Tag: Crude Palm Oil
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First Palm Oil Barometer challenges negative public perception on palm oil sustainability
While smallholder palm oil farmers risk living in poverty, the 282 billion-dollar palm oil industry creates huge profits for companies. The pivotal role of smallholders in the palm oil sector, currently contributing to around 30% of global production, is often overlooked in the sustainability agenda, as policies tend to focus on large industrial plantations. And…
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Gov’t urged to ban export of crude palm oil to protect local market
The government is being urged to ban the export of Crude Palm Oil (CPO) from Ghana, to ensure local processors have access to the raw material for their work. According to stakeholders in the Crude Palm Oil industry, the current ban on the export of the product by other countries like Indonesia requires that Ghana…
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Price of cooking oil to rise following Indonesia’s ban on palm oil export
The price of cooking oil and other products like soaps and biscuits, that are produced using crude palm oil (CPO) should rise in the coming weeks in Ghana if the ban on the export of palm oil from Indonesia isn’t lifted. This is according to stakeholders within the palm oil industry. Indonesia, the world’s biggest…
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Indonesia’s planned cooking oil export ban sends global prices of edible oils soaring
The world’s top palm-oil producer announced that it would ban exports of the commodity starting on Thursday, sending the prices of edible oils soaring. Indonesia accounts for about half of the world’s supply of palm oil, the world’s most widely used vegetable oil. Palm oil is used for cooking and for the production of thousands…
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Artisanal Palm Oil Producers want 50% reduction in benchmark values reversed
While the Ghana Union of Traders Association, GUTA is calling for the maintenance of the 50% benchmark values reduction policy, Artisanal Palm Oil Millers and Outgrowers say the policy is deepening their woes amidst the Covid-19 pandemic. According to the Artisanal Palm Oil Millers and Outgrowers Association, the policy is rendering locally produced crude palm oil…