South Sumatra Eyes 3.4mn Tons of Palm Oil Production This Year

TEMPO.CO, Palembang - South Sumatra province has set a target to produce 3.4 million tons of palm oil this year.

Last year, the province produced up 400,000 tons of palm oil.

Malaysian palm oil price hits 6-mth low

KUALA LUMPUR: Malaysian palm oil futures hit a near six-month low on Tuesday, tracking rival soyoil on the Chicago Board of Trade which fell nearly 1 percent overnight, and ahead of the release of official output and export data next week.

Bank of England considers palm oil for the new £20 note

The new £20 note is due to be introduced by 2020, but the tender for production has been put on hold.

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