa Malaysia Derivatives Exchange gained 7 ringgit, or 0.17%, to 4,193 ringgit a metric ton at closing. Malaysian palm oil futures settled higher on Friday on bargain buying as prices have reasonably corrected from recent highs and premium over soybean oil has erased, said Anilkumar Bagani, commodity research head at vegetable oil brokerage Sunvin Group. The contract fell to its lowest in more than three months earlier in the session. It lost 4.51% this week. “Lower imports by top buyer India are a major concern for the palm oil market, especially as competition intensifies from cheaper soyoil and rapeseed oil, which are attracting increasing demand,” a Mumbai-based dealer with a global trade house said. Palm oil imports by India, the world’s biggest importer

By: Francisco Seva Rivadulla, international agri-food journalist The Peruvian mango industry faces the new year projecting a powerful brand image, increasingly stronger at an international level, and preparing its participation in the Fruit Logística fair, which will be held from February 5 to 7 in Berlin (Germany), as well as in IFPA (International Fresh Produce Association), which will be held from October 16 to 18 in Anaheim (California, United States). According to Engineer Iván Vílchez, president of the Peruvian Association of Mango Producers and Exporters (APEM), “both Europe and the United States are our main markets and, therefore, Fruit Logística and IFPA are two crucial fairs to continue advancing in the internationalization of our mangoes in these markets. They are fundamental platforms to boost our exports.” Currently, Peruvian mango is exported to more than 40 countries around the world. In this regard, Vilchez commented: “We have to continue advancing in the European ...